Thursday, June 3, 2010

Chart Update


Thats an update for the previous chart with new levels as the up move went a bit furthur than i expected , i was expecting a maximum of 8485 but it went just around 20 pips to the upside , i m stalking a good clear correction wave down to jump in to the long side again , i see the 2 possible levels for the bounce up starts at 8460 but i ll be looking closely at 8440-50 then 8410-20 to setup on the long side ,,
i ll be very cautious proceeding with this trades as i dont wanna hold unsecured position in to tomorrows NFEC , i expect a consolidation starting assian session going throught the european session tomorrow before a break out on the report release .
i might have closed our long position on the AUD.USD earlier today a bit early than i wanted to , but cause i have only half position and i didnt have the flexability of having multi positions so that i can cut partial profits ,,, and cause i wanted to cover the month loss ,, i closed it 30 or 40 pips earlier ,

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