With the retest of 11/03/2016 high price failed to go lower Now I am looking for a rally towards today's high, a break of this level and a retest will signify further bullish momentum
Gbp/Aud - Short Waiting for a break of 1.89400 Risk/Reward 1:1 With more potential downside movement if certain levels are broken
My overall bias decision for this pair is short I will be waiting for a break of 1.10714 I also have a set up for if this trade if it goes long, with a break of 1.11249
Aud/Jpy 1H Chart This pair has been ranging for a while now. Price has been battling resistance around 82.000, at least 4x and has also created a triple bottom (4H) overall these are bullish signs. If price does push past this level and then retests it will be time to buy. But not to forget that we have formed a double top. To complete the bearish move we have to...
Eur/Gbp (Buy/Long) Entry - 0.77719 Stop - 0.77417 If there is a break on 0.78200 we could see further rise in this pair
Aud/Jpy - (Sell/Short) Entry - 80.974 Stop Loss - 81.261 Take Profit - 79.985 Unfortunately I didn't actually publish this analysis when I placed this trade, but I decide to post it just to keep a personal journal.
Xau/Usd (Gold) Potential Scenarios for Gold in the short term (Days/Weeks) long term (Months) Possible pullback around 1180.00 but then later we could see a rally then breakout
Expected (Sell/Short) Stop Loss - 15 Pips Take Profit 1 - 40 Pips Take Profit 2 - 55 Pips Take Profit 3 - 70 Pips