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Old 01-22-2009, 01:58 PM
FibMaster FibMaster is offline
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Default AUD, possible short.
See 60-minute down-channel. A break down on 5 mins chart would signal a possible move down towards the bottom of the 60-min channel. Chart attached.

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Last edited by FibMaster; 01-26-2009 at 09:48 AM.
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Old 01-23-2009, 11:45 PM
toyogo00 toyogo00 is offline
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Hi Neal,

Based on your fib study, the AUDUSD is resisted @0.6590, when trsi for 4 hourly, 1hourly crossed down at 22:00 EST. There is a good setup for shorting this pair. (see chart)

At 23:00 EST, enter short @1.6540, SL @1.6590 and target at the channel low - @1.6450.

At 5:15 EST, exit @1.6440 for +100pips profit.

Regards,
Toyogo
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  #3  
Old 01-24-2009, 04:08 AM
FibMaster FibMaster is offline
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Good eye Toyo!

That's exactly how it works.

If anyone wants to get charts like this in email every day, join here;
http://www.dailyforexcharts.com

.
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Learn to trade with Fibonacci;
http://tinyurl.com/dlzlfq

The best FOREX trade setups;
http://tinyurl.com/c2ktb8
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