The Aussie intraday.

Good morning Dynamic Traders,

Today I am showing a chart of the AUDUSD intraday on the one hour timeframe.
This is a trade that I have just entered and am now managing.

By looking at the various timeframes I entered this by using 'The Dynamic Trader' rules for a possible 123.

As can be seen from the image below there was short term divergence here and the figure was in close proximity.

The confluences that are appropriate came together and therefore I took the trade and as usual I did my analysis across the relevant timeframes.

Please do your own analysis and whilst doing so find the confluences that should be occurring.

This is an intraday trade and so I am going to manage it accordingly, and being intraday it is not for great profits but to take some pips from the market.

Charts courtesy of AdvancedGet.

Always enjoy your trading.

Clayton Farnworth.