Tuesday, 19 November 2013

EUR/USD and AUD/USD hourly chart trend channels provide levels for bearish edges

As I explained on the weekend, I am recently back from holiday, searching for short term trades to get my eye in. With the EUR/USD and AUD/USD daily charts trends newly turned down (at least to my eyes), they looked and still look to be prime candidates to watch for hourly chart bearish edges. Here are the hourly charts for those markets, and the lines/levels I am watching.

EUR/USD


AUD/USD