The Aussie Dollar Swiss Franc.

Good morning Dynamic Traders,

After some profits on the Euro yesterday I would like to bring to your attention some possible other 123/DT opportunities.
Although they include the same base currency, namely the Australian Dollar, you can analyse and decide for yourself.The ones to look at are the AUD, AUDCHF, and theAUDJPY.

I shall show the AUDCHF regarding this 123/DT setup, and as can be seen there is longer and shorter term divergences occuring with the MACD indicator, and price action is at a good figure area.
You will also notice that price action is hugging the underneath side of the now broken trendline, and whilst doing your own analysis will see that the all important fibonacci reversal area is in play too.

Other confluences can be gained from your lower timeframes and other indicators.

I do see one flaw with this setup but I am going to leave it for you to find.

A good entry technique and money management are essential as always, so await your triggers and trade in accordance with your plan, and should the trendline break to the upside and/or the previous high negate the trade and re-evaluate.

Charts courtesy of AdvancedGet.

Have a great weekend.

Clayton Farnworth.