Following up on my previous analysis on EURUSD. Price rose back up to the downward resistance line and is showing another bearish bounce. Set my limit orders at 1.09356 with a R/R ratio of 5:1.
Looking to go long on SPX. Saw a potential head and shoulders pattern (I know its not a perfect head and shoulders). Found confluence with fib retracements.
Update on my AUDUSD long idea. My previous setup seems to be going just the way I wanted. Waiting for a retest of the 0.69295 support level to go long.
I've been all over the place with EURUSD the past 2 days but I'm currently looking to short as shown on the chart. Thinking it will rise but not until price reaches 1.104 - 1.105 area or until it touches major diagonal support so I am setting my take profit at just above this area.
Sorry for the top arrows being partially out of view I don't know how to fix this. Noticed a clear uptrend on the AUDUSD daily chart so went to the hourly chart and am waiting for a breakout of current consolidation. Following the breakout I will be looking to buy when the price retraces to the previous resistance level at 0.69295.
