Hello Traders!
This is my idea related to AUDUSD H1. I see a very nice bullish structure, and I expect a rise until the first FVG as a first target. It represents a good opportunity to execute a long trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
USOUSD is close to a key resistance and potentially reverse to drop lower from here. We could see price move down to our take profit target.
Entry: 70.918
Why we like it:
There is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level
Stop Loss: 72.952
Why we like it:
There is an overlap resistance that aligns with the 78.6% Fibonacci...
NZD/USD have been locked in a titanic battle for control of this chart for the last 8 hours or so. Technically we should break south to relieve overbought conditions on H1 timeframe but with the key Non-Farm Payrolls and Unemployment Rate out of the USA due at 13:30 GMT, this pair ain't goin' nowhere for 3 hours. The risk it has to be said is that the numbers...
USDCAD is approaching tough resistance in the 1.3200 area following the two equal legs up. Also just ahead it the 200 day moving average. Longer term I am looking for 1.3550 but should see a retrace before higher.
1. My Reversal patterns in Daily Charts
2. RSI Supporting Up Move Now
3. Will Test The Upper Channel
4. Can go Long from 31.5 for Targets of 41.5, With SL Below 30
