Thursday, December 10, 2009

Another note on AUDUSD

I consider the doji invalid if there is a close above its high. So far, on the 1- and 3-hour charts, this hasn’t happened. However, I’m getting a bit annoyed with this pair. My trading experience tells me that when a pair, especially one that has been bullish, hangs about at resistance, it often is getting ready to break above it. If it does, my short may become a stop and reverse. We’ll have to see.

© Dianne Fecteau, 2009. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.

No comments:

Post a Comment