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
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.
For further discussion on currency setups, visit our forum.
Ok, so today we have the following setups:
- Buy AUD/NZD
- Buy EUR/AUD
- Sell GBP/JPY
- 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.
For further discussion on currency setups, visit our forum.