In FX it is important to leverage strong currencies against weak currencies. GBP is our strongest and AUD is the weakest on news over the past 24 hours. I'd like to get long through wave-((5))-of-v-of-(v) to ride the bullish trend. Next related predicted volatility due to news is in about 20 hours.
As you can see in the chart the price rejected the top of the downward channel. Good to short here when the markets open next week. SL: 118.800 TP: 102
this is for practice purposes for myself, i only have been doing this for 3 1/2 weeks now. I realized that my fib retracements have lined up perfectly with my minor resistance lines from the low 100.110 to swing high 118.618 Fib Levels. Correct me please if im wrong but i see a potential bullish bounce off the 50.00% (109.364) area or maybe the 61.80% (107.180)....
Watch for breakout of current flag and the downtrend channel Looking for an opening to long to the 2.618 fib
Downtrend channel broken Triangle seems to be forming Possible pennant formed over last week Trade the breakout.
Price action has broken out of descending channel. Believe price will continue towards the upside to eventually reach back to the 118.23 level.
Depends a bit how you want to draw it. Yellow tight channel is my original which broke, but the purple could be more accurate. I think we have to as mr. Trump about this one! Im still long until purple trendline breaks down.
Well if you've been following my daily trading blog then you know that I've been on a pretty good streak as of late. Funny how that goes hand in hand with me NOT posting to Tradingview for a week. of course that means that I've probably jinxed this trading opportunity..oh well too late now. Similar to the AUDUSD, GBPUSD, NZDUSD & Silver trades that we've been...