- Overall bullish market sentiment on daily timeframe
- Clearly respecting dynamic support
- Retracement to 50% fibonacci level
- Bullish market structure with higher highs and higher lows
- Wick rejection indicating bulls starting to step in and strengthen USD
1:6RR, 2% risk, let's see how price action develops⏳
Buy Limit 150.844
Entry position is touch of lower trend line of channel + 0.786 fib level & Support/Resistance level
Aiming for raise to upper trend line & -0.27 fib @ 152.138
Any feedback greatly appreciated
The pair we were watching closely yesterday, caught a great close on that yesterday before seeing rejections, hopefully we see something like this unfold, very much what we saw yesterday with CADJPY.
Eastern corrections following by EUR/LON continued bulls, same goes for EURJPY. CHFJPY isn't correlated like those other pairs so much because of risk...
Quick short term day trade set up on USDCAD.
Higher low, breakout of lower timeframe wedge yesterday, trendline and EMA supporting price.
This could go a lot higher than TP1 shown on the chart because USD is weak across the board so plenty of upside.
AUDUSD is back at 0.66800 support zone and is showing signs of buyers at this level once more.
I am looking for a potential bounce of this zone now and price to make its way back up from here now.
Dependant on price closing above the support zone on the daily timeframe but I feel there is a lot fo upside potential for this pair.
The GBPUSD wedge was finally broken last week and price made a new higher high on the 4hr chart.
Price is now back down and retesting the upper wedge trendline and 0.786 fib retracement level.
This is a good chance to buy in on the new bullish trend that might become apparent over the next few days and weeks.
US Crude has now reached the $52 support zone once again. This has been huge sell off in a fairly short amount of time with Crude dropping over 20% in less than a month.
A long position at this support zone could prove profitable if price holds up and begins to regroup.
Nice rejections of the $58 support zone and daily bullish trendline.
This trendline has provided many buying opportunities recently and it looks to still be holding strong. I am looking to trade crude oil up to $65 resistance if momentum can take it there.
Possibility for higher prices.
I am looking to long AUDUSD if a few criteria rules are met.
A break of the bearish trendline and a higher low forming would be a nice entry. Price has bounced off the 0.68500 support zone once again and I think the 1hr bearish trend could reverse now.
Look for price to break and retest the trendline and 1hr 50EMA.
USD weakness going in to the rest of the...
Long trade entry on US Crude oil. The gap up over the weekend has been filled, daily pivot level is acting as support and the 1hr trend looks nice and bullish with higher highs and higher lows.
I am trading this one up to $62.50 where I will take profits and potentially look to short US crude down to new 4hr/daily lower lows.