Posted by: joetradingplace | January 4, 2013

Audchf Analysis

We have been bearish this pair since mid december and we took a couple of short trades, we turned bullish when the pair broke the 9520s Support Zone, but failed to follow through…same as eurnzd, we didnt find a good setup to go long, so we are now waiting for a retracement to join the party. Price has sliced through the 2 pivots (blue lines) and  we thinks its more likely to retest these levels if she has to continue higher. We will be looking for longs around the green circle.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s


%d bloggers like this: