11021992
EURJPY: Buy stop above current market priceHey traders,
On the EURJPY I'm looking to enter long above the recent high. My buy stop is about 25 pips above that. With the stop loss below the 61.8% Fib retracement we should be alright. This does mean that we will have a huge stop loss, so keep that in mind.
Cheers
AUDCAD: Waiting for the trendline to breakHey traders,
On the AUDCAD we are touching this trendline again, just like we did on Friday. Looking at the length of the last few candles, it seems very possible that we will break through. I want to wait for a daily candle to close above the trendline before entering.
Cheers
USDCHF: Selling the breakoutHey traders,
On the USDCHF it looks like we might be breaking through this trendline on the daily timeframe. Yesterday we made a double top after reaching the top from last week. So if we break the trendline, it is likely that we will see a swift in trend direction.
Cheers
AUDJPY: Bullish idea after the breakoutHey traders,
On the AUDJPY we can see that price has broken to the upside, after touching the 61.8% Fibonacci retracement on the bigger timeframe, which I have marked in grey for you.
Now waiting for a retracement on the lower timeframe, looking for the 61.8% here as well; market this one in purple for you.
Cheers