Risk Warning: Trading Forex is inherently risky. This is not a
trade alert service and should not be taken as advice to enter or exit a
trade. It is simply a narrative of what Straight Talk Traders are
watching for, which may or may not happen. What is posted here may or
may not develop into legitimate setups on Straight Talk Trading's
Complete Response Trading System's specific entry and exit rules, which
are only accessible by STT clients.
The Trade: STT Shatterbounce AUDUSD hourly setup. Wait a few hours into the trading
day until hourly AUDUSD makes a divergence (continuation or reversal) within the support zone marked. Pay particular attention to the support line at 1.0536.
Direction: Long
Reason: On multiple timeframes, price is at a level of either price
continuation of trend or a temporary trend breakdown. For that reason,
it should provide a decent intraday trade.
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