Wednesday, April 09, 2014

Intraday trading and long term trading analysis have three phases



**As I told everybody earlier that trading has three phases Culmination, young trend and mature trend and Australian dollar might be a start of culmination process as background telling you that everything is clear for further gains..

** Perhaps it could be too early too speak, but only time will tell and If my assumption is true 0.9390 could protect every rally or you can enter after test and strong rejection candles with momentum could be right way to approach.

**Amongst all the majors Only OZ is the one pair which path is clear and fundamentals are also supporting.

* Would update the next analysis soon and everything is mentioned on the chart and you can ask if any question in your mind.

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