AUDUSD just broke its inside week and inside day, good enough to turn bullish;
USDCHF just retraced to its 0.618 and 1.0000 fig demand zone, which are also awesome.
Accordingly, I'll be interesting in taking some AUDCHF long to combine both ideas.
Here we got this 4hr demand zone off the 0.7100 fig.
Quite a good long entry for this idea yo!
Let's see how it goes!
USD/CAD pair is on a uptrend & looks bullish in the next few weeks and is forming a new high high. Trendline and fibonacci 61.8 zone respected. Also head and shoulder pattern is formed and retested. Now is the right moment to enter long on this trade. Have a good trading week everyone!
GBPJPY just retraced to its 0.618 spot, and will probably give an inside 4hr.
I'll be interesting in the breakout long as a confirmation entry.
One bad part of this trade is it'll be fighting against the gap, but in terms of 0.618,
I usually don't really care that much about "how it get to the 0.618 spot".
So I'm still willing to take this trade yo!
There will be BOC interest rate announcement today.
Here we got a bearish butterfly and 0.618 retracement combination at around 1.3440;
I'll wait for at least a 5min reversal sign after the announcement to take the short!
If it could go above 1.35 to stop this trade out, the bigger bat will be taken place.
Let's see how it goes!
Primary Trade Setup
In case the pair goes back up to 61% the risk of taking a purchase is very low. In case the price closes below 61%, looking for a purchase is still possible but we must be careful since we would be entering the field of the last highs and that can also mean a change of structure, so it is better to divide the trade and take partial profits and...
First of all, no intention to chase the slump as it's 2 bullish combination right now right here.
While still, it broke the structure for the week , so pretty much we got some contradiction between these views.
When it comes to contradiction among different tools, choosing to stay flat is always a good idea.
But if I have to choose one side, I'll still pay more...
Now i see a big potential for sell this pair.
On the last my idea i post 1 not good trade.
here its :
1. New Lower Low.
2. Retest of 61.8% fib. level
3. Playing on resistance zone
4. Anyway we need to go down.
p.s. use S/L )
With this pair we have recently seen a failure to create a higher high past 0.6970, followed by a daily chart tweezer top rejection of weekly resistance 0.6900. Consequently this pair has seen a massive sell-off back down into monthly support in and around 0.6700. We are now finally starting to see a slow-down of momentum for a potential correction back into the...