AUDUSD outlook for the week 27th Jan, 2014
Daily Chart
http://2.bp.blogspot.com/-1LfpQcSe_k...1-26_22-35.jpg
The bearish sentiment continues
Daily Chart
http://2.bp.blogspot.com/-1LfpQcSe_k...1-26_22-35.jpg
The bearish sentiment continues
- Divergence is spotted on stochastic
4 Hourly Chart
http://2.bp.blogspot.com/-rgSqF84iMU...1-26_22-35.jpg
Hourly Chart
http://3.bp.blogspot.com/-KQ7XXukEDZ...1-26_22-35.jpg
Outlook Trade opportunity
Would be selling at a retest of resistance which was support before breakout, and a Long order at major support (pls see 4hr / 1hr chart)
Risk Level Low
Only the strong survives!