Giuseppe Basile, CSTA/IFTA
FibStalker Trading

EURAUD following Algos positioning after news in Asian session

ANALYSIS | 01/27/2016 15:00:40 GMT

EURAUD following in the direction of Algos positioning after news during the Asian sessions - The new Daily FX Tokyo Open session trading room is up and running.

Giuseppe Basile, aka the FibStalker, introduces himself and the room and discussed the recent moves in the EURAUD and USDCAD. Both markets are moving lower. The recent setup for EURAUD came at the EU open on 26/1 and has a target at 1.5230 (and potentially lower after a bounce from there). This is a ~21 R/R move (10.75 R/R when using risk-free trades).

The USDCAD is in a corrective move lower into the next weekly participation level at 1.3770 area, where Algos could come out of the woods with new longs.

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