Market still in a down trend. Looking to take longs around the 1.08 region.
Long from current region. Short at 1.6450
A lot of potential for long positions at the current region. After a big push up from the ecb news last week, price rejected the daily trend line but not enough to suggest a break out of the cards. Price is now rejected our support region highlighted. Waiting to see if we see more rejections to confirm a long trade!
Nice short setup on the AUD/NZD. Waiting for the rejection of the current region in order to see a break out of the pattern. Instagram: @thetradebase
Longs are very possible from this level. A lot of pattern confluences + key areas of support.
Another simple and effective set up - anticipating a pull back at the highlight region. What's your thoughts?? Instagram: thetradebase
Wait for rejection confirmation in the right shoulder region.. trade could be a 300 pip trade.
Hoping to see this pair come short before going long. A lot of trend line confluence on the long. (marked with arrows)
Price has reached the bottom of the weekly structure, aligned with a nice fib setup (golden box). Near term short could be achieved before going long!
Third touch on ascending channel completed. Stop loss reasonable wide as EUR/GBP has more downside to come. Possibly another push higher before falling.
False break/rejections of the daily descending channel. Anticipating break of 4h ascending channel.
If we can see a break past the highlighted region then an upside target of 1.1450 can be achieved.
Level of resistance marked in purple. If price can break this level we can see our upside target achieved