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26/02/11
23:49
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couch I think your playing a risky game shorting and adding to shorts.
To me the aud looks like a ascending triangle with a 4th touch which could be breakout (it may not). It looks to flat to be a bearish wedge.
If you want to short wait for a break of a trendline or some nice TA set up.
Personally I don't see the point of money tied up in a trade if it takes weeks, months to play out when there are so many other futures to trade.
Just be careful. I have played a similar game in the past and it can be quite stressful and not worth it.
Copper looks quite weak so your trade may play out, but I think there are much safer ways to trade.
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