Once I see the market close ABOVE the GREEN trend line I will enter in the market buying. Stop will go -10 pips below A-(87.224) . Limit will be at Daily D-(97.720) . We see that market has already broken, and tested the BLUE down trend line. Happy Trading! :)
The AUD/JPY Monthly time frame is in a large sideways movement. The market created a down ABCD swing from resistance towards support with a D extension price point 69.10 about +1,740 Pips bearish. The market is at a high price hitting a future resistance and showing great bearish signs. I'm sowing you on the Daily time frame where I plan to enter, because it...
We see that EUR/AUD is touching the trend line on the daily chart, but that's not enough for me to sell just yet. So, I'm waiting for this daily candle to close with a wick touching the trend line, then once I see the daily candle close BEARISH Below the (red) counter trend line then I'll start looking for sell opportunities on the one hour chart for a better R:R....
Waiting for NZD/USD to break this Bullish trend line, and to test the backside of it. Entry would be right about (0.7275) I would place my STOP at (0.7325). My Take Profit will go all the way to (0.7068). Giving us about a -50 pip risk, but an award 4x the risk just around +200 pips! Follow the rules, and happy trading!
Looking to short AUD/JPY ONLY when, and if I see a counter trend line break BELOW BEARISH (orange line). We see that it has already done a fake breakout, and formed a double top so I'm pretty sure it will drop soon. STOP will go -10 pips above high of U-TURN (85.175). TAKE PROFIT at price point (83.735). Giving us a solid 3:1 R:R, also at both past support and...
Looking to buy EUR/AUD AFTER I see this counter trend line break BULLISH. My Take Profit is at 1.42262, and my Stop Loss will be at 1.28506. Happy Trading!
