We are currently awaiting the signal to buy on AUDUSD - Set an order at 071616. We are expecting a pullback into the area, this will create a double bottom, we will be aiming for TP2.
Wait for confirmation before buying into this trade.
We will be looking to take a Short Trade on the AUDCHF.
For this plan to work, we must see a pullback to 0.72294, this is a previous resistance level and is just below the previous support level.
We will be looking to Take Profit at 0.71117
This isn't necessarily a trade idea, but more for curiosity.
Based on the 4-hour chart the upwards trend is still going strong, i am unable to see that the trend is going to reverse any time soon.
I have had a look at the fundamental news from last week. The US stock markets ended the week with declines. This provides us with further evidence that this pair...
USD/JPY Intraday: further upside.
Our preference: long positions above 113.00 with targets at 113.60 & 113.75 in extension.
Alternative scenario: below 113.00 look for further downside with 112.85 & 112.55 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
AUD/NZD intraday: the downside prevails as long as 1.0850 is resistance
Our pivot point stands at 1.0850.
Our preference: the downside prevails as long as 1.0850 is resistance.
Alternative scenario: above 1.0850, look for 1.0870 and 1.0890.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration...
I have marked the Pivot at 80.46 I am placing my (1st) Stop loss just above the Pivot at 80.53, if you are feeling like you may want to take a little more risk, go for the (2nd) Stop loss at 80.92.
I have set 2 take profit targets. If the trade goes in the direction i want, then i will be looking to take 50% profit at 79.42 and if the trade continues, I will...
I want to see what happens, with this signal. The indicator has shown that this could be a potential short trade. This is in a downwards trend. On the 3rd bar after the signal which will be at 22:00 bar (Blank Arrow) this will be where we would enter the trade. The Stop loss has been marked, this is the last level of resistance.