GBPAUD is putting in lower lows and lower highs on the 1H timefram. I will wait for a lower low, lower Close candle to short this pair. Target 1 will ba at a retest of the previous low and target 2 will be a 1.27 extension. Stop is set at a 1ATR above the previous high.
GBPJPY has for the last few houres been forming a Flag. My rules for identifying a flag is 2 touches on both sides of the flag. I will look for a break and Close above the Flag to jump on the current bullish trend.
NZDUSD has currently formed a Double Top on the 1H chart. To trade this strategy I have a set of rules that has to be met. 1- The market must be trending and must be making higher highs and higher lows. 2- the market must put in a double top. 3- When the market breaks the lows of the double top (horizontal trendline), we can sell at the Close of the candle. 4-...
GBPJPY has recently broken out of a daily asneding trendline. It is now forming a Rising Wedge and retesting the daily asending trendline. Wait for a break of the Rising Wedge and Supportzone to confirm the downmove.
