Wednesday, 24 October 2012

Good morning!

My AUD/CAD trade moved nicely to the downside yesterday afternoon and we were up on the trade almost 90% (of initial risk). Unfortunately this was reversed  by some good economic data released from Australia last night (CPI 1.4% when 0.9% was forecast . So now my position is pretty much back to level.  I will keep this trade open today and watch price action on the 4hr chart.

Daily chart of AUD/CAD 


















EUR/JPY and EUR/GBP also both made downwards moves, but there was no price action signal to trigger an entry for me. However I will keep an eye on these 2 pairs.

I'm going to scan the rest of the markets now to see if there's anything interesting out there.  Update to follow...

2 comments:

  1. thx its right pinbar has formed

    http://learn-price-action.blogspot.com

    ReplyDelete