care for a long?

Posted by admin on January 9, 2008 Leave a comment (0) Go to comments

AUDUSD

Australia’s retail sales rose a seasonally adjusted 0.8 percent in November from October to 20.1 billion Australian dollars, the Australian Bureau of Statistics said Wednesday.

The market’s consensus forecast was for an increase of 0.5 percent.

Considering the strong data from Australia today, it would not be a surprise to see November’s trade data come out strong as well tomorrow. Following that report we will be looking for a break above the .8900 resistance level. This may be a great new opportunity for long positions.

attached is my Daily graph

here is my sidusM30.

watch the graph trend. it indicates a bearish trend. for scalpers, you may get some pips here by looking at the trend and stoch.
but my advise is to wait..wait for the stoch to bounce back and the graph trend moving upwards.
tomorrow trade balance news is worth of waiting.

Scridb filter