Friday, July 6, 2012

1st Week July 2012 AUD/USD & NZD/USD Weekly Bearish Pinbar

The weekly pinbar on the AUD/USD and NZD/USD weekly chart seems to be at a good area but not too perfect. When zoomed into the daily chart, price has yet to break the shorter term ascending trendline. Will it break the trendline next week? Will it be a fail bearish pinbar? I still have a touch trade to go long on the NZD/USD going on. Might close that trade and take a short trade on the AUD/USD or NZD/USD. We'll see.


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