Break out, Pull back, Buy.

H4 Chart

Ausie has been batteling to gain grounds over the greenback over the last few weeks, Although price hasn't broken the 0.76420 level in the last few weeks, my bias on the weak greenback, and strong gold price forecast is motivation for this trade. Stochastic shows that price is bullish, and will look for opportunity to go long on this pair at market open.

Source: MT4

H1 Chart

This pair has been ranging for a few weeks, 21 and 55EMA's have just crossed and facing upwards, Indicating bullishness, MPP did not seem to feature as strong resistance. I am looking to go long at Psychological level 0.76000 and holding it for the month.

Source: MT4

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