As mentioned this morning I have been looking to get a short position on my book on this pair.
The averages have now crossed to the down side and I am looking to enter short on the pull back.
If the stochastic is in the overbought zone when price retraces to the 50%fib level I will have an order to open the position.
Charts and levels are below.
Entry: 1.0545
Stop: 10575
Target: 1.0395
Kiwi / USD
The averages have now crossed to the down side and I am looking to enter short on the pull back.
If the stochastic is in the overbought zone when price retraces to the 50%fib level I will have an order to open the position.
Charts and levels below.
Entry: 0.8205
Stop: 0.8240
Target: 0.8030
Aussie / CAD
Aussie Cad has been in a down trend since the end of February 2012.
Price has retrace to 61.8% of the last big moved down and the shorter term averages have crossed back down in the direction of the main trend.
I am looking to enter short with the trend on a pull back to the the short term averages and the 50% fib level
Chart and levels below
Entry: 1.0450
Stop: 1.0480
Target: 1.0350
I will update later today when the trades are triggered and again when I move the stop loss.
Regards
Scott
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