AUDUSD Break Eve,
With the failed rally that hit a break eve point between our last two wires (see below) when AU employment report was delivered to result 6%, its highest in 4 months, the currency tumbles as the increase in the unemployment rate versus decrease in full time employment construe a stab in the back.
The break eve comes from the following wires:
One Way Ticket Wire [Thu, Jul 3 2014, 08:00 GMT] resulted in 90 pips loss
Not Out of the Wood [Mon, Jul 7 2014, 05:18 GMT] resulted in 90 pips profit when market released the employment report today, as target was open.
Right now, we plan reversing the currency on any shallow rally towards 0.9415 for 0.9335 and maintain a stop once a close above Asia high is triggered.
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
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