Nakedchartanalysis
EURGBP Short Setup Long-TermBeautiful Wyckoff Distribution Schematic 1 on the weekly timeframe, price is now creating the LPSY which will break the ice for the next drop to occur sending price on a markdown.
Nice Smart Money Sell Setup. They tricked dumb money into buying allowing them to enter sells at discounted price levels. Price has settled below the WAP where it is now creating the final LPSY of the Wyckoff pattern setting up another discounted sell entry price.
AUDCHF TRADE PLAN Fundamental
AUD
+ve talk betw US and China to ending trade war
(aud export iron n copper for china)
CHF
Downtrend continue frm KOF last release in november. -ve KOF data in dec will giv +ve impact for aud
kof.ethz.ch
Technical
straight forward chart downtrend structure already broken. looking for best level to ride if KOF release come out -ve
level
0.67634
sl
50 pips
ratio
1:4
USDCHF. Seeking a higher High, Before the bigger wave downPreviously I was looking for a sell at a lower key level of USDCHF. However this last week, it has broken a Daily Key Level. Therefore it is most likely seeking a price closer to the weekly Key Level. Therefore we can look for a short term Buy this week. very small stop loss. I will update later for the bigger wave down. That is the trade I do not want to miss if it presents itself. We will look for a buy when the market opens above the daily key level that it has broken.
AUDCAD - Short Possibly #Forex #ForexTrader #ForexTradingPrice really struggling around the 0.91 Level - Failed to close above on Thursday and on Friday.
Momentum really slowing down and we have a small ascending channel.
Waiting for a break and close below that small rising channel then will be looking for shorts right down to the 0.89 level.
Lets see how it plays out.
Any questions feel free to ask.