Genghis

AUDUSD Oct'16 - Coiled spring

FX:AUDUSD   Australian Dollar/U.S. Dollar
40 3 2
Coiled spring. I favour selling into resistance at the moment but most important levels to me are 0.7715 and 0.744. See which we hit first.
Trade active: Short at 0.768, SL 0.7713
Trade closed: stop reached: Broke north. Decision appears to have been made
Comment: Missed the long buying opportunity at 0.757
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But we're heading into 0.776 now
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Comment: Hoping we get sub 757 to get long
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Comment: AUD a mess and all over the place but this could be long opportunity
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Comment: Correct chart
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Comment: Dollar soldiers on...
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If you think the dollar continues its rampage from here then short with tight stop could be useful
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Decision made
Reply
Longer term potential trajectory based on model
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