Nima Azadi's  Instablog

Nima Azadi
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Nima Azadi has been engaging in financial markets for over 10 years. His experiences vary from investing and trading in the Tehran Stock Exchange (TSE) and Foreign Exchange Markets to mentoring and consulting on the technical aspects of financial analysis. He is frequently quoted in the Iranian... More
My book:
Duel with the Trend
  • AUD/USD Outlook 0 comments
    Sep 10, 2013 8:47 AM | about stocks: FXA

    In our previous analysis, we predicted the rally based on harmonic patterns and those who followed our advice made a nice profit of about 300 pips in less than a week.

    Now, the price has come to the target area a day sooner than expected and taking into account the strong resistance, if the Aussie is not able to break the resistance until tomorrow, we will be thinking of shorting it. The longs should be offset and we will seek an opportunity to sell the Aussire short.

    (click to enlarge)

    Stocks: FXA
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