Liking the look of EC higher, double bottom height lines up nicely with 200ema and d1 extension fib, some good confluences.
Liking the looks of longs here, weekly tf shows price rejected a new low, waiting on a pullback into fib area first.
Created inv h and s, looking for break and re test of neckline, TP 1 targeting 110.000
Two possibilities for me, push higher into fib zone , or a break of TL from rejection of 1.0000. If price is to break, ill be looking to add a short on the chances off a pullback. First target is the double bottom, if price manages to break more to downside, ill be looking to add another trade to fibs d leg ext
EU shorting idea looking to sell on a deeper pullback, most traders will be possibly trapped into the trade looking to sell off resistance labelled '1' which is a common occurance
Looking for break and test of double bottom neckline, targeting the height of double bottom.
Clearly broken downwards channel creating a sort of bullish flag pattern, we've broken off, re tested local support as well as the 50ema making multiple 4 hour rejections, currently longing to top of bigger TF channel.
Liking the look of AU longs if we can create some sort of stalling/rejection in the fib zone with a 30 pip stop below the 78.6 fib. Alternatively, price action on the daily is looking very bearish with what seems to be a lot of momentum with it, so i would not be surprised if we visit 0.67000 again creating some sort of triple top. Waiting for price action to...
Like the look of longs on AU, Weekly level lines up perfectly with D leg extension
These 2 options are what i am looking for in GBPCHF, option 2 gives a better RR which aligns nicely with the 78.6 fib and 200 ema, however i think option 1 looks more likely with price being pushed sideways creating what seems to be a triple top. If price can potentially push into the 61.8 zone, i will be looking for a short with a 1% risk as the reward is looking...
If we can get a nice daily close above 122, i will be potentially looking for longs, D1 extension lines up perfectly with 124, that will be my target