AUDUSD

im long on this from a first attempt basis of major support.(9405)
i forgot to mention this last night.
Ive got a 40 point stop on this.

dl.dropboxusercontent.com/u/4899609/audusd10thjune.png

This could be forming a 123 low???
This is clearly in a down trend as you can see the peaks getting lower and lower.You should also be able to see that there has not been any 123 low breakouts. So when a 123 low does come it adds to the signal
so the level to watch is 0.9344 so about a 100 points away from now.
Obviously the price could still go down furthur.
Ive put this chart up so as you could see what i look for.
So keep an eye out on this.
ive been trading this pair a few times now. The last trade worked out perfectly
if your greedy then you wont win...Take profits when they come




dl.dropboxusercontent.com/u/4899609/audusd28yhjune.png