Will be waiting for TCG to hit one of the two orange support lines before opening a long position.
The thicker support has recently only been hit within a day of trading so if a candle closes at the less thick orange line chances are it won't go down to the thick orange line
Tendency on the GBP/AUD is upwards, as we're already above resistance I expect this daily candle to close above the support.
Afterwards there is to be a small pullback expected in the coming days. My call would be to short the pullback and enter a long position at the orange line.
USD/CHF will probably head lower once again after hitting the orange resistance line. Will wait for it to climb further up before placing a short order
Previous idea on this pair:
After the inverse head and shoulders we can expect USOIL to head higher and break above the resistance. Shortly after there'll probably be a pullback.
Note: I'm Not actually trading this idea because I already have 6 open positions at the moment.
Placing a short order on the orange line. This level has been tested several times and the pair is likely to bounce on this again.
S/l and taking profit should be clear
We have finally broken out of the period of consolidation with the EUR/USD and therefore I will be placing a long trade on this pair. After this pullback I am expecting it to make a higher high again. Shouldn't be too much risk involved with a S/L at the thick green line
Lower lows and lower highs have been indicating that we are in a downtrend on the USD/CHF
Will open a shorting position around the 0.99200 mark if the market moves to this level.
s/l 0.99350
Target 0.98700
