chomunoglu69

chomunoglu69

I am looking to long AUDUSD as the weekly key level between the monthly range was broken and re-tested/rejected from twice. Moving averages on the 8H timeframe are looking up but this setup is against the overall trend, enter with caution.

chomunoglu69

I can see many confluences adding up with this pair such as a trendline break and a re-test after trend reversal which started on the 25th of March as well as an exponential and simple moving average crossover. I am expecting upward movement, bouncing from the 50% fib retracement level which lines up with the trendline and a previous significant level as seen on...

chomunoglu69

I am looking at an excellent buy opportunity for GBPAUD with a 30 pip stop and a risk/reward ratio of 7. Looking for a bounce of the weekly key level of 1.8250 towards the monthly support of 1.8500 after the exponential and simple moving averages cross.

chomunoglu69

After the trendline break and a re-test of both the trendline and the 1.4090-1.4070 zone which was a prior day significant range, I expect a downward movement for GBPUSD as the simple and exponential moving averages have already crossed. One thing to look out for is the major news releases that are released soon which can blow the whole position. I recommend...

chomunoglu69

After the rejection of the monthly key and psychological level 1.2400, and a re-test of the resistance trendline I'm expecting a continuation of the downward movement after (if) the exponential and simple moving averages cross.