Wednesday, July 24, 2013

AUD / USD: 24/07/2013. 20:28HRS

AUD / USD:

AU is in a down trend.

Chart below:

 

 
Price has formed a triple top and has today broken down through the averages.
 
Price has made a lower low, therefore I am looking for a short position as detailed below.
 
Levels and Chart below:
 
1st Entry: 0.9200
2nd Entry: 0.9220
 
Averaged entry: 0.9210
 
Stop Loss: 0.9250
 
Target: 0.9010
 
 
I will update again should the position be opened.

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