A Pre-London set-up!
Pre-London Setup!
Keep an :eye: on this one, as it has entered my area of interest, near the 618 fib level, aligned with structural support, and OVS on Stochs. This is a strong uptrend, so looking for buys only. Wait for wick rejections from the level, and a bullish momentum candle up... like a bullish engulfer, a hammer, or morningstar formation. These are the confirmations...
AUDNZD has broken resistance and has come back to retest it as support. I look for price to continue upwards from this point. Please leave a comment or suggestion. A "LIKE" would also be nice! May pips be upon you.
Price had made a double top. Will it break the high? Or will it fall from this level like it did previously. The NFP is due in a few hours. We'll see how things go afterwards. This is a delicate situation..... Like and subscribe, people! Also, please leave me a comment! I want to hear from you! Thanks!
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With a weak USD, GU is moving up, closing above the resistance line of this multi-year Falling Wedge. That close signals more bullishness to follow. A close above 1.3400, breaking the minor resistance price has created, and I will look for a valid long entry.
Price came down a bit, revealing the wick of that very same candle, then it filled that wick with the next bullish candle, closing in on the HTF TL. It is likely going to reject from this TL, which goes back to 2007. This may take a week to develop, but it is something to watch!
OANDA:AUDJPY This is a LONG idea for this pair. It will take a minute to complete, but the wait will surely be worth it. On the last leg to complete this continuation pattern. I the 200 EMA will act as dynamic support when that leg comes down, and price will likely bounce to profit glory! Of course, one could short this pair to the support side trend line,...