planing for 3 - 7 december 2012

Long Term Planing.

i am confidence to make transaction in aud/usd since it complete some of my technical and fundamental parameters to make long entry.

this is the chart. of aud/usd

W1 :

in weekly time frame i see the trend is up but the momentum doesnt strong enough to lift the price through my resistance line which is set in 1.0490. the fact now is it just consolidate in range between 1.0423 - 1.0487.

D1

if i correlate W1 and D1 timeframe, the probability of slight price is bigger since it was down in the trading date of 29 oct 2012 with big enough momentum. Although the price seems confusing for me since in trading date of 30 oct 2012,  the price show the sign it will pull back for tomorrow trades but the point is it break the support line which is set in 1.0423 and perhaps it will be the triger to extend the down phase.

COT Analysis

the cot report support my view, the commercial one is buttoming now.

Decision : i have sell aud a half of lot, if monday the price pull back to its resistance i will sell the last a half.


Short Term Planing.

Euro, Cad,Gbp