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Monday 30 January 2012

AUS/USD trade call 30 Jan

Short Aud/Usd@ 1.0550 , TP @ 1.0350 (200 pips) ,  Stop loss 1.0635 (85 pips)

Phillips miss forecast quaterly earnings, Spanish GDP drop 0.3%. Plus a stubborn Greece debt talk . Time to short. Chart will be posted later.

Regards
PipsFarmer. Make Pips, Keep Pips. Happy farming.

here the chart 9 hours later.
Technical point of view, i have suggested a short call at approx at the candle that my two arrows have pointed. Broken out from cloud , have nice profits in the next hour. However, resistance can be seen 10520. I do remain short on this trade. Please use my trade call for reference ; )