EURAUD and AUDCHF Swing Trades

>> Jan 9, 2013

Yesterday I enter 2 trades shown below based on swing trading rules. Both trades are profitable. This is essentially Trend Following trading using price action to enter trades.

EURAUD H4 chart below. Prices on a downtrend. Wait for retracement and enter after confirmation of 2 red bearish candles. These are strong bearish candles with strong momentum. About 45 pips in profit.



EURAUD H4 chart one day later. Close the trade for a good profit. Siple swing trading works.


AUDCHF H4 chart below. Prices on uptrend. Look for temporary reversal of prices. Enter after the engulfing candle. About 40+ pips in profit now.


AUDCHF H4 chart one day later shown below.



Follow the trend using the 30 and 50 EMAs (green and red lines respectively) and use price action to determine the entry. Simple swing trading strategy. Look at the way the candles react and being full bodied candles represent good momentum back in the direction of the main trend.

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