2 options for me, preffering option 1 with a deeper pullback for better RR, NFP possible catalyst?
My thoughts on a potential EU long from the fib reversal zone, good R/R
Potential Inv H&S, will we see a break of the neck? these are the 2 options ill be monitoring
what im looking for in CC - break and re test of double bottoms neckline, length of double bottom also lines up perfectly with a longer term 61.8 fib
EG is looking over extended, has created a double top looking to enter from the blue box, multiple wick rejections, gives a nice tight stop too.
I believe this will be possible with majority of cad pairs needing a retracement, a 4 hour close above the black line will give me more validation before looking for longs.
my short idea on audusd, fib reversal zone lines up perfectly with the weekly level, would be good to see some usa strength.
Looking at shorting this pair to the counter 61.8 fib which aligns perfectly with the 0.27 d1 leg. a 4 hour close below the 50 EMA, i will be entering.
AU we've clearly found support, now lets make a pullback with multiple confluences. Above is my target for a long which is also major resistance. To add another confluence, it also goes well with the fib reversal zone, the golden pocket some say. R/R isn't the most perfect off the trend line but if we see some sort of 4hour close below, we could be looking at even...
my short idea, currently interested, only if price closes below 0.786 fib.
Looking like a buying opportunity once we have broken and re tested the 1 hour charts trend line.
200 pip trade, bulls looking like they have lost momentum, price rejecting very nicely from the fib reversal zone. The next pull back i will be entering.
AUDCHF was very bullish last week, however that momentum has slowed down. Price is rejecting the daily trend line which is currently pushing the market sideways as shown on the 2 hour. The 2 hour also shows the counter trend line has also been broken and is re testing as we speak. I am short on this.
Price is being squeezed intro triangle on the previous leg up, trend line has been clearly broken which is now looking for a re test from it. the blue box is where the entry will be perfect as it is a place where 1, there is a double top and 2 it lines perfect with the 61,8 fib level