TESTER

Good evening Forex traders ,

Firstly may I congratulate Hina on a job very well done on the fantastic competition win, you did brilliantly , well done.

Tonight I am going to deviate a little and put up some analysis on another way I trade for continuations.

The chart for tonight is the AUDNZD but please be aware it is on the smaller time frame of one hour, not only will this keep my SL small for this tester, but hopefully will give me quicker profits too!

At present it is displaying a possible bullish flag and has almost tagged a breather level. The RSI indicator is declining but still above 50, and this candle is only about ten minutes from closing and looks to be forming a possible spinning top.

With it being on a smaller timeframe I shall monitor this very closely.

As always please do your own analysis for any trade.

Charts courtesy of TradeStation.

Good luck with your trading.

Clayton Farnworth.