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