100 Pips signal | AUD\USD

Discussion in 'Technical Analysis' started by ChartSecret, Jul 25, 2009.

  1. ChartSecret

    ChartSecret Master Trader

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    A Channel is present at the Austrlian\US Dollar forex pair, providing us with several profitable profit opportunities. Pattern's size is 100 pips. Beware of Support at 0.8100 level which may block bearish moves.

    Trading Signals
    Long signal when price bounces off the Support level - Target is in the opposite trendline.
    Short signal when price breaks Support and performs pullback - Target is 100 pips from breakout place.

    Source
    http://www.chartsecret.com/content/analysis-channel-pattern-100-pips-audusd
     

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