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Is it time now? …AUD/USD

by Gav Leave a Comment

Let’s have a look at AUD/USD again. Looking at the daily chart, are we looking forward a explosive move soon? or it is time to go back to the trading range again? Interesting. Last week, Aussie just failed to make any progress through the resistance area. :o:

Here is the ……..CHART!

[photopress:aud18feb2008daily_1.gif,full,1]

Looking into 4-hour time frame. Is that a ascending triangle? do you buy that? does it show ,’internally’ we are gaining strength to break out from the resistance? Let’s see.

Here is the ……CHART!

[photopress:aud18feb20084hour_1.gif,full,1]

And here is the overall trend score. So far, uptrend is still intact.

audusd18feb2008trend.jpg
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Filed Under: Trading Journal Tagged With: Forex Blogroll, FX, Trading Journal

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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