AUD/USD interesting channel. 1Hour Timeframe
Here is my AUD/USD
H1 Chart.
As you can see we have a nice decending channel
I am expecting a bounce from 1.0255 maybe up 60 pips or so!
Before another decline as the daily & weekly charts look pressured for the Aussie....
Happy trading
@AstroFX13
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Comment by Kevin Henry Ostermey on February 11, 2013 at 11:08am -
sHAUN, Im currently short on AUD/USD to take profit @ $1.0255 which looks promising on the 4HR chrts. Regards. Kevin
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Comment by Peter jcp on February 11, 2013 at 1:06pm -
Hiya Shaun - I have been looking for a bounce on the AU but was hoping it would come with an HL from 0255. This messy chart is a 15 min on daily candles and my descending channel is lower than yours - so if low went could see another 20-40 pips lower. Need over 0285 /90 to think its turning with it also staying above 0263. Failing that would look at selling again under 60 and 55.GL - and have another great week
Regards
Peter
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Comment by Peter jcp on February 11, 2013 at 1:57pm
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AU as posted another HL at 0265 - so will we now see over 0282?
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Comment by Shaun Powell on February 11, 2013 at 2:19pm -
nice pin on the 4H just formed too! maybe back to pivot 1.0300
Comment
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