Be a Millionaire via Forex Trading-A journey to Over 1 MILLION USD IN LESS THAN 3 YEARS: AUD/USD, A POTENTIAL SET UP FOR LONG TRADE

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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Thursday, May 27, 2010

AUD/USD, A POTENTIAL SET UP FOR LONG TRADE

Keep a close watch on the price action which breaks the upper resistance trend line near 0.8500
(AUD/USD),then the next resistance shall be 0.8650

But in view of the coming long US long Friday weekend and memorial holidays,I would not recommend you to have high exposure unless strictly necessary, ,, Light low trading positions or stay aside may be the best policy.