Long on USD/JPY Reasons for bias: Bounce off trend line Bounce off support Bounce of 60 EMA Bullish stochastic Following trend
Looking for a buy after break of neckline on head and shoulders pattern. Looking to take profit just before 1.62 Fib retracement level. Putting stop loss just below neckline. Reasons for bias: Bounce off elevating trend line Head and shoulders pattern Bullish stochastic on daily time frame Bounce off 60 EMA on hourly time frame
Going short on AUD/CHF Reasons for bias: 0.618 fib touch 60 EMA touch Bearish Stochastic Touch of descending trend line Bearish outlook on gold/Short term money flow into safer assets