While the price action signal is weak i feel that it might be time to go long on EUR/JPY. With risk reward over 1:3 and a earlier level holding again, at least it seams so.. There might be quite some to take out of this one.
The XAG/USD chart has been trying to go lower for a long time now and has since showed us many times that it does not want to go past a certain level. I myself have taken many trades on this, going long every time this year. Who knows where it wants to go?? One thing is clear to me, if it wanted to go lower it would, right? With so many pin bars and other price...
Here is another one i found recently. With this trade being interesting two days ago, now i find it even more so. Since The previous highs appear holding i very much like a short on this one. With potential gains of up to rr 1:5 i see no reason not to go short here.
I am long biased on AUD/USD this weekend. Pending price opening at 9220 i think there is great potential in this trade giving back just above 1:4 rr. Any time i can get potentially get that much from one trade you can be sure that i am all over it. Targets up on the last swing with a higher target (TP2) close by.
I like NZDCHF to go short here. The pair has been ranging for quite a while and now it seems it has formed an IB at a good spot. I think that if it falls from here we could see some serious free fall action down to target 1. This could go either way though and if price breaks above the IB i would remove my short order.
I feel that the previous long trend has come to and end, or is about to take a break. Because of this i feel that i want to place a pending short order below highlighted IB formation. Targets are at 3 different places, as i always want to aim for a "better" price once profit is locked in. Short order invalid if break about IB occurs.
