Posted by: joetradingplace | January 24, 2013

Aussie Update

Now that the 1.0500 handle has been broken we expect price to retest the 1.0500s zone and she will make a decision wether to follow through or continue falling, if you were short from the 1.0550-1.0560 zone we discussed previously, you could have taken partial profits at 1.0510 and moved SL at breakeven. A retest of 1.0500 could be a good level to add to your trade.

Advertisements

Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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 )

Google+ photo

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

Connecting to %s

Categories

%d bloggers like this: