simaluis

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Overall, AUDUSD is trading sideways in a channel. The price has rejected key resistance and breaking out of the rising channel. The USD index is also becoming strong. You can wait for retest of the rising wage for further confirmation.

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The GBPJPY usually retests previous highs and lows before the London breakout. We are trading a 0.50 Fibonacci Retracement here; therefore, our SL should be tight.

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Pros: The price has rejected a key support level, resulting in breakout and retest of the trendline/50EMA dynamic support. As a consistent pattern, the price is targeting the previous high. Cons: This a q15-minute timeframe, and the USD index is very volatile these days.

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Pros: The price has rejected a weekly resistance level and broke the rising wage. It is now retesting the trendline of the rising wage at the 0.50 Fibonacci Retracement level. The price also failed to make a higher high and instead made a lower low. This level has acted as both support and resistance and has recently been respected. Cons: On the daily and 4H...

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The price has bounced at the daily support level, broke, and retested the trendline. Pros: This level has acted as both support and resistance level, has recently been respected, and it’s obvious. Cons: the USD index is unpredictable these days and can reverse at any time. The 50EMA is right above the price and no long wicks.