At 7:30pm EST there is going to be a news announcement that will influence the AUDUSD. The daily is bearish with a pull back occurring at this time. THe price is right at the Tenkan Sen on the daily timeframe. We are going to trade a very short term trade with very little risk off the 30 minute. See chart below. If you are a conservative trader, do not trade lower timeframes.
For EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose
