TRADING FOREX MARKET
The fact is that pattern exist is evidence of price manipulation, which in turn creates predictability that produces profitability for those who can see the patterns.
Greggory L. Morris
Friday, May 21, 2010
AUD/USD (+142)
Aussie unable to break above RSI or above 50 Simple Moving Average is giving signs again that another round of AUD selling is on it's way. Dow Jones and S&P are indicating negative opening what is going in a favor of selling Aussie against USD. Stops should be placed just above recent highs and targets should start at bellow 0.8160.
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