Popular
EURJPY Short SetupTrend: Bullish (although breakout has occurred)
structure: Trend line and Channel breakout and retest
Plan: Price has broken out of a flag pattern/parallel channel, we now see a retest and rejection of the lower channel bound.
The expectation is price will retest and move towards previous low.
AUDUSD Long SetupTrend: Ranging
Structure: support and resistance / Zone
We have identified a buy zone test multiple times on the 4HR time frame.
We now see price has once again respected this zone, however the stochastic on the one hour timeframe is at 90 so we look for a small pullback for a long entry.
AUD NZD Long Set UpTrend: ranging
Structure: Descending wedge.
Plan: We have identified a strong lower resistance level that has been tested and respected four times over the last month.
We now look to take a long after the latest bounce to the 0.5 fib level. Those who are aggressive traders could set TP at the upper trend line.
AUDUSD Long SetupTrend: Ranging
structure: Flag pattern / support and resistance
Plan: We have identified a flag pattern / a horizontal support and resistance zone.
Inside this we observe a potential downward trend. upon breakout we would enter to the upside. Alternatively it has respected lower bound and the trade is active.
GBPUSD Short SetupTrend: Bearish (short term)
Structure: Parallel channel
Plan: We look for price to either breakout, retest, and then move higher. However the more likely scenario being, we look for price to respect the upper parallel channel line and move back to the previous low.
Again we await price action and MACD/Stochastic confirmation before entry.