Jul 18th 2007

Hello Forex Fans!

Well, I see our EUR/CHF trade never came to pass……..yet! LOL

While I have been getting more familiar with this new system, I have been finding more versatile ways to use it. Tonight, Im back at eyeing up the AUD/NZD.

As you can see on the chart below, the A/N is hitting the top of the channel. The top is also the 23.6 fib line. The adx line is also heading down from the previous long.
For two days now it hasnt been able to crack it cleanly. So, my call tonight, AUD/NZD short.

Im short on AUD/NZD @ 1.1065
SL @ 1.1100

TP @ 1.0990

Good Luck!
Humpty

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