Ascending triangle formed after a 9-month monster rally followed by a correction period. Price seems to have graduated from its uncertainty and ready to keep that rally going. Support held strong in the past two weeks and I feel that the risk/reward ratio is excellent on this trade. Positive vaccine news could act as a catalyst. - Target Entry $1406.15 - Target...
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NZDUSD H4 - DXY pushing marginally above 93.350 ish, need to keep an eye on DXY resistance to see if it breaks upside, if it does we can expect continuations of ***USD bears and USD*** bulls. Just marking up some setups and zones for consideration. Best practice to wait for the dust to settle and see which zones holds before entering.
Ascending Triangle formed into an Uptrend Corridor and new support confirmed multiple times in the past 3 days. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $3275.86 Suggested Stop Loss $3202.77 Target price $3647.41 Note that I tend to adjust stop losses in order to...
EURJPY H4 - Currently sitting on that retest point we marked up yesterday, literally just pinned into 400 support and is starting to pullup again, a few other ***YEN pairs look like that should have more downside mileage.
AUDCAD H4 - I've marked on the bullish structure here because of the support significance, I think we should see a bullish reaction before breaking the neckline and potentially filling the double bottom, big fan of buying from support more so than selling from resistance, so usually catch an eye for these setups more than short setups. Just need to be patient for...