alphatrader
Long

25 pip risk for 75 pip gain - i'll take 3 of those please!

FX:AUDCHF   Australian Dollar/Swiss Franc
24 0 2
I outlined this set up 12 hrs ago however it was on the 15 min chart and it never materialized by end of day and the 4 hr             pin bar has displayed it's self so the 4 hr             chart it is.

So it is in line with current daily trend.

We are at the 50% fib level off last impulse wave on 4 hr             chart.

Pin bar to the upside.

Now don't be greedy I would look at getting out AT THE 83000 LEVEL.

On the weekly chart the 83000 area is the 50% fib retrace level. So prob
some strong reaction like prior.

The main reason I like this senerio is the risk reward is good, risk approx
25 pips for approx 75 pips gain should this work out.

Happy trading :-)



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