EURAUD breaking out of it's recent channel with a nice pullback. Longer term trend is bullish with a bullish channel breakout. Looking for previous resistance to act as first support with a bullish trend to continue in the medium term. Indicators also used to confirm over sold levels. Follow for more.
Trend: Short term bullish Structure: Horizontal resistance Plan: We see a short term bullish trend on CHF JPY. Price has pulled back to a level of support. We expected a bounce to the upside with TP at previous high. RSI/Stochastic confirmation needed before entry.
Trend: Short term bearish trend Structure: Horizontal support and upper trend line. Plan: We look for GBPUSD to make a move either to the upside and confirm a breakout before taking a long. Alternatively if GBPUSD respects upper trend we look for it to breakout of lower resistance and take a move to the downside.
Trend: Bearish Structure: Support and resistance Plan: We look for price to reject the resistance zone as seen on the chart. We await CCI and MACD confirmation before entering.
Trend: Bearish Structure: Support and resistance also parallel channel Plan: we look for price to bounce off the upper resistance band and move back down to previous support
Looking for a long position in this pair as is bounces off trending support in direction of long term trend. Conforms to RSI, Stoch and MACD. Heikin turning green...
Conforming to trend, resistance and MACD, we're looking for a short on the 4 hour chart
Looking for confirmation on the short side of this pair. Setting up for the week on the 4 hour chart, showing signs of a short on the stoch and RSI. Awaiting confirmation before entering. Open to further private message discussions.