rejecting support again trend line looks to have broke and been re tested AUD index to have have just completed a 0.78 re trace #200 day ema target
the last set up i have for this week either looking for a bounce off the fib levels or a bounce off the lower structure/double bottom area 200 day ema target 50 day ema got rejected yesterday i'll add this week's post's bellow
break even now new's shot price into profit off the double bottom entry post bellow
after yesterdays post we saw the 1850 mark break even and taken some profits before tonight's new's
crazy R:R if we double bottom here still look through the market for NZD strength trades 200 day ema target + added my NZD index and trades around the NZD so far
look's like we've double topped now short nice divergence on the mac d 200 day ema target Wait for minor trend line to break for less risk i'll add my nzd index at the bottom and eur/nzd
still looking for 1850 before i enter sell's this correction should get between the 0.78 and the top of the channel the SL'S will be 1865-1870
simple set up 200 day ema is 200 pips away from current position will be my break even and first tp 1.7 SL just above yesterdays high
it could be time to start looking for NZD strength eur/nzd nzd/chf i'm currently in gbp/nzd could drop from current position or push a little higher
similar set up tp chf/jpy this pair may even break down from current position but pefrect entry for me is highlighted yellow
i entered buys yesterday on this pair currently break even i will be looking to get in again on the re test of this channel we've been in markets may just move sideway until after christmas
i went short on this pair this morning I'm not always at the pc for entries we had a bit of an impulse move down through November with a re trace in december stop's are just above the flag pattern 200 day ema target
running 70 pip+ putting it to break even as i may not be on again until tomorrow night 🤙 GBP/USD broke it's flag on the 1 hour chart should be a nice move up today
we got the expected move down last week , currently re tracing for another move down pay attention to price action after the 0.61 fib i'll be adding more sells on the right price action 👍
50 day ema held with a re test of structure try to aim for that last high back in aug once above the 200 i'll be BE on trades
we are finally breaking this down trend first target marked im now BE and going to ride
still going long on this pair with stop just bellow the channel half way target at the 50 day ema
gone short on this pair got a structure level with the 50 + 200 day ema's 0.7100 target