Quite like this set up. Entered to early but decided to hold on now that it is looking to bounce off the 200 hr MA
Watching AUDCHF to a head and shoulders. Could tie in nicely with the 50-60% Fib.
AUDCHF - Resistance on the 1hr 100 EMA - Short 50 pips
I actually had an earlier trade on this which just hit my SL but with some strong candles. I decided to stick with my idea and place another trade.
Quit like the look of this set up.
Price has bounced the last 4 time of the 4hr 200ema. Will it bounce a 5th time? Let see
Been waiting a while for this to break short. Coming to the end of the wedge. Lets see what happens
Following on from another idea posted on GBPUSD. I set up this trade yesterday. I was looking for a bounce for the bottom of the channell. I have set a larger than normal SL as I expected this may happen (which is has) and now looking for a bounce off the 1.2647 zone.
I have set up EURCAD for a 150 pip long trade. I will TP before the strong resistance line, before seeing what the pair does on this test. It looks to have bounced nicely off the 100EMA and should see too much resistance as long as it can break the 1.517 zone.
Following on from my last idea. Im at a support line which i cant decide which way its going to go. Will it bouce and go back up to test the recent high. Or will will so USD push down.
Im looking at a possible 300 pip move on AJ. If price can break the current resistance on the pullback. I dont see much in the way up to 72.527 I dont not recommend anyone taking these trades. These are just my ideas and thoughts.
USDCAD has reached the end of the wedge. Possible long
Im seeing AUDUSD being short for the short term at least. The blue lines are the long term channels before Covid.
Further to my last GU idea. I think it’s likely that we will see so back a forth between the resistance area (1.226) and Support area (1.209). Before the next break.
I like to keep this as simple as possible in my charts. I’m also new to trading and I’m enjoying learning a lot from this community. These are just my ideas as to where I thing the markets may go. I welcome all advice and criticism as I hope to improve my knowledge.