AUD/USD

It's trying to squeeze out my 0.03

greedy so and so's.
I like the shape of the February candle just below resistance though

If you google first net outflows from emerging economies since 1980s a whole bunch of informative items come up

Double Top formation, retracement (max) to 61.8%, then back down.
My Trading plan for the week.

Ensure you have proper SL/ Risk management if you are going to take on this trade.

Cheers!

Approx +50 pips profit in.

Aussie continued higher towards 0.7260 during past weeks trading. After reaching a major resistance at 0.7260, it collapsed and closed the week at 0.7130. This was mainly due to a positive data out of US market last Friday.
At daily charts AUDUSD printed a massive engulfing candle closing below the previous four sessions. This is a good bearish signal. Stochastics are overbought and favour short setups.
Looking at lower time frames, Aussie failed to climb above the recent high of 0.7260 and formed double top. After rejecting the resistance, it closed below the recent higher high (marked 5 at the chart below).
This is an indication of more downwards pressure.
Last night AUD missed Building Approvals by a long shot. This could set the negative tone for the rest of the week.
We saw AUDUSD pulled back from the support towards 0.7160, this is a good point for bears.

Date: 03/01/2016
Pair: AUDUSD
Price: 0.7160
Trade: Sell Limit
Lot Size: 0.03
Stop Loss in Pips: 60
Take profit in pips: 160
Risk of Equity: 2%

My Trading Checklist

ARE THERE MAJOR RISK EVENTS TODAY/THIS WEEK: Yes
Is the market risk off or on? SP500, DAX, NIKKEI. Are the down or up: Risk On
Is this trade with the trend?: Yes
Did I see it yesterday?: Yes
Is this a pullback measured by Fibs?: Yes
Am I buying support?: N/A
Am I selling resistance?: Yes
Is this entered during Londons session?: Yes
Did the price pulled back from 200MA on 15Min?: Yes
Are stochs extreme on multi charts?: No
Where is the price in terms of Pivots Points?: Resistance

Good day today!

still bearish

will that gap be filled??

Matter of time. As long prices do not break above double top at .7260 region, the next most likely move will be down

and this one.....

no gap.

its seems your broker got slippage issues no gap on mine screen mate

shorts watch out for 0.7250 area

Here we go again.

as long as you watch out for that line your ok but I see strength

Bulls have definitely a strong case over here. May the fittest win

good luck mate

likewise to you .
Have a good trading day!

Maybe third time lucky (To break the Resistance & move higher)

If it does, i will exit my shorts. Wait for retracement and long.

Otherwise, i will stick to my shorts. Shall wait for London for more action