**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.
Blog is about Forex Trading for beginners. . Build forex trading strategies and make a living with Forex Trading.supply and demand price action, supply and demand zones, Price Action Techniques & learn to trade like banks and institutions
Wednesday, April 09, 2014
Intraday trading and long term trading analysis have three phases
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