Sunday, April 7, 2013

AUD/USD Day Trading

AUD/USD Day Trading using Futures Contract 6A

[caption id="attachment_6373" align="alignleft" width="150"]day trading aud/usd aud/usd trading[/caption]

AUD/USD Day Trading Weekly Chart

1.0360, is the price  Aussie never close above for few months. Right now Aussie are looking to make an H&S ( Head and Shoulders pattern). After failing to keep price above 1.0360 , Aussie price start to fall. the second shoulder should be at the same price as 50MA. I'm looking for AUD/USD price bounce at this level. [caption id="attachment_6372" align="alignright" width="150"]trading aud/usd aud/usd day trading[/caption]

AUD/USD Day Trading 480min Chart

Here we have an "M" pattern. Right now, we are in a consolidation zone, and even better Aussie price are between MA50 and MA200. Depending if we bound or pass the double bottom of "M" pattern w [...]

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