2014/05/09 (Friday) Price Action

Australian Dollar/U.S. DollarFXCM

Description

⋅ May 11, 2014 7:55 PM

A further inside bar is an interesting formation for today.

We may see more upside action toward resistance early next week and a short-term reversal after a rejection leading to more possibly more long opportunities by Friday.

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Any entry long at the high of Thursdays candle at this point would not be worth the risk since resistance area is too close for the return.