ForceFollower
Long

AUDUSD Potential Rally off 0.9

FX:AUDUSD   Australian Dollar/U.S. Dollar
113 5 2
It is quite possible that AUDUSD             is going to stage a small rally following the bounce off the 0.9 level. The USD is relatively overbought for its recent performace and is still weak. The problem is that the AUD is in a declining phase of its momentum cycle and is neither strong nor weak, but it's nearing the oversold condition, which bodes well. I also don't like the place, where I put the SL, but I can't think of any other justified level.
Well done! I hope you followed your plan and that you didn't get stopped out. Looks like a close call.
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ForceFollower fxgraffiti
Thank you, fxgraffiti. Yes, I followed my plan, as they say, 'I traded my plan'. :-) I didn't get stopped out. I know there was a slightly lower low there, but my SL wasn't triggered - it was just a liitle bit lower.
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It't friday evening so I'll go out :D
good luck
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snapshot

my daly view still positive with good volume
I still have one
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ForceFollower HappyKing
Sure, thanks for comment. :-) Have a good end of your trading week!
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