2014/05/15 (Thursday) Price Action

FX:AUDUSD   Australian Dollar/U.S. Dollar
21 0 0
Looking at just the day candle I can see we had quite a mix movement today no doubt keeping those intraday people active. We ended up on a down for the day after an initial scout to the upside. On close being probably the recoil from the downside rejection tapered in momentum in keeping with the sideways motion this week.
I will not be looking at any signals here until I get a strong set of days in the direction of the trend. I am hesitant to enter any position on this pair in any direction since these bipolar candles can indicate longer term position exits from built up long positions, and further movements down.
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