4H candles are suggesting some support around the 1.2240 area. This is the lowest the pair has been since August 2017. I have entered long at 1.2274, see how it runs.
Simple really, looking for a bounce from the trend line to correct the price. Pair is bearish but could snap up couple(100) pips before it drops again. Cheers.
Predicting a short movement on AUDNZD. This is a more long term trade with a larger R/R. The 382 fib was respected well from the 24th of June 19 and the 5th of July 19 and I normally like to trade off the second touch of it as I believe it holds some weight. NZD was not strong enough to push past the red zone highlighted on the last occasion, however news from...
First few candles of the new week should dictate if we can squeeze some pips from EURGBP from the start of a new week. I do believe this pair is going to reverse very soon, perhaps from news on tuesday/wednesday however it is likely that this will continue long until then. Although bullish strength is weakening there has still been higher highs and lower lows....
Looking likely that cable is going to test the 382 levels again. Hopefully today it will bypass them and we can look towards a large bullish move. Nice closing on the candles and is continuing to rise. I have entered the trade at 1.2549. SL - 1.2520, tight stop loss I know but bypassing this price I think will mean a continuation to the downside. No TP set...
Really liking the look of this going long. No entry as of yet as waiting for the London session to commence. Daily candle from yesterday is suggesting long to continue with the trend. 4H chart is testing some fib lines now but 5&20 averages have doubled up giving a nice long signal. Will update on entry come the morning and see how it goes.
For intraday traders. Crossover of 5&20 Moving averages on 4H chart providing long signal. 4H Fib levels likely to move towards 0.382 retracement and continue trend. I entered at 1.25410 TP - 1.25760 SL - 1.25200
News today is going to dictate the direction on this I feel. From 4H fib the last swing has bounced nicely from the 382, however EUR/USD seems to be forming signs of an uptrend from recent weeks. Currently sitting on the fence with this one pending news today. if 618 fib is broken I will be entering long. Holding off short. Post your thoughts!