The market is trading just below a trend line (the centre of the channel) dating back to the 3rd of the month. Momentum has been holding below the .3899 level. A break of the .3899 on momentum and the centre line of the channel on the market price will open up a long position aiming for the 114.20 area.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
WITH A CLEAR DOUBLE TOP FORMING , I AM EXPECTING THE PRICE TO HIT THE 0.38 SUPPORT ZONE ! THAT WILL BE A NICE 140 PIPS ! TP @ 108.350
PRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT. ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR. FOR BUY: ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL. FOR SELL: ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL. IN ORDER TO...
YOUR LIKE MATTERS : Give it a like if this has helped you in any way , follow for more ideas and daily updates. check out my AUDUSD idea linked below, there is still a chance to enter. NO EARLY ENTRIES, always watch for strong price action. It's better not to trade than loosing money.