Following the bear market, this is an analysis on NZD/USD, following the bounce, this would be a good opportunity to short. - SL: 22 pips - TP: 64 pips - Ratio: 2.93
Following the bear market, this is an idea of shorting AUD/USD. It presented an opportunity to short it further down to the previous low. - SL: 24 pips - TP: 91 pips
-> Overall very bullish pair. -> Trend line tested multiple times. -> TP at previous high. -> SL below the trend line.
-> Trendline + Overall bullish. -> TP at previous high. -> SL just below demand zone and fib.
->Fib zone and overall bullish trend. -> TP at previous peak. -> SL below trendline.
-> Overall very bullish trend. -> Trend line hit and therefore going long to previous high (Next 2 fib). -> Stop Loss at previous candle wicks low.
-> Testing major fib rebound. -> TP at previous high. -> SL previous candle wicks low and below fib.
-> Hit trendline support zone. -> TP at next fib. -> Stop loss at below demand zone.
-> Hit the trend line. -> Long term bull trend. -> TP at previous high. -> SL at demand zone.
-> Overall bullish trend, currently market is adjusting. -> TP at previous high. -> SL below the trendline.
-> Trend zone + Demand zone. -> SL at next demand zone. -> TP at next supply zone.
Demand zone + Fibonacci is the reason going long. -> Stop loss placed below previous closed candle wicks. -> Take profit placed next supply zone.
-> Bullish as per trend and fib -> Stop loss at previous candle wick. -> TP at next supply zone.
Fib + Supply zone suggest a short position for USD/JPY pair. -> Stop loss placed above the supply zone in the previous closed candle wicks. -> Take profit at next demand / retrace zone.
-> Re-testing the key demand zone -> SL set below the previous candle wick and TP at next supply zone.
Going long as GBP/USD face critical fib and support line on 1H.
Testing key fib for rebound after heavy bear trend
Key Fib support, high risk as down trend is very strong.