marc1610

marc1610

The AUS200 has broken above a previous resistance area and looks to be slowing down and should pull back to re-test that resistance area, thus giving a nice little short opportunity. Also the S&P500 appears to have bounced off a channel which also adds to the likelihood of the AUS200 retracing for a little while.

marc1610

The Euro has bounced off a strong support structure and gave an engulfing buy signal. Next resistance area being approx 1.37886 giving 1:1 RR (144 pips).