I'm already short AUD/USD, but not because of a Fozzy-style signal on the Daily chart. However, the Fozzy cross on Friday confirms my early entry and reinforces staying in the trade..............8675 is my final target price!
Is anyone still using the Fozzy method? (also known as 8and8).
If so, how is it working for you?
Have you made an tweaks or changes?
Do you find it works better on some pairs than others, and if so which ones.
Thanks in advance.
I posted this on another thread, but I'm re-directed here...and it looks like a few of you are still using Fozzy.
What tweaks have you made?
What pairs do you use it on?
I suspect that this pair is one that not many of us trade, probably due to its almost tortoise like movement.
However for those that took the recent short trade I have attached charts with my own analysis.
My key levels are 0.7635 on the hrly and 0.7581 on the 4H and daily.