SaxoTV

Coleman: AUDUSD at 14 week highs

391 views
April 30, 2015 asia, aud, aud 2014, aud strength, aud usd, aud weakness, auda, audaud, audeur, audgbp, audjpy, audnzd, audparity, audusd, audusd 2014, audusd bear, audusd bearish, audusd bull, audusd buying, audusd currency, audusd forex, audusd nonfarm payroll data, audusd short, audusd small, audusd support levels, audusd weakness, fed meeting, federal reserve, foreign exchange, foreign exchange market, foreign exchange strategy, forex, forex 2014, forex 2014 outlook, forex buying, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forextrading, fx, fx audusd, fx award, fx awardfx, fx cable, fx changes, fx changes', fx chart, fx crosses, fx dealing, fx dollar swiss, fx eurgbp, fx eurjpy, fx europe, fx eurusd, fx exchange, fx forex, fx gbpusd, fx interbank markets, fx investing, fx john hardy, fx levels, fx market, fx markets, fx markets', fx marlets, fx news, fx options, fx outlook, fx pairs, fx pound, fx rates, fx regulation, fx saxo bank, fx spot, fx sterling dollar, fx strategy, fx trade, fx trade exports, fx trade idea, fx trade idea q2, fx traders, fx tradersfx, fx trades, fx trades', fx trading, fx tradinging, fx trend, fx trends, fx usd, fx usdcad, fx usdchf, fx usdjpy, fx volatility, fx volatitily, fx vols, fx yen, fxallocationmodel, fxforex, fxfx, fxfxfotrex, fxfxfx, fxmarkets, fxmonthly, fxmonthly', fxoptions, fxoptions', fxoptions', fxspot, fxtrade, saxo tv, sud, sudan, tradingfloor.com, usd, usd eur, usd index, usd jpy, usd strength, usdaud, usdcad, usdcad trading, usdchf, usdchf bullish, usdeur, usdgbp, usdjpy, usdjpy currency, usdrub
Ian Coleman is trading AUDUSD after bullish action saw the pair at its highest level in 14 weeks. 

Over-bought extremes have formed a Doji style candle at the high on the daily chart and Ian now expects a bearish head and shoulders on the intraday chart.  
His strategy is to sell into gains - the right shoulder of the pattern.

Sell: at 0.8022
Stop: 0.8052
Targets: 0.7905  0.7880