Market Winning Trade set-ups for 05/22/2015

Market Winning Trade set-ups for 05/22/2015


Currency Pair: AUDUSD
Closing Price: .7897
Entry Order: BUY stop @ 0.7913
Stop loss: 0.7880
Take profit: 0.8057

Analysis: This pair has formed a double-bottom price pattern in early April near the 0.7550 level. Since putting in a bottom this pair has thrust higher. Following a big sell-off, this pair has consolidated at current levels. A thrust above today’s inside/NR4 bar should see prices go higher.