AUD/CAD - For Pivots & Snipers

This is four minute chart of AUD/CAD, it is one of very few charts which are cycling beautifully for Intra-day trading like Pivots & Snipers, phase 1 is about to start.

The best way to trade this chart is to move down to hourly chart once phase 1 established, let the price action cross the moving averages in hourly chart, once price action clears from moving averages in hourly time frame, move to 5 minute chart.

Pivots: If Risk/Reward ratio is more than 1 : 1.1 then entry could be on retest of pivot line once price crosses pivot line from upside to downwards.
Sniper: Entry could be on retest of 50 EMA with 20 pips stop loss & take profit

NB: 15 minutes chart can be used as an execution chart but the best way to choose an execution time frame is look for clean cyclicity & clean bounces whichever time frame it is (5 minutes or 15 minutes).

CAD/CHF

CAD/CHF

 

This is a screen shot of 4 hours chart. The pair is tredning & making lower highs & lower lows, Linear Regression (50,1,C) is making a nice channel which shows that Phase 2 is completing supported by Stochastic (8(3),3) in overbought zone, MACD & RSI (6,C) are showing convergence.

The spread on ETX capital is about 5.5 pips which is fine for Snipers & Pivots. The pair is going in phase 1 so it will give high probable oppertunies for intra-day strategies.