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DEMand and Supply Levels

AUDUSD : Minor Resistance - 0.9341
Major Resistance - 0.9353 (Short time frame)
GBPUSD and AUDNZD are very range bound at the moment and is advisable not to trade them except for quick scalps maybe.
If the current candlestick of AUDUSD closes negatively on the 1H chart, the next target will be 0.9310.
The patterns have to change it other pairs to be able to calculate the supply and demand zones. They will be updated on the move.
Higher timeframe support and resistance will be updated soon.
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New Month

A new month has begun with a fresh new set of ideas. I normally refrain from trading on Mondays. But if I do see good trades, I'm going to jump in. For the next two-three days, I think EUR is going up, JPY down and USD up again. I will be focussing only on these currencies. Wishing everyone luck.
Cheers.
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May 2014 Trading Contest

The Next Trading Contest
This is my first participation in the Dukascopy Trading Contest. Even though I've been a member since October, I decided to stay back and hone my trading skills before participating in the contest. My analysis will be based on Macroeconomics and Elliott Wave theory combined. I spent over 4 years analyzing trading methodologies and probability scenarios. I may take some trades which have no connection to any fundamental aspect out there. It may be irrelevant to any form o…
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