Starting 2020 with a possible sell on AUDUSD @0.7015.
TP 1 0.6940
TP 2 0.6880
December was trending upwards. Possible reversal for the month of January. 4HR doji candle formed and an evening candle followed, indicating a reversal.
USDCHF sell @0.9980
TP 1 0.9940
TP 2 0.9900
The pair is at the top of an ascending trendline. This should be the last touch of the trendline. The pair has reached this high a few candles earlier. There is also a fib line intersecting with the trednline at the current price. 1:2 risk to reward ratio. The pair has the possibility to break the lower...
Possible long on CADCHF:
Previous reversal point and the daily hammer candle suggests a rejection to the downside. The break of the trendline would add more confirmation for the pair to reach the target to the top. Potential to catch 180 pips.
Gold sell @1473
TP 1 1466
TP 2 1462
4hr trendline setup inside a daily trendline setup. Trade taken because of a 1hr bearish engulfing candle. The idea is that price reverses on the trendline near TP 2, however it could break analysis. Also, based on how long this trade takes, TP 2 may be adjusted. Hopefully the trade pulls through and my analysis is...