Long opportunity. Forward testing a strategy. *Educational only
Look for a break on either side to enter. 4h gave a couple of fakeouts. wait for a break on daily
Possible HNS forming. Looking for a break of the neckline and retest
Monitoring to see if this forms a double top indicating possible reversal or if the previous high will be broken to continue higher. DXY will affect this so need to look out for the strength of the dollar in the coming days.
AUDCHF was ina channel for a long time and broke upwards, retested, and rejected the channel top. Entry was taken in the 4h and expecting it to continue to TP2
two scenarios that can play out. monitoring circled zone
an opinion/idea on EURUSD after analysis. A break out of the channel and major support, could give a short entry on retest
With weaker nfp number expected. Strengths of dollar would decrease. Very tight SL and Very conservative TP. TRADE WITH CAUTION. THIS IS ONLY A POSSIBILTY AND IS FOR EDUCATIONAL PURPOSE ONLY. NO RISK TAKEN