19 September 2012

Today's trade setup - AUDCHF and still EURAUD, EURCAD,

Morning folks!

After a great Arsenal result here's some potentials I'm looking at:

EURAUD/EURCAD - already in off the daily bar setups, however, once and if starts trending in our favour will look to capitalise intra-day as could be a long phase 1

AUDCHF - annotations are on the chart below but we have a low test bar/hammer false breakout, 3rd touch trend line from August 2011 lows, 61.8% Fibonacci retracement, RSI/Stochs diverging. There are various ways to enter this trade - off the daily low test bar, off the intra-day higher high and higher lows, etc....follow your rules!



Happy trading!

1 comment:

  1. Thanks for taking the time to share your trades set ups & your knowledge. They are really useful and beneficial especially the explanation on the charts. :)

    ReplyDelete