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Interesting place on AUDCAD for a long.

I have a strobot long trade sitting on EURJPY in a long, nice and safe.

I have an entry order as well sitting on AUDCAD as well in a long – not a robot trade.

Here’s why.

On the daily chart you’ll see the price is heading towards the bounce point on the white line. It’s diverging from the bullish daily 200 period MA which means we could be in for a move up. You’ll see how when we move towards it we tend to rally up away from it. I don’t trade between the 200 daily ma and the white weighted pivot line.

So here on the 15 minute chart you can see how close we are to the bounce point.

 

 

 

More details of STROBOT and the SignalTrader Forex trading system.

http://www.iwanttobeaforextrader.com

 

 

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