MRobert
Keep an eye on oil, if oil goes higher, corn will do the same.
If price will break the channel look for sell setups, but if it stops at the yellow line and bounce up look for buy setups. !!!!WATCH CORN!!! they go together almost all the time
Wait the break of the red channel and then look for long setups.
For now I am looking for short setups , I would consider to take big long trades after price pass the yellow line.
We can go much lower if price break the yellow line.
Maybe we will see a double or triple bottom and then a strong up move. Short isnt out of the books.
Watch PA in this zone we can get one more down move and then up or a big big move to upside from this point.
Look for long entries on this pair, from my point of view longs at this time on chfjpy have a good chance and very good R:R
If we break the channel we can look for long setups. This month candle close is also important. A double bottom is not excluded.
AUDNZD On D and W I see short and on 4H maybe one more wave up as wave 5 watch image from below. For the ones that want to long ,wait a break of yellow or red line and a flag after the break (a safe entry for long is after the pink line) BUT the short is a great R:R for long term. For short right now is a bad time wait a better entry like a flag or the end of the...
This week you can look for short setups on GBPUSD