mcpeacocks
Short

Short AU based on bearflag break

FX:AUDUSD   Australian Dollar/U.S. Dollar
191 0 9
break of bear flag on 4hr
target 0.69157
stops above the flag at 0.7080
Comment: expect some resistance at .70230 (previous support level). we may see a bounce to test the bottom of the flag.
if the level gets broken and held I will add to my shorts.
Comment: that reaction to the expected resistance was definitely there and the bounce was strong and came close to my stops. still short at the moment
Comment: ok, so that really good number for Oz employment data threw a bit of a spanner in this one and I got stopped out. looking to see how reaction is at the 0.7150 levels to possible re-enter
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