brightidafum
AUDUSD is one of the pairs which i have most of my faith on for this week. After price broke the trend-line it's been on an uptrend for the whole of April, and i'm looking to open 2 buy trades when price breaks the resistance zone at 0.66878 and reaches the blue line (because of the confirmation i got from my indicators) to take profit at the next resistance zone...
USDCAD is currently in a major reversal zone that reversed back in January 2016. This gives me a very strong indication that this pair is going to be selling long term. I am expecting price to follow the bearish trend and to break through the support zone at 1.38504 to then retest and make it become a resistance zone; in that instant i am planning to sell long...
Currently in a downtrend all all timeframes. Looking for price to remain below resistance zone at 1.08225 to then enter a sell at price 1.07861 (entering a sell here because of the confirmations I got from my indicators), to then take profit at the support zone 1.06296 for a profit of around 150 pips.
Firstly, XAUUSD is near an all time high and has struggled to break through the resistance zone at 1742.290 in 2 occasions within the last 2 weeks. This has formed part of a market pattern that we know as 'M', meaning that if price breaks the trendline it could go down for a very long time. But another possibility is that price could break the trendline, re-test...
GBPAUD has been selling for the past month. Because of my analysis and seeing price breakthrough the support zone at 1.93761 (with that being a possible resistance zone now), i expect price to keep decreasing and enter at 1.92583 just in case there is any pullback (i dont want to enter too early). If price reaches my entry price i expect it to keep going down...