ncash to target 1 ncash to target 2
With the Monthly Chart on the AUDCHF undergoing a retracement to the 50% area (at least, it means lots of buying opportunities for the lower timeframes! Of course, I'm not going to hold a trade for the next 3 months, but I am going to be entering and exiting multiple times! Here is the first entry I found using Fib Inversions! Free to go aggressive on this one,...
you can see results in few hours
Despite US December rate hike almost totally priced in, I can still see a little up-movement - lets see....
looking at the current levels of resistance we may see an opportunity to short this pair on any pullback on a 4 hourly to 1 hourly timeframe after a strong sell off yesterday with a fully engulfing bearish candle.However I would remain cautious until post NFP announcements .
STRUCTURE SUPPORTS LOWER LOWS TO BE EXPECTED HERE 38.2% TREND LINE 1.1150-1.1170 REISTANCE PIVOT ENTRY& 50 EMA
This is my first ever post on GBPUSD. I am very new to trading and THIS IS NOT A LIVE TRADE I am just checking my trading plan to see if I can go live very soon but with lots of confidence. So please go easy on me. I welcome any feedback good or bad. Thanks Rick
See What You Started By Continuing
Personally i dont like to short the EURUSD - because of what Draghi says ! But here is the Set Up...