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The Dynamic Trader Forex Blog

Thursday, 21 May 2009

AUD Doji

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = AUD : 60min Chart (Posted Below)

Read our review from Monday's blog Click here It would have been worth it.

Our Day chart finished the day with a doji, which could be a breather in the move or a possible sign that the trend will reverse ? Swing traders amongst you will now look to tighten your stops whilst monitoring the appropriate charts.

Moving to our 60mins chart, we put in the higher high at 1500hrs this afternoon (Wednesday), retested at 1900hrs and have not as yet retested this area. I have established a further support trend line as seen on the chart and copied it to give short term resistance as shown. We have several touches of the support and three of the resistance.

We have 100 pips on offer if we move up to our new resistance level.

Let's see what tomorrow brings ?















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst
TwitterCounter for @j9jdm





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