USDCHF has been making LH and LL, after showing weakness in continuing its uptrend. Hence, this short trade idea has come into play along w a pattern formation confirmation of HnS.
GBPUSD rejected the supply zone and the trap zone on a weekly tf so I've entered a swing on GBP up around 300 pips. Profits will be taken along the way and trade will be set to BE once HH and LH have been formed.
Could expect a pullback to the neckline of the double top it made before it continues going down
Bought EU based on the rejection of the trendline followed by a bullish engulfing candlestick.
USDCAD has formed a cup and handle pattern on a daily TF. If it respects the pattern, this bearish movement in USDCAD could possibly be the retest. While price is sitting on trendline already, there's a good chance the price will drop further before reversing and making moves to the upside.
GBPCAD is headed towards the zone marked and is looking good for a sell. details on chart.
Overall I am bearish on NU but a long trade idea has been plotted and I entered this trade at the rejection of the 38 fib level on an hourly. Might take till the end of the week to move up. If DXY continues to show strength,it may hit SL and I will source for new opportunities.
A broad overview of how AU might move in the coming days and weeks.
EU is making its way up to the zone I've marked out and if it reaches that zone I will monitor how price is reacting in that zone before taking a trade accordingly.
Eyeing these moves for GBP and will prolly adjust entries when these scenarios come to play with relevance and confirmations
Price broke the trendline + flag pattern. On a lower TF i have candle stick confirmations so I entered a buy on NU.
price has been making HH AND LH. based on that Im looking for more confirmations before taking this long on AU
This is a long term trade of around 200++ pips. I will hold it unless otherwise stated.
Market execution for this CADCHF sell. clear LH and LL!
GBPAUD has reversed from the trap zone and confirmed a sell entry.
I want to short this pair on market open. Sweet engulfing on a 4 hour with a second bearish candle to confirm a sell bias for me. If the price does move up to hit my SL, I do foresee looking for a backup entry for a sell again, but it will depend on the market conditions and what the charts present to me then. Lets see as July also starts around midweek this...
This could potentially just be a day trade if it goes in our favour. 3 tps altho its a under 100 pip trade. The 3 tp values are just to help trail your SL. if it hits SL fret not. we have brand new data to take our next trade!