The AUDUSD has lost ground for the last six days following the bearish pin bar signal that we discussed in our November 27th members’ commentary, the day it formed. On Friday, price lost significant ground as the downtrend continued. There’s not much key support until down near 0.8050 / 0.8000 area and we could see price test that area in the coming days. Anyone not already short can continue to look for selling opportunities on any retraces higher in the coming days.
The USDJPY pushed higher yet again on Friday as the uptrend rolls on. We can see how nicely the pin bar fakey combo buy signal that we discussed in our December 1st members trade setups newsletter has paid off for anyone who held it all week. We expect more upside in this market and will continue watching for intraday and daily chart buy signals on any weakness.
The USDJPY pushed higher yet again on Friday as the uptrend rolls on. We can see how nicely the pin bar fakey combo buy signal that we discussed in our December 1st members trade setups newsletter has paid off for anyone who held it all week. We expect more upside in this market and will continue watching for intraday and daily chart buy signals on any weakness.
