AUDUSD H1 Price is near the weekly low of the previous week. on the daily and weekly price failed to make a new high to the up and retraced back. Expecting that price will make head down to grab some liquidity for going up. For now highly likely price will retrace up to fill some liquidity before going down.
Breakout Long @ 3.65 Tp1 3.69, Tp2 3.75 SL 3.56 A strong quarterly report should support this short-term movement. DOM pointing to strong resistance at 3.69. Keep an eye on what happens after hitting this target.
Nas100 has tested the 14k price again and seems to be retesting. I’ve marked the zone it plans to retest and then potentially progress toward breaking the previous top/resistance toward 14200 area. I initially thought we would see a clear inverse HNS, but we seemed to have ‘double bottomed’ before making our way up to the breaking point and beyond. I hope this...
The price has been consolidating in this interval for several days. I have identified three main levels where we need to be alert to price movement. These are: 0.7815, 0.7775, and 0.7690. I indicated my guess how the price might act this week with arrows.
DXY (Dollar Index) DXY - This is the dollar index against a basket of other major pairs. An analysis of this index before trading dollar pairs is highly recommended, as I know the general trend where $ is going, you can clarify the situation with other pairs. In general, as you can see the index is "nowhere". The past few weeks have been bearish for the dollar,...
Watching only at the moment, waiting for the break hopefully and then a higher low above the resistance, at which point we can take longs. If this scenario does not play out, no trade is taken. Trading Idea NOT Investment.
GBPJPY H1 - SHORT Anywhere within this range is a good place to SHORT. For traders who're on the LTF, look for sell opportunities to capture the move downside.
AUDCHF H1 - SHORT Look for a clean breakdown off the immediate support area. Afterwhich, look for a pullback to capture a move towards the next support level @0.71650 for better risk to reward. Stop loss above 0.71900
In this deal, be careful, wait until the price reaches the stop, then enter the deal. The PRZ area is valid and the price has reacted to the PRZ.
Take a look at the bayonet pattern created in the 1-hour time frame, as it will reach $ 40,000 if the price drops. Post your comments in the comments section. Thanks