Wait for the market to show its hand... 4hr pinbar possible setup in 20 mins
Shorting opportunities likely. USD strength : Debate over budget deal = U.S bill reached already passed in the house (will go through senate nxt week.) Govt shutdown in future unlikely and fed may favor tapering. AUS Dollar weakening: Reserve Bank of Australia suggested a reach .85 cents... Currently @ .89 cents (www.news.com.au Will place stops above...
Rising wedge. Momentum weakening Buyers weakening and sellers taking control to move P.A to nearest M.A
**** Risk is 8 pips, not 88 pips ***** R:R >1 -In line with 4 hr bearish candle