Tuesday, July 17, 2012

Aud/Usd position Update...

out of trade with -60pips... but bearish pattern still holds.
was too hasty perhaps. should have known better, broke my own trade rule...
never hold a position ahead of key Event Risk.

Fundamental Risks Ahead
standing aside as volatility kicks in, market maintains a bullish stance ahead a Bernanke's Speech.
am still maintaining my Bearish Outlook though. Focus is still on whether we get QE3 or not...
will look to sell higher after confirming technicals.

back to hunting mode...

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