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justatrader
Nov 1, 2013 7:50 AM

AUDUSD - Long Position Long

Australian Dollar/U.S. DollarFXCM

Description

Daily chart for AUDUSD. Its a bit of an early entry. If today's candle closes higher and is green, we could have a confirmation of a bullish piercing pattern. Stochastics is making a new low in this short term uptrend. Target is set to current day's upper Bollinger band.
Comments
justatrader
It could be a possibility that price could make a lower low (squeeze some longs) before pushing higher. Would be best to check this trade on Monday morning.
titi
Yep
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