Short

Short AU based on bearflag break

Updated

break of bear flag on 4hr
target 0.69157
stops above the flag at 0.7080

Note

expect some resistance at .70230 (previous support level). we may see a bounce to test the bottom of the flag.
if the level gets broken and held I will add to my shorts.

Note

that reaction to the expected resistance was definitely there and the bounce was strong and came close to my stops. still short at the moment

Note

ok, so that really good number for Oz employment data threw a bit of a spanner in this one and I got stopped out. looking to see how reaction is at the 0.7150 levels to possible re-enter

mcpeacocks

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