i did try long this pair yesterday doing half lot size could bounce off the bottom of the channel or we may break through
i did go long on this pair today or yesterday maybe and i still am but at a closer look and with the jpy index looking bullish AF it could turn around highlighted area ill be taking profits off my longs here anyway
i entered this beginning of the week im 50% out now waiting for a pullback to the are highlighted a text book break and retest set up
this wedge is likely to break due to this news 1798 be the best entry with 1792 sl im favouring up im long now from 1801 will protect myself by the time the news hits
as shared couple of hours ago watch for this trend break in yellow first tp 1794 yesterday we caught the other break in yellow i also shard a buy after this at 1793 which ran thro the night follow for regular gold ideas
weve got news today 7pm uk expecting some bearish movement before and during news then news to also send it above 1820 unsure how low itll go so pay attention if we go above 1810-12 set up invalid i will post when im buying so make sure you follow
could continue up from here , had a nice bounce off the bottom of the channel along with a old resistance from late 2020 we've now come back to the .61 fib level eyes peeled to play it safe wait for that minor down trend to break or look for reversal patterns on lower time frames please follow for regular trade ideas
as mentioned earlier we could see the bulls take over again off this order block we could see 1784 we could not we could still see 1740 also as ive been saying since last week trade what you see not what you think
i have now taken this even if id entered on my earlier post and used my 0.95 stop loss id still be in looks like a simple break and test of previous daily high usd killing all pairs atm but also is jpy both indexs look bullish
we have broken down now as shared earlier a nice retracement up to 1808 would be nice for a 2nd short entry we should see 1790-1780 off of this move can still edit this and no 2nd entry coming
watch for break down to the order block then continue up we could see the bottom of the order block
got a nice order block here price could bounce off of order block was drawn on higher time frame my bias of seeing 1740's is now gone
watch for lower time price action to see if we get a reversal im not taking this trade as the jpy index has gapped up on its last 4 h candle but the set up is there
sell entry hit nzd index could be revering if it fails to break that minor trend line get out
sell entry hit nzd index could be revering if it fails to break that minor trend line get out