Morning traders.
Idea for a long EURAUD.
Multiple confluence for entry. 4H uptrend and support level from horizontal channel.
Take Profit just below previous high and below psychological number 1.56000
Stop loss features:
1H ATR
Below channel support
Below 4H uptrend
Below 1.5350 psychological number which is also a major daily support area
See how it plays...
USDCAD reversal long idea.
Double bottom with RSI divergence at previous major support (1.3500)
Stop Loss - 1HR ATR below double bottom structure.
TP - below previous structure and below 1.3600 psychological number
2:1 R/R ratio. See how it plays out
Happy Trading.
Horizontal channel. Descending momentum on the RSI. 15min valid double top with divergence on the RSI at the previous structure high of the channel giving an entry signal into a short position.
Stop Loss features: 1H ATR, 170.00 + 170.500 psychological numbers along with previous resistance structure.
Take Profit: Previous outside return and slightly about the...