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Tuesday, 30 December 2008

Aussie Swissy

Good evening Dynamic Traders ,

Tonight I am looking at the AUDCHF.

Although it has been in a downtrend since November 07 , i am waiting for a move up as at present it stands at a possible 123786. It does have confluences on different timeframes but I am going to wait for better confirmation on this one as there is the possibility of further downward movement yet to come , therefore I shall wait and use my ESLT on this one rather than be aggressive.

Please note also , the former support at the figure , and the OS stochastic .

















Happy trading,

Clayton Farnworth.

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