Quick buy set-up that I am in and monitoring..
(1) ABC completion (2) 144 and 162 EMA support (3) Horizontal Support (4) 1.618 Fib Support (5) Diagonal Trendline Support (6) At the bottom of a WEDGE support Note: The candles showed us some wicks of rejection, but I don't like it. It is best to go to a lower time frame to watch what is going on and make a decision.
(1) 38.2% bounce (2) Wave support (3) MACD positive (4) RSI bullish (5) Engulfing candle forming (6) Break out of a counter-trend line It looks bullish to me!
This is an update to Yesterday's buy of GBPJPY
This entry goes along side the DAILY Chart. Targets are small targets, but I am saving some for if we get a greater rally.
Technical Plan to the EURUSD... all on the chart.
I sold AUDUSD short earlier ahead of the Australian rate decision. I couldn't update because I place the order on my phone and I was away from the computer. So, I am in.
GBPJPY, techie trade. Watching the 140 to 139.50 area for long entries. (1) MACD bullish (2) RSI bullish (3) price making new highs (intraday) (3) Stochastics currently overbought, but will probably oversold if it does fall.
I entered USDCHF earlier today, and my second buy stop is hit. (1) Countertrend line broken (2) tweezers at the bottom (3) engulfing candle (4) RSI bullish (5) coming out of oversold One MORE: Need a candle forming above this last candle to push the MACD indicator back above the signal line. After that, we will be safe for the NEXT high!
techie trade pullback to support and reaction. stop and target on chart..
Technical: The US Dollar (DXY) has just put in a bottom. The whole move down consisted of what I classify as a Triple Q-wave. It should be followed by a rally. Pro: Another piece of evidence supporting this idea is that there is divergence on the MACD. Con: However, no new high has been made, so we are still guessing the bottom, but I will start to nibble at...
Took a short at GBPJPY support, and going after the 61.8% fib level of resistance. Stop is at the low of today. Good night!
I took a shot are this weekly support level. I have no target; only a stop loss at the low of today.
Stalking AUDUSD for a technical trade above the engulfing candle.
With the continuing to fall, it pushes the rest of the pairs up with little resistance. JPY and CHF are competing with the dollar fall. The best trades so far this morning and last night have been NZD, AUD, EUR and GBP among the majors; of which I am in, including AUDJPY. UK's rate decision is approaching in 3 hours and 30 minutes. All my stops are at break...
BoE rate decision and other monetary policy commands are coming out. Bring it on! ENTRY: 143.30 Stop: 143.35 Tgt#1: 144.12 Tgt#2: I plan to trail it.