3 potential setups today on the AshFX System

Today could be a good day for the AshFX V2 system. We have a few potential trades which I am interested in:

- GBP/JPY

- CHF/JPY

- AUD/USD

GBP/JPY - If you look at yesterdays candle, you'll see how long it is. However, this is not atypical of this pair, so we needn't worry too much. Usually when trading GBP/JPY expect to have a large stop loss, because of it's Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and general range. Remember that it doesn't matter too much how big your Stop Loss is with this system, as long as it equates to how much you are prepared to risk (further explained at the forum).

CHF/JPY - This is only the second AC we're on, an indication of further downwards movement, and also the Stochs haven't delved deep into the lower half as of yet.

AUD/USD - The previous candle was bullish, indicating some choppiness, however, if you look at it's upper wick, it's actually longer than the main body of the candle itself, implying the possibility of a downtrend, which has been confirmed today.

So something to keep in mind, but we'll take a look at these potentialities towards the end of the day over at the system's thread:

https://forexmoments.com/forums/systems/144-ashfx-system-version-ii-165.html#post3948

AshFX