Posts from — October 2009

We are at a point where we might see a correction in the AUDUSD, the levels that I will be interested in are 0.89221 and 0.90347, as always use a stop and be aware that these patterns can fail. I don’t know which level will be the one it turns on so as always in trading you are in effect making an educated guess. When you are wrong your stops will save you from financial ruin.

Please see the diagram below (Click to enlarge. The diagram will open up in flickr.com, then click on the “allsizes” icon.)