Updated lower trend line but the price movement is the same
It's all on the chart, Please ask if you are unsure
This is my thinking on AUDCAD for the week or so. the chart speaks for its self.
EURGBP is approaching strong support. I anticipate the support holding and the price remaining within the long term consolidation zone between the shown current support and resistance. My trade plan for this year is a buy limit at 0.8360, SL 0.8275, TP: 0.9225 If however it does break through the support then I have set out possible paths down to 0.7200 Given...
I am waiting until this hits the lower side of the channel. If I see rejection here I will trade long to 1.7165 which is the top of the channel as well as 50% on the fib, from here I except a continuation to the down side, possibly to as low as 1.6.
This is my idea for GBPAUD. We are in a rising wedge so will expect a break below the wedge. So I am selling and will look for rejection and the bottom of the wedge to possibly buy back to the top. Be careful as this might make a false break down before coming back up to the top of the wedge where I would expect the final push down.
This is my idea for a long swing trade on AUDCHF I am looking for a long at 0.66660 when we hit the resistance shown on the chart
This is my idea on AUDCAD - Tom me if looks like its forming a Bearish Crab. If this is the case I would expect it to go up to resistance at 0.093144 before turning bearish to come back a find resistance around the level of the 200 MA at about 0.922
We are in an symmetrical triangle on the Daily, but looking bearish on the 1H so my plan is to wait until it retests the bottom of the triangle again and then go long back to the top. We might see some resistance or testing of the 200MA
It looks like this is respecting the descending channel on the Daily. Therefore I am selling back down to 84.75. I have set a SL at 88.4. If it hits my SL then it has broken the channel and a long trade will be in play, but until then I am short
I expect USDCAD to continue to drop to 1.26 and then reverse. I will be taking a long as shown
My view on CADJPY long on the 4h. I'm waiting for the break of the line show and then to the top of the channel
All is going according to plan so far, I expect it to resist a little at 87 but then carry on to the final target
GBPUSD - Long as long as it stays within the area shown. There is a chance this will break below the channel if it does wait for the re-test and go short.
Looking at the fib I wonder if it could break back into the channel and hit 1.618 on the fib
It has reached the top of the bull flag which it broke out of. Wait for it to either break back into the channel at which point you can short to 0.868 Or If it closes above the blue resistance you can go long 0.882
NZDCAD - Sell Limit Open: 0.88209 TP: 0.86881 SL: 0.88500