AUDNZD Long on an SBO
-Daily made new HH's followed by a HL breaking out of the descending trend line
-Broke the Daily 50ema and now testing it as support (also testing the Weekly and Monthly 50ema)
-Testing out .50 Fib levels
- MACD looks to be heading to the upside
- On the higher time frames you can see the weekly and monthly we broke out of a much larger...
The daily chart price is in an overall up trend with no signs of slowing down. Price broke above the 1.61800 resistance which can be seen as a clear S/R line in the past. With AUD pairs looking weak from a technical stand point I felt there was enough evidence to take this to the upside. The daily is currently consolidating which usually happens...
-Daily is Testing the Daily 20 and 50 ema area
-Daily is in a clear up trend making HH / HL
-MSTR is highly correlated with BTC and Crypto in general which is currently in an uptrend as well
-Entry came at the break of the 1h wedge
-The wedge pattern could also be taken as a flag which is a reversal pattern (in this case going long)
-Price is testing a...
Long EURAUD on a CBO play.
Daily/Weekly we broke that range area and came back to test as new support.
Got the CBO on the 4h and 1h engulfing which was the entry.
Stop loss at 0.618 and looking to target the daily high's and possibly higher.
Long GBPJPY with an SBO play. 1h wedge break out entry, stop loss daily low's looking for a take profit at the daily high's
daily is still in a up trend, price tested the daily 50 and 20ema as well as a nice ascending trend line and forming a HL.
I like all JPY pairs possibly bearing bearish at this point.
There is the possibility of the double top but that...
Short NZDUSD on a CBO play,
I did get in late on the 1h but I really liked the Daily and 4h was super clean with a double top, clear LL / LH
I was looking for price to go below the 1h 50 before entering which is what happened and was able to get a good RR on this.
Playing this to the daily low's.
-Even though the the daily did not pullback fully to the daily 50 ema i had confidence on the daily rejecting the 0.382 fib, daily 20 ema which has rejected nicely in the past and a nice round support level of 0.66000
-The 4h in my opinion was nearly perfect in terms of what we want to see on a CBO set up, double bottoms with a break to the upside to make a HH/HL...