Tuesday, December 6, 2011
GBP AUD missed by 3 pips!
I saw a support line forming around 1.5209 which was also near the 78 fib retracement and possibly a 23% on an smaller move.
I also found a slim divergence on the AO by about 20 points.
I knew it was a tight stop, thinking the support line would hold or it wouldn't - but I think support lines are a bit more fuzzy
The GB PMI came out positive and there was a very short spike at 22:28 but by 22:30 it was back to normal and started to go down.
I was thinking the PMI might pull it up, but it didn't, so I left it - I could've/should've closed out for a couple of pips loss but went to bed instead.
AB was anticipating low AU Bank numbers and for the AUDUSD to drop (and it did for 2 hours but returned in 7), which was probably the cause for my failed trade to go 1:2
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