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AUDUSD – Possible long signal

If the AUDUSD manages to close around the opening Price of the previous hourly candlestick, we could go long:

AUDUSD

AUDUSD

The interpretation of the signal would be: the AUDUSD is trading in a bullish market condition in the long term charts. When we take a look at the short term charts, we see that it is currently trading at an important level, it will be significant if it closes where we previously mentioned and at the same time it will have upward pressure.

Remember, the current hourly candlestick in the AUDUSD must close around the opening price of the previous one.

Trade Safe!

Raul Lopez
http://www.straightforex.com/

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This entry was posted on Wednesday, August 18th, 2010 at 3:14 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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