Futures Trading Guide

Carry Trade For Newbies Part 2 (Daily chart update)

aussie usd

The daily chart for aud/usd shows a retrace occuring. Look to buy it at the bottom of the channel/trendline for another test of the upper trendline resistance. Rejection with confirmation gives us a low risk/high reward. I see +200 pips to + 500 pips possible.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Facebook
  • Reddit
  • StumbleUpon



Copyright 2007 Forexpm.com
Want to learn about stocks? check out Learn to trade stocks
Sedo - Buy and Sell Domain Names and Websitesproject info: forexpm.comStatistics for project forexpm.cometracker® web controlling instead of log file analysis