FOREX DAILY TRADING SIGNALS

FOREX DAILY TRADING SIGNALS
FOREX DAILY TRADING SIGNALS

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Wednesday, March 18, 2009

FOREX TRADING SIGNALS FOR 18TH MARCH, 2009

SELL OR BUY ANY OF THE UNDERLISTED CURRENCIES FROM 3PM/14GMT
TIMEFRAME IS 4HOUR

FOREX SIGNALS:

SELL USDCHF 
SELL GBPUSD  
BUY   EURAUD 
SELL CADCHF
SELL AUDCHF
SELL GBPAUD


Take Profit is from +100pips upwards and fix stoploss at -80pips
Or leave position open for several days till RSI of the 4hour chart of the particular currency crosses back to above or below 50


We are going to be selling the above currencies since they have broken under the support of a major triangle formation after being in a consolidation for several days/hours. Secondly, the RSI in both the daily chart and the 4hour chart are all below 50


We are going to be buying the above currencies since they have broken upwards outside the resistance of a major triangle formation after being in a consolidation for several days/hours. Secondly, the RSI in both the daily chart and the 4hour chart are all above 50

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