Wednesday, February 12, 2014

Audusd forming a DOJI @ a critical level

In my previous post on this pair, I recognised 0.9100 and thereabout as my trading level.

In the past 3 days, this pair has continued its retracement from 24th January low and a bearish movement is imminent

With a DOJI formed today a little below 0.9100, the bears might be gathering momentum to push the market down. I will wait for a full bearish candle to form at the end of tommorow close.

If that should happen, I will sell and hope I can make a good return at 0.8845 and 0.8710 and if otherwise, I will simply wait if a breakout will happen or price simply wants to touch 0.9100

I will keep you updated tomorrow...

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