Saturday, June 15, 2013

AUDUSD Price Action: Closing Price Reversal Trade Setup. Against Market Open June 16, 2013

 The Aussie has a very similar setup to the Kiwi, ending the day with a Closing Price Reversal Trade Setup but not without picking the Trade Rooms Sell Limit order at 0.9636, a clear 68pips above the current price. The entry was quite precise and the Trade room projects a take profit of about 140pips, about 70pips lower from its current price. The pair also seems like shaking off it very recent bearish tone, therefore the support zone as indicated above should interest buyers.

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