GBPAUD Long
-Great Risk to Reward here
-Strong down trend here
-ABCD Structure posible in play
-FIB levels act as great targets
-Only entering this at the break and close on the 1h timeframe of the blue trend line
-Watching the MAs for the blue to move to the upside
-Key weekly support level of 1.9400 and psychological level is important if this holds, another...
AUDJPY Currently in a strong downtrend from higher TF
-Simple trendline break trade here
-Rules:
break and close below on at least the hourly
retest of the broken area
of course rejection of that area
-Apply risk/reward and money management
-Have a couple of targets
-Jump in
Happy trading!!!!!
Great opportunity here to long Euro
-Bull trend
-Really strong level of support here at the 0.5 fib retracement
-This area is also a previous support level on a number occasions if you look left
-Stops just below the 0.618 retracement
-Two tweezer tops/spinning tops here where price action is now
-This usually means consolidation for a move and I think potential...
Made a lot of pips from EJ shorts recently think its time to long
-A bit of channel trading here currently
-Holding a major monthly key level 126.90
-We have bounced of this level previously.
-We have a selection of rejection here shown with long wicks
-Also a "double bottom" we broke slightly lower but its the close we look at.
Were in a bullish trend here :)
-This daily trendline has held for our last EA Long so I think it will hold again
-ABCD Structure
-FIB on here from most recent A to B wave watching the 0.618 as usual
-There is some AUD news coming out later this evening to bare in mind if we get it.
-So I'm looking for a good amount of rejection...some long wicks and reversal to...
-WE HAVE HIT A MAJOR MONTHLY SUPPORT LEVEL HERE
-PROVIDING WE HOLD SUPPORT THIS COULD BE THE OUTCOME..
-THIS IS A GREAT RISK TO REWARD TRADE
-FOR A REVERSAL OR EVEN JUST A RETRACEMENT 0.618 AREA
-STOPS AS SHOWN
-THE POSSIBLE "C" AREA IS A KEY LEVEL OF RESISTANCE SO
WE EITHER BUMP OUT HEADS ON IT THEN INTO SHORT TRADE
OR BREAK THROUGH.
-IF WE HIT RES AND TURN...
EURUSD LONG
-BULLISH AT THE MOMENT
-WE ARE RETRACING CURRENTLY DOWN TO
A MAJOR KEY LEVEL IN THE DARK BLUE/PURPLE
BOX
-WERE I WILL AWAIT TO SEE THE CORRECT SIGNS
OF REVERSAL TO LONG
-ABC AND D TO BE MADE
-THIS KEY LEVEL IS BANG ON WITH FIB 0.618
RETRACEMENT
-TARGET WILL BE FIB LIVE 0.27 VERY CLOSE TO
WEEKLY RES OF 1.1000
