AshFX V2 Daily Setups : 28 Oct 09

Wednesday, 28/10/2009 | 23:31 GMT by FMAdmin Someone
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.

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