Tuesday, February 5, 2013

AUDUSD HAS DOUBLE TOP PATTERN



AUDUSD has formed double top pattern ( A & B are two tops)

and pair has developed bearish emgulfing pattern below 50SMA 
So pair has entered in negative zone 

if pair breaks neckline @1.034 then it will be targeting towards 1.0140 & 1.01

Recommendation

AUDUSD Sell @ 1.0360 Stop loss @ 1.0460   Target @1.0140 & 1.010

Please trade with proper risk management plan with hedging 







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