15min
AUDCAD 15m SELLI'm setting and forgetting an entry on a supply zone very high on the curve that is already in a down trend. The leg out wasn't explosive but it did leave a 2:1 from entry. The relative strength has the CAD at the strongest on both the DAILY and HOURLY charts, while the AUD is either the weakest or second to weakest on both time frames. There is a demand zone there, waiting, and if it shows confirmation of a reversal then I will close there. But if it doesn't hold, expect at least a 5:1 RR.
USDJPY #Forex #ForexTrader #ForexTrading #ForexChartUSDJPY - shorts or longs on 15min take your pick
I'm more inclined to go short due to higher TF's still being bearish, but with US trade talks looking positive and JPY seeming to weaken last week it could turn the tables
Lets see
Any questions drop me a message or a comment im happy to help
Ben
#PipGainFX
audusd short setupDaily chat is showing descending channel being made. Going on a lower timeframe, price respected resistance zone 3 times which is a triple top at best. Going on the 15min for entry, I see price also made a rising wedge + 3 minor triple tops as well so this has me believing that price will go lower.
USDCHF BUY LONG DEMAND ZONEZone on zone on the 15 min. Price will reach 0.98820, may go deeper for the second zone, then rally. I combined the zones. I'm going for a 1:1, since this is a countertrend that just started for the lower time frames but if price gets through the Supply Zone, where my first target is at (T1.), then I don't see anything stopping it from reaching my second target (T2.).