AUD unknown

short term target, page-45

  1. 139 Posts.
    Hi Darron, I also have a support area at 94.19 to 93.68 but it has to get through 96.35/ 96.25 support area to get down here.

    This is based on a weekly time frame chart so not expecting it to get here 94.19 in a hurry if it does at all.

    Will be watching daily, 4hr and 1 hr charts to keep check on clues for when to cover this longer term trade if it approches these levels. I'm trying for 650 pip short here. Just put it on and monitor while trading the shorter time frames.

    Naturally there will be plenty of shorter term long and short trading oportunities along this longer term road.

    Monthly is still in up trend and this 94 level can be reached with monthly still staying in up trend providing the monthly doesent Close in this lower range, al least using the rule I follow. Of course this will be Feb or March to complete this trade at earliest unless it really falls out of bed.
 
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