The USDCHF pair is presently situated at a crucial area of interest following an extensive retracement. Given the prevailing bearish trend, I anticipate that the momentum will persist and drive the price downwards to the next AOI. Notably, the price is also aligning with a trend line and as of today has rejected off it. My strategy is to monitor the price until it...
GBPCAD recently broke the AOI I have marked and we are now simply waiting for a pullback to that area to go long. It should be a low risk trade since we are in a bullish trend.
As anticipated, XAUUSD breached the AOI I highlighted and reached the next AOI. Consequently, I initiated a short position at the peak of this new AOI, in expectation of the retracement where I would be looking to take long positions from.
I'm observing the EURGBP pair, which is currently positioned at a significant area of interest. The pair has the potential to moving in either direction from this point. My strategy is to wait for a retest, be it a breakout above or below this AOI. Once this retest is confirmed, I intend to enter a trade targeting the next key AOI.
