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PriceActionTrading
Feb 26, 2015 7:25 AM

FOLLOW UP TO MY PREVIOUS IDEA  Long

Australian Dollar/U.S. DollarFXCM

Description

PRICE BROKE AND CLOSED ABOVE THE CHANNEL IN H4 TIMEFRAME.
RETESTING AND FAILED TO CLOSE INSIDE THE CHANNEL AS FOR NOW.

THIS THE TIME TO BUY?
MORE CONSERVATIVE TRADER MAY WAIT FOR D1 CONFIRMATION INSTEAD.
Comments
PriceActionTrading
NO D1 CONFIRMATION.
INSTEAD, BEARISH REJECTION ON D1.
TRADE INVALID AS OF NOW UNTIL REJECTION PATTERN IS INVALIDATED.
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