Always nice when a plan comes together, the Aussie Yen trade plan from the 6th worked out beautifully but this is a new day and a new trade plan. Providing the RBA rate cut doesn’t destroy the AUS USD I broadly expect the Aussie Yen to drift higher. The 73.85 region is upside resistance and a break out and retest, or fib pullback entry off the hourly 21ema is my trade plan. If 73.85 holds and the stock market futures head lower I will look for reasons to sell the pair moving forward. Good luck and happy trading – David Pegler
FX Bootcamp
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One Response to “Pre London Outlook October 7th 2008”
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Great video!