Forexpositive
AUDUSD scenario #1. Short if bounce up from 0.9200 supportScenario #1 if AUDUSD bounce up from 0.9200 support
AUDUSD short on rally
Strong support zone at 0.9200. If 0.9200 support level holds, and AUDUSD rallies upward to 0.9330-40, look to enter short positions here. 0.9330-40 is a resistance zone & 61.8% FIB retracement.
Short 0.9330-40
SL 40-50pips
TP 0.9200
EURUSD sell on rallies modeWith ECB most likely doing a rate cut & negative deposit rate in June, it is sell rallies mode until the next ECB meeting in June.
Sell EURUSD at red resistance zone 1.3650-70. Target profits at green support zone 1.3500 & 1.3300.
Short EURUSD 1.3650-70
SL above 1.3700
TP1 1.3500
TP2 1.3300