AUDUSD pair here it is being sold aggressively together with the whole commodity sector to start the year and our take is that the pair is going to make a new low.
This is the reason for wanting to go long from that 0.6900 area with 0.6700 stop loss and 0.7320 take profit as the triple zigzag that is channeling really well should be followed by a so called flat with a strong b wave, namely a strong b wave that retraces more than 100% when compared with the previous wave a.
Yesterday’s FOMC minutes failed to move the trend…
Top trade idea for January 7th, 2015 – AUDUSD
No comments:
Post a Comment