AUD/USD with L.Vereshchagin (Nov. 28)
AUDUSD technical analysis 28.11.2013
Chart 1. AUDUSD (D1).
The main trading idea can be seen from the daily chart: SELL from the top of the bearish channel. Note that the "head-and-shoulders" pattern has started to work out and shows there is more room for the bears. This is another reason to pay atterntion to the other commodity currency - NZD/USD.
Chart 2. AUDUSD (H4).
Find more details on the H4 chart.
Chart 3. AUDUSD (H1).
H1 trade signal:
SELL at 0.9134-0.9150
Stop Loss: 0.9214
Take Profit: 0.9076
Technical analysis by Leonid Vereshchagin
Independant FX trader, coach and analyst