Trade77; AUDUSD Daily Channel 7am

Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

Aussie plunged at last against the Greenback and has corrected some of the last massive bullish movement.
There is a nice channel in the daily timeframe and price is near at the beneath bond now:

Until price is above this channel my bias will remain bullish and I like to see a bounce from the beneath bond before taking some long positions here.
For short setup I like to see a breakout with high volume and if price closed below 0.9780 then it could be a good long-term sell signal.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.

Kindest Regards

  Copyright secured by Digiprove © 2011

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news

  • Anonymous

    Greg Thanks for your comment. I’m preparing a full article about breakouts and volumes and will post it soon.