This week has been very boring - Some lovely setups forming but lots of indecison from market makers and traders This is how i see AUDUSD playing out - Key supply and demand zone acting as an entry point Daily support trendline will be full of long limit orders - trend may reverse
Re-testing fib and previous support channel Looking for another push lower to weekly support trend line
Perfect re-test of the daily channel after NZ rate announcement Looking for push lower
Exhaustion phase complete - looking at the bullish engulfing candle to test the upper channel Will look for exits around key fib levels if needed
BULLISH engulfing candle at the bottom of the daily channel - looking for a break higher and re-test of fib levels.
EURCHF retesting the lower channel Bullish englufing candles on the daily time frame suggesting traders ready to go long Thanks
50% retracement and Daily Diagonal resistance trend line
Hey Guys Been patiently waiting for this to test the daily channel I have two key take profit levels highlighted by the arrows. I can't see this pair breaking lower now, but there is a tonne of downside room below 1.30
BOE's dovish tone post rate hike drove GBP down. We found support at the 38 fib level. I am now entering a long position to follow buyers back up. Happy Friday
NZD still getting hammered We had a nice break higher, and then a re-test of the 1.6950 Looking to scale in more long positions
Ahead of the BOE possible rate hike - we have a retest of the 61.8% fib level Buyers are entering the market and i intend to join them
Thanks to the ECB Bears are now taking over again, after a little scare!
Profit was hit on the previous GJ long Given there is no break to the downside yet and GBP traders are gunning for a rate hike next thursday, we can safely enter more longs.
This pair paid out nicely on the short side. After careful consideration, i am going to re-enter another short as we cruise into another key area The downside is range is decent
Hey Guys Has been a great week for setups AUDJPY hurting after the CPI data last night - Time to pile in as we break to downside.
1.30 KEY LEVEL will be looking for a break to the downside $$$ or a move back into the channel with targets of 1.3450 $$$$
Breaking to the downside