Dynamic Trader Forex Blog FXCPS.co.uk: AUD, Tickets Please

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.

Despite early trading been bearish, price picked up on the UK market open and restored the cross back into our short term trading channel.

Those of you who "swing trade" will still be in this trade, since entering Monday and should be to the tune of 250 pips in profit. More if you use your "Dynamic Trader" toolbox.

Those not so patient may have been in and out and back in the trade over the week and also well in profit. If you refer to last nights blog, we placed short term trend lines on the 60 min chart with indicators possibly saying a "Bear" movement likely. If you used your ESLT, you would have had easy pickings of 50 pips before price headed back up.

With the longer time frames indicating an uptrend, this cross could continue in its rise to possible targets on the day chart of 0.7850 and then 0.8450.

In the UK we have a "Bank Holiday" so I will not be posting till Tuesday, I hope you all enjoy the break and pray we get some nice weather.