Wednesday, June 29, 2011

AUD/CHF

Yesterday:

I went long AUD/CHF due to bullish falling wedge setup. There is a gap support at 0.8640 and placed stop at return line 0.8600. Target 0.9300, triple convergence between wedge measuring move, falling trendline and horizontal resistance. Good odds for risk-reward.

Today:




I'm posting my thoughts on the market here due to restrictions on company email policy.

Good luck!

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