A bearish candle has formed below resistance. Moving averages still wide apart and pointing down which states trend is still strong. Have gone short as per below:
STOP: 10337
ENTRY: 10311.6
LIMIT: 10208
RISK/REWARD: 4/1
Wednesday, 11 April 2012
AUD/USD Analysis
Dont normally trade the 1 hour timeframe and this is the first time im doing it
A bearish candle has formed below resistance. Moving averages still wide apart and pointing down which states trend is still strong. Have gone short as per below:
STOP: 10337
ENTRY: 10311.6
LIMIT: 10208
RISK/REWARD: 4/1
A bearish candle has formed below resistance. Moving averages still wide apart and pointing down which states trend is still strong. Have gone short as per below:
STOP: 10337
ENTRY: 10311.6
LIMIT: 10208
RISK/REWARD: 4/1
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