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$AUDUSD 18 Jan 2012

By ⋅ January 18, 2012 ⋅ Post a comment
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I see two possible scenarios for $AUDUSD. I like the fact that it broke through the resistance yesterday, potentially complete the ABCD movement. However, looking at the daily chart, the latest candle/pin bar (if it means anything to you at all!) looks a little bearish now.

Let’s see how it goes.

Here is the ….. CHART!!

$AUDUSD 18 Jan 2012



From the desk of Trader Gav
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“"The man who changes his ideas or his plan, which are based on something practical, for no other reason than that he hopes or fears the market will do something different, will never make a success.””

 W. D. Gann Truth of the Stock Tape [Pomeroy, WA: Lambert-Gann Publishing, 1923]

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Forex Trading involves high risks, with the potential for substantial losses and is not suitable for all persons. Past performance is not necessarily indicative of future results.

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