Thursday, April 13, 2017

AU

AU

Yesterday or 2 days before was a bullish momentum which prior to that was consolidating within the SQV OSUS zone.

The bull moves strongly yesterday with the highest however was rejected by the LHZ level.

If based on my present trade method, i will simply focus on bull momentum towards the 0.7725 price level since OD today is above the OSUS.

But if i were to based on LHZ rejection, then it would seem a potential bearish move towards the OSUS zone.

However if i were to sell, i would do so WHEN a Trigger Reversal Wave occurs whereby a bearish candle available for a follow through.

Let us see then either

1) bullish according to my present "trade method"
2) bearish due to rejection at the LHZ.


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