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Good Potential Short on AUS200!! with good Risk Reward
AUS200
, 240
Short
AUS200: Good Potential Short on AUS200!! with good Risk Reward

The AUS200 has broken above a previous resistance area and looks to be slowing down and should pull back to re-test that resistance area, thus giving a nice little short opportunity. Also the S&P500 appears to have bounced off a channel which also adds to the likelihood of the AUS200 retracing for a little while.

EURO BOUNCES OFF STRONG SUPPORT AREA
EURUSD
, D
Long
EURUSD: EURO BOUNCES OFF STRONG SUPPORT AREA

The Euro has bounced off a strong support structure and gave an engulfing buy signal. Next resistance area being approx 1.37886 giving 1:1 RR (144 pips).

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