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Intraday commentary on patterns

AUDUSD Evening Star (Doji) Hourly Chart

Thu, Jul 12 2012, 05:23 GMT
by Mark De La Paz | FX Instructor

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Resistance: 1.0237 moderate/1.0283 minor/1.0322 minor

Support: 1.0198 strong/1.0152 moderate/1.0113 minor

We have a bullish bias in AUDUSD Hourly charts with prices just under a moderate resistance level. Candlesticks show a high level bearish reversal pattern Evening Star (Doji). Consider shorts at market for 1.0198 break of which should see us easing off to 1.0152. Stops should be placed above 1.0237 or the patterns high.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices

Published On Thu, Jul 12 2012, 05:24 GMT Previous entries

Mark De La Paz

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Mark's interest in financial markets has been an ongoing affair, starting from college, where he dabbled in the local equity markets with his college fund. Finishing his BA in Public Administration, Mark remained passionate about trading, and started out working in the niche brokerage business among bank traders.

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Intraday commentary on patterns

AUDUSD Evening Star (Doji) Hourly Chart

Daily Live Trading Room

Mark De La Paz

Also Read

Legal disclaimer and risk disclosure

Tracing the Debt Crisis

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