Here we have a nice set up for AUD/USD. On the weekly chart we see a nice doji followed by a bullish engulfing candle at support (0.665). I am expecting for price to pull back to my green zone(buy zone), where I will be entering long after price action confirmation, or I will be entering long once we break the current downtrend(blue).
I have just entered a long trade @0.671, and I will be buying more if price drops and respects the green box. If not then my stop is just below 0.665(50 pips). I am expecting a move this week, more so to the upside. Good luck, and trade safely.
Another daily candle with price unable to close below 1.083. The most important part to keep in mind for EUR/USD is that there is a gap that hasn't been filled since 2007 and we are now just above the gap, and price seems to be hesitating to push to the downside. I am expecting price to rise from this point. If the price drops then I will wait for a set-up @ 1.052.
EUR/USD is currently at a very important price zone. The price had gapped above current price back in 2007 when the French President was elected and we are now back to the same price. I am watching for price to either close the gap or rise from its current price. Wait for the set-up please, I will be updating!
Update - Price is currently at my buy zone, so far it's looking good. Watch for price rejection(wicks, doji followed by an engulfing candles on smaller time frames 5, 15, 30minute charts). Please trade safely.
I am looking at a potential re-test of the Brexit high (2006 & 2020) since price has recently climbed its way back to 2006's Brexits high and is now showing bullish momentum from current price zone(2 Bullish engulfing candles on the daily chart @ 1.92). I recommend that you wait for London session before entering.
EUR/ZAR is in an obvious up-trend. Price broke above immediate resistance and now has pulled back to re-test 16.06 and we have seen 3 consecutive trading days close above 16.4 with a closed bullish candle following a doji(daily chart). Wait for London session before entering, if price respects 16.06. Please don't forget that this pair is extremely volatile as it...
Nice breakout of the downtrend, price is re-testing a double trend at the moment. Going long with a stop loss just below the uptrend. Will wait until London/NY session before entering.
We are at a major immediate support zone. There is also a gap just below the support that still hasn't been closed. I am looking to go long, once I receive confirmation(currently a daily doji candle at support, waiting for price to move up). If price breaks and closes below 0.86 then I will be shorting it. Will stay up to date.
Just thought I'd put this one out since it looks nice overall (if you wait for the set up). I will update on this pair when I find that it's ready to make a move.
This is one of the easiest Forex pairs out there. Price is currently at a major support, and we have a nice bullish engulfing candle on the weekly chart, making higher lows. This is a long term trade set up, therefore I will be buying at the current price since risk is very very low.
AUD/JPY has gaped down and the gap has since been a clear resistance. Will be watching the 4H chart for entry. Looking to sell either when (orange) uptrend is broken, or if price goes back up to the gap and rejects from there. Pay attention to the candle sticks! (Dojis, engulfing, hammers, etc) for confirmation! *Bearish set up is invalid if we get a close above the gap.*