Will monitor around entry points for bullish reversal/candle patterns. Strong & continuous bear rally so could very possibly break through support levels.
Price should be highly oversold by the time it hits key support levels
Will keep an eye on MACD & check for any fundamentals would affect trading on this pair.
RSI overbought @ 78%
Price has just broken through a big resistance level with another resistance level approaching @ 1.310
Will be looking out for bearish reversal around this level.
Will monitor for bearish candle formation & MACD crossover
No fundamentals on either pair on Monday
Considering the strong bullish rally this pair has had last week - There's a...
1) Price testing historic resistance
2) Double top forming
3) RSI Oversold @ 83%
4) MACD showing crossover/sell signal
5) EU Retail sales release tomorrow @10am - Forecast is -1.6% so could potentially weaken the EURO
Awaiting bearish candlestick formation before entering
Monitor around entry points for
1)MACD crossovers
2)RSI levels
3)Bearish candlestick patterns
4)Potential fundamentals/news
Could potentially enter long position now with:
SL around 70.204
TP around 72.415
Then sell again once above checklist confirmed
Why?
MACD just crossed over w/ buy signal
RSI Level around 38%
Has just hit bottom of trend line/big support level
AUD/CHF - Long position
Monitor on Monday morning for potential long position
RSI - oversold at 30%
Resistance hit x4 times
Entry point 1 - Current price, enter if bullish candles form @ market open/early trading
TP between 0.65915 & 0.66150
SL @ 0.64422
109 Pips
Entry Point 2 - 0.6442 (support) Long position - RSI will be at 25%
TP @ .065909
SL @ 0.64417
149 pips
