Big blue has been breached once before if price can stay in the mid red channel above 0.72 and get back over blue then AU might have a shot at 0.77 again if AU breaks this support 0.68 is next, which is an old S/R level (black circles) no position yet
i rarely trade EU nor is this a crystal clear entry the RR here looks good enough here to try and start building a long, sl just under 107, target 108 and next red tl above
NU has come down a lot since the interest decision with no rate change now arriving at a confluence of tl's and previous low it should be able to hold the channel low,.... ii will go long waiting for PA at that level ,.....as always sl just under if it breaks the setup is invalid and next level would be 0.70333 the next low and 200 sma on the daily
long term wedge has strong support from the green bottom presidential election whacked it up and down without braking anything significant recently 1.5050 seems to present an S/R level, so i'll be taking longs above that with the absolutely zmbitious end target of 1.60000,... plenty of time to scale in braking the green will make this setup invalid
Uj has finally broken (and briefly retested) that descending tl maybe better to look for some consolidation/confirmation of this level while looking for a good entry after the presidential election going over cross pairs for a better pip count setup is invalid falling back under that black tl, so that's where my stop will sit.
it usually takes a while to turn and reverse i would like to see a final purge and a pinbar close on a higher tf problem is the last lows at 1.77 and 1.7810 have been broken a while ago, and at the same time that would be the longer term target starting small longs above previous low, actually between 1.6820 and 1.6860, looking for further PA to add or jump ship
i can see some bottoming patterns on GU short and long term we haven't made a significant new low for a while now consecutive wedges have been overcome and PA keeps coming back to test them barring another "surprise i base my long entries on a short term and longer term inverted HnS again ,.. i'm not prepared to lose my acc balance over this idea but sure looks...
i'm inclined to long the GN based on this chart H1, since the low it has seen 2 significant channel breakouts, first testing then breaking the previous floor(resistance),... we are at #3 now,... failed at 1.72 and back into support now,... i think there is good RR here up to 1.72 again, sl just under previous low if/when at 1.72 i will look for further PA
despite my fear concerning the euro i guess EA present a goor RR here last H4 candles engulf and ready to confirm in the candle yet to close at this level we are sitting more or less on t a S/R level of 2015 long at 1.43213 sl close at 1.4295
if this S/R level marked by my craftely drawn black circles is broken, 111.40 could be in the cards no position yet
chart speaks for itself i guess i wont be taking any positions just now, waiting for a break or other confirmation first upside till 1.80 down till 1.70
EJ daily being blocked by red and green descending tl (better viewed on lower tf) right at the 38.2% fib as well if all is cleared a couple of 100pips on the upside looking for a good entry first
i think this could be the last low on UJ for a while testing the last break out from 100.65 and failing makes me look at the green tl coming from higher tops next when it breaks all short bets are off
i usually do not trade EU, but a cross like EA EU can drop 100 pips from here 1.12, without doing too much damage to bulls chart explains all
obvious on the chart, Fomc and kiwi rates on the table tonight so we'll know more then for the moment i longed GN at 1.77249 for a possible bounce,... short leish on that sl of course GL if it breaks it's a possible long winding road down
i will take a long position on exiting the blue channel to the upside, target green tl for a couple of 100 pips eventually sl will be inside blue channel
clearly at resistance here, top of channel i'm inclined to short here looking at 79.20 first but if we break out of the channel i'll wait for a retest and then there is room up to 79.45 for me
this morning 1.3360 served well as an S/R level ( the craftely drawn red circles) back to retesting the yellow channel i start building longs from here, small at first sl is right underneath as it will soon be clear if this trade is correct long term target is to escape the flag since Brexit if the channel top holds