Keeping this pair in monitor list for long term swing sell opportunity.
Another Oz pair to keep in mind. If the current level is broken(green box), it looks like a slippery slope for the Aussie dollar. Much funds are needed for the fire recovery. Pus other factors which are not positive for the currency.
The HnS pattern is slanted and not perfect though. May hold this for swing if 1500 level is broken #follow at your own risk
AUD could not breach the resistance, JPY is getting stronger -> time to go down again
Expect GBPUSD to continue to rise post election
A short and slanted head n shoulder pattern.
May hold this as swing trade #follow at your own risk
Setup is invalid if today's close is breaks under the trendline
Red line = stop loss Amber lines = take profit levels
Looking at swing sell opportunity. There could be a retrace tomorrow - EU election results.
Opportunity to swing sell about 400 pips. It's a slowpoke pair, don't expect to turn profit in a day.
3 levels of exit with nice risk reward ratio
Target exit levels as shown on the chart