This chart is clearest to me. To go long on the 50% pullback of the early rally during asia. FOMC not withstanding. I would not like to see any candle close inside that 1H cloud at least for today. Targeting .705 - .707 handle.
Still same idea as the GBPJPY. I stay with this trade if 111.85 stays intact before .45 gets hit.
A pullback to 144.66 level (38.2) of the last swing high should provide support. I expect 144.5 to hold if am right, anything lower could suggest a drop again to 144 handle. Good RR on this one...
Possible short @ .735 (38.2 fib retracement of that last leg downward).... Doubt we will get back up there today, but if we do, I expect .744 to hold the rally for further expansion on the downside. .736 likely....
If am right, .293 should hold. Possibly targeting 1.3 and above. Good RR on this one...
Suppose 147.10 holds, 38.2% retracement of this last swing up 146.5 would be a potential price point for entry, if it does, price below 146.3 would invalidate this setup...
Inability for price to breakout of the cloud suggest further correction downwards. The 38.2% of the last swing should provide a good resistance to sell. I really don't want to see price above .75 in this setup...I will expect expect a rejection of .60 for a short...
Just for study purpose. Possible resistance aligning with the 50% fib retracement of that last move down during rate decision. Lets see
Possible long on the 23.6% fib retracement here for a break of the cloud, If am right i don't want to see price below .7355 Good RR on this one...
The 38.2% pullback of this last move up, should give good long entry for this pair. If am right then .6900 handle should be intact, good RR considering the rate decision later today. This pair has been a hard nut lately....
This pair has been weak lately, a little short won't hurt. Going short on the 38.2% fib pullback of the last downmove, is ideal here. The setup fails if not triggered before london close tomorrow, or if a 1H candle closes above that future cloud.
Price currently at the 38.2% fib retracement of the last swing low presents a good opportunity to go short. Above 112.6 will invalidate this setup. Break of 1H kum supports this bearish play
I would like to see a rejection of that level. Am not trading this, but for knowledge sake, lets see what happens
Current bullish price action shows no signs of weakness, suppose the 45 mins cloud holds up, a long @ 112.14 should do targeting .75 - .85 handle. Daily PA is also bullish. Any move below 112 invalidates this intraday setup
The cloud twist and break of cloud suggests bearish PA. If am right, i don't want to see 1.292
Possible long on this pair. I like to see a pullback to the 38.2% fib which is currently @ 0.688, today or tomorrow for a long. The current cloud break suggests a possible correction or reversal. This remains valid until close of London tomorrow.
Suppose the 1264 handle holds, this is what i expect to see in gold, possible 1285 later. I normally don't trade this pair.
I expect a range in the cloud and a downward continuation. .xx74 which is the 38.2% fib retracement of the last swing high should cap the upside movement intraday.