Very possible with the forecast of lackluster USD data coming later today. The setup is already in a descending channel. Last time we traded this pair, we made a great deal amount of pips from a break of an ascending channel. Lets wait for an entry short!
Remember I said AUDJPY will fall out of the sky?
The idea for the EURAUD short played out perfectly, 82 pips were bagged. Now we have a new out look on EURAUD for the following week.
Good R:R here, with trend line confluence from the weekly time frame.
We entered short before, got out in 35 pips profit. Here is another shot.
Brought to my attention by one of my clients, Larry. Good find.
USDJPY playing out perfectly for the team, USDCAD should follow suit.
A nice rejection off of this CTL would be nice.
Time to take out the three trend line touches.
Two key levels to be tested, price has spent quite some times at this levels.
Quickie.
BREAK and CLOSE ABOVE OR BELOW EITHER LEVEL WILL SEND THE PAIR THEIR