Tuesday 21 February 2012

Where's the Trade? AUDUSD 0.58 am London 22/2/12

Risk Warning: Trading Forex is inherently risky. This is not a trade alert service and should not be taken as advice to enter or exit a trade. It is simply a narrative of what Straight Talk Traders are watching for, which may or may not happen. What is posted here may or may not develop into legitimate setups on Straight Talk Trading's Complete Response Trading System's specific entry and exit rules, which are only accessible by STT clients.

The Trade: STT Perfect Storm AUDUSD 1H setup. AUDUSD has a Perfect Storm setup on the hourly charts, which has been taken.
 
Direction: Long

Reason: On multiple timeframes, price is a key shatterpoint level and is likely to reverse or at least hesitate.




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