Wednesday, 21 March 2012

Trade Idea AUDUSD - Long 1.0445

It's possible AUDUSD will find support at 1.0445 on the H4 bat/H1 butterfly/IQM combination. The pattern just hit on the S&P open after a nice little stop run.

I don't have enough to justify a trade at this point, as both daily and weekly 3SMA's are clearly down, but I'll be interested to see the outcome.