Sunday, October 25, 2009

A couple of ideas from currencies....

One of our favorite proxy for market (AUDUSD) has just filled its gap and reaching resistance levels. Notice also the rising wedge. Overall a nice bearish setup.












Maybe one of the most bullish FX main pair recently. Now ready for a retracement IMO.










You may recall this old post where we presented the RSI setup. It has worked very nicely ever since.