Fistful of AUD

Good Evening / Morning Dynamic Traders

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

Cross = AUD : 60min Chart (Posted Below)

Bonanza ! is the word that comes into mind, as we high lighted this move on this mornings blog and entry would have been in the region of 0.7548 giving you some 120 pips profit. The reversal candle as price touched our trend line would have signalled to you to tighten stops and safeguard your gains. How did you do, or did you miss the boat.

Read our thoughts on our previous blog Click here

Remember we have our previous resistance at 0.7700 just above our current resistance and a further attack on that after a recent breather could still be in play and would provide the next higher high on the day chart.

Sticking with the 60min chart, price has pulled back for a breather, stochastics are showing a false reading so my advice would be to sit and watch developments. A BOB of the current resistance trend line would be likely choice, a BOB of our historic 0.7700 would be more conservative remembering the bigger picture is saying UP.

Make sure you do your own analysis of your trades before entering and we will speak tomorrow.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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