After creating a Higher High last around 1.00931. Found a support area between 0.98604 and 0.98918 which has been recently broken and tested. Waited for price to come into this area before taking a Long position. Placed my SP below my support zone and my TP to the next area of resistance around 1.01877 creating a 3.1 RR.
Took long trade last Friday around a support area between 0.63671 and 0.64113 as the AUD/USD looks as though it is continuing in a bullish direction. Entered around 0.64252 and placing my stop loss below my support zone around 0.63449 and a R:R of 3.
Although my previous trade on this currency pair didn't go as planned, a reversal did happen. At the start of the week price pushed up to 0.63362 from there it moved down to an area of support between 0.62497 and 0.62364 for a long entry. Once in this area I dropped down to the hourly chart where a Bullish engulfing candlestick pattern appeared. Placed a stopped...
Waited for price to come to an area/zone of 0.63613 and 0.62157 for a possible trend reversal. As soon as price came into this area spotted a double bottom pattern on the 1hr chart around 0.62406. Now lets see how it goes.
On the 4hr chart went short around 0.65043 with a 2.1 hoping to take profit at around 0.62635 in an area where there could be possible trend reversal on the daily chart.
The EURCHF had previously finished a counter trend on the daily chart and was in prime to continue long into an uptrend after finding a support level of around 100903. Going down to the 4hr chart Price went long till an area of resistance of 1.03586. Price would retrace into a support area between 1.01873 and 1.02326. After Lowering down to the 1hr chart for entry...
Back in March the EURGBP had undergone a trend reversal showing an inverse head and shoulders pattern on the daily chart. immediately following that In towards the end of April another it seems as thought head and shoulders pattern has appeared on the daily chart signalling a trend reversal.
Price had already created the Left shoulder and Head in the previous...
On the daily chart price was prime for reversal showing an Inverse Head and Shoulders Pattern. price pushed up towards 0.845. creating the second neckline and pushed down towards 0.829 creating the second shoulder. Dropping towards the 4hr creating a Pinbar for entry to the long side to the 0.841 creating a 3.1 risk: reward ratio. However Price continued moving to...
After some time in consolidation the USDCAD broke out looking to go to the upside on the 4HR. Price went up to 1.289 creating a shorting opportunity. Went down towards the 1HR chart for entry of a break below 1.286 having a risk: reward ratio of 1:8. Price went down towards target of 1.277.
