Sunday 9 March 2014

Foreign Exchange

Now for a change of flavor.  I like to trade currencies when I am able.  Even though I cannot trade at the moment I still like to check for signals - having done so I might as well put them in here and track them.

AUDNZD
I see a shooting star rejecting nearby resistance.  I would place an entry order half way up the candle at 1.0725 with a stop at 1.0777.  I would like to see this heading into the old lows at 1.0569 giving a conservative R:R of 1:3 - let's see how it plays out.




Disclaimer
I am not a financial adviser.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

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