AUDUSD had fallen sharply from 0.9775 to 0.8600 in just 4 days. AUDUSD seems to have bottomed and due for a rebound.
Both Bolingerband and Stochastics had signaled buy for AUDUSD.
According to 10min chart, if AUDUSD rebounds, it will form double-bottom.
Bought 10,000 AUDUSD at 0.8663
Stop level at 0.8559
Target level at 0.8787
Bear market is not over yet for stocks. I do not want to trade stocks now, prices will just keep going down. But forex has no bear market, I have been trading currency in this equity bear market.
Newbies can open demo account here. Its free!
Tuesday, August 19, 2008
AUDUSD due for a rebound
Posted by Forex Educator at 5:08 PM
Subscribe to:
Post Comments (Atom)
5 comments:
Thanks for the observation. It really helped.
Regards,
Moses.
Finally you can access to my website.
Yes i can access your comments. Nice research you are doing everyday. Am online
How much are you targeting in this AUDUSD rebound?
My target level is 0.8787. Its all written in my article.
Post a Comment