DXY H4 - Long Trade SetupDXY H4 - Resistance zone has now been turned to support after breaking and retesting. New highs required to maintain upside momentum. Trying to follow YEN and USD strength in line with market risk. For example, minor bounce on EJ (Yen relief) but soon to be reversing downside once again as EUR/LON market volume resumes.
Pips
EURAUD H1 - Long SetupEURAUD H1 - This pair tried to bounce off support yesterday, but quickly round resistance at around 1:1.3, following protocol this would have been risk free. Still flirting between that 60 pip range, markets are fairly flat at the moment, looking for something to spice up today. Not masses on the economic calendar, but hopefully we can find something that moves markets. Underlying risk, EU/UK trade, Elections, CV19, US/China trade etc.
GBPCHF H1 - Long Trade SetupGBPCHF H1 - Lower timeframe analysis on GBPCHF, double bottom on support, key support zone as indicated with the white horizontal line, this is the start of the 2 stage reversal! Those that have got the advanced course, keep an eye on this! This would effectively act as the confirmation for this setup for intraday trading.
AUDUSD H4 - Long SetupAUDUSD H4 - This pair is well underway, arguably breaking above the monthly key level and previous resistance low. at 700 price. If we can keep gaining I feel we may reject 0.71 and pullback to 0.70688 to gear up for a break or the next zone upside. Trying to tie this is with DXY support/weakness.
AUDUSD H4 - Long SetupAUDUSD H4 - Again another zone break at that monthly key level of .070688, consolidation broke upside, and then downside more significantly. Looking to find support at 0.70200 ish for possible longs up to 0.72000 again, areas of possible resistance sit at monthly key levels and previous flag consolidation
Week 10/18/2020 Gold Trading Plan, Still Playing the Short GameContinuing from last week's plan, I expect gold to drop down.
There will be some risky buy opportunities but overall the price should be headed towards the fall out area.
When market opens look for a nice spike in prices or just do a buy stop at 1895 if you want to have a lower risk.
Look at my last week trading plan on gold as well.