audusd is in the range bound between o.797 and 0.777. Current price is in key resistance area consolidation and near term is uptrend, so bullish. set up a buy limit with TP of previous high and SL of previous low. RR of 1.7 :1. Trail off if it moves in our favor.
Overall bullish: 1. sp500 futures trading higher 2. job report is good 3. macd cross zero line from bottom 4. ATR line is trending lower (volatility is down) place a buy stop order sl at last bar low tp at last all time high RR ratio of 1:1 trail stop when market is acting in your favor.
Bearish on Gold as Dollar index is trending up. place sell limit order with stop loss on last high and profit taking at last low.
Given trending up dollar index dxy, bullish on dollar. Set up buy stop @ 1.2950 with stop loss of 100 pip less and 200 pip more for profit taking.
currently in consolidation, buy stop set up , let 's see how it turns out
Overall it is trending up, currently it is in consolidation, trade it now with RR of 1:1.5 in 60M chart.