Breakout with high probability of short term bullish gain for $NZDUSD
Breakout of triangle towards the short side as predicted
Closed short $NZDUSD at 0.6699 for +17 pips profit!
Symmetrical triangle formed on the 15 minute chart. High probability of bearish breakout.
Entered short @ 0.6838
Sizeable profit from a single trade in less than a week
Could have entered the position at a better level and could have closed it at a better rate as well but in any case profit is profit. Another 14 pips profit. Taking the count to +165 pips profit. Will look for better position to enter the market again.
GBPUSD should find support at 0.236 Fib levels and extend further to 0.5 levels at 1.5164.
Accumulative pips generated +146 pips. For today it's +40 pips. Happy trading people!!
Potential for a short term long trade for the $EURUSD pair
Putting money on the trade setup mentioned few hours ago for the $GBPUSD trade.
As mentioned earlier $AUDUSD hit T/P at 0.7220 levels and retraced back in the short term. 3 trades opened in last this month all 3 hitting T/P for a cumulative pips accumulation for +115 pips. Stay tuned many more to come.
Daily Channel support for $GBPUSD at 1.4960-1.4983. Lookout for a long opportunity.
Moving Average Crossover with a bullish wedge. Will view the currency pair after hitting the T/P level for a better trade entry if it retraces back from resistance at those levels.
Would look for another opportunity to get into the pair especially with the MACD showing signs of few hours of consolidation.
FX:AUDUSD