AshFX V2 Daily Setups : 28 Oct 09

Ok, so today we have the following setups: – Buy AUD/NZD – Buy EUR/AUD – Sell GBP/JPY – Sell AUD/CAD

Ok, so today we have the following setups:

– Buy AUD/NZD

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– Buy EUR/AUD

– Sell GBP/JPY

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– Sell AUD/CAD

Personally I wouldn’t advise trading taking the first two. AUD/NZD’s candle is too long. EUR/AUD’s Stochastics are too choppy, plus candle too long.

As for short GBP/JPY and short AUD/CAD, these two look like much better setups. The problem with AUD/CAD is its indecision due to the lower wick being quite long. GBP/JPY is definitely the best setup of all, but before I enter I’m going to wait for a retracement to the fib line and then we’ll decide.

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