Tuesday, December 21, 2010

AUDUSD rising to the neckline


AUDUSD had rally near the H&S trendline following the rising channel. Resistance at 0.999 up to 1.0030 (previous high). Support at 0.9916 and 0.9890.


After a bullish engulfing on a daily candle, the AUDUSD had went up to the neckline. Wait for the PA for next action.



By The Backyard Burner

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Fear of failure

Fear of failure