Expected to show an upthrust in a downtrend with a target for previous low 0.7720
We will set a sell limit order at the reversal point (first test) at 147.25
Buy stop will be at the BO of last resistance as indicated in the chart after the BO of the wedge.. for more info about trading wedges www.youtube.com
The price is obviously in a down trend, but after forming a bullish pin bar at a support level I will try to hunt a small portion of bullish move (if happened), if up trend line get break I will go short
The dollar broke out the accumulation channel, next stop I think will be at 108.50
Pending buy stop in case a BO of the bullish pattern occur at 1.2353
Almost a BO in progress for the inverted H&S on the pair..
Maybe to BO of level 1.9080 is real after the spring (failed BO of the previous support)..
Long entry will be activated if the EUR breaks out upside after the descending triangle..
Short entry sell stop at 0.7367 at the breakout of the nick line..
Two buy stops after breaking the level 150.00 if the H&S completed..
The R:R ratio is good for long after retesting of previous resistance which might become the new support for the GBP.
A new sell limit will be placed at 107.80 as it was the previous reversal point and resistance since the downtrend is strong...
Entry after breaking the nick line at 135.95 and targeting 135.35
Long entry was initiated last week after breaking the downtrend and after the failed H&S bearish pattern, target is 1.2600
Breakout of sideway channel and re-test, opportunity to go long the pair.
The AUD is at a buy area after breaking the resistance level and re-testing now, target 0.7730 and 0.7830
buy opportunity after the breakout of the symmetrical triangle for NZD.