Purely a technical setup that I am testing. NOT TRADING IT. Its too easy to make tech setups look pretty. But looks count for nothing in this game, especially when their depth is less than 50 points. I will watch and see.
The USDCAD I expect to bounce off the strong line of support and have a nice LONG bounce day trade. The STOCH is also strongly in the oversold position heading up.
The AUDUSD is forming the right shoulder as we speak. I am going to make a small quick play on the AUDUSD LONG until it finishin the formation of the shoulder. Then I will SHORT it until we get to the support line deciding if we keep going down or rebound to new highs.
Bounced off long trend of support and will head back up to next resistance spot! Plus stoch is hovering around oversold and looked to be reboudning soon.
Testing support for the second time and looks to be rebounding up and heading in the other direction for a nice scalp. The Stoch is hovering around the oversold position suggestion a nice LONG scalping opportunity.
Following the main channel down causing micro trends going up and down. with the macd heading down long range but crossing up short term. Plus the Stoch is heading up from the last Low temporarily back up to hit a new Low High. so for a day trade I would do a LONG position on EURUSD for a nice scalp and then play the channel until we see a break.