Retraced to support zone. Offering a decent risk reward trade for a long. Look for confirming signs of buying first
A simple trend type of trade. Long UJ on retracement to the previous support and resistance areas. Looking for a minimum 1.5 reward to risk before entry. Stops must be below previous support
Retracement to prior support area is an opportunity to start looking for shorts. Also at the 20EMA. The 1.3345 area is of interest
After consolidating a bit and a false breakout, there may be a chance to get SHORT AUDNZD. The market broke down past support. Look for retracement to key areas for shorting
AUDJPY broke down through previous support quite quickly. Look for retrace to prior support area to enter SHORT.
UJ is retracing a bit after reaching 104. On the H1 there may be opportunity to go long if the market gets nearer to 103 However, it is Sunday evening before a US Holiday, so I would prefer to stay out. Also of concern are the strong red bars
Possibly continuing trend. Long on pullback to previous resistance turned support?
A pullback to 102.38 area may offer a really good risk reward.
AUDNZD has been in a downtrend. However, the trend may be weakening as shown by recent higher lows, moving averages crossing over, etc. Best to wait for breakout in either direction before entering a trade
AUDUSD broke down below support levels (both the H1 and H4 time frames). The 20EMA moved below the 50EMA on both H1 and H4. Possible areas to short are 7600 (aggressive style) or 7660 (slightly more conservative)
AUDUSD was moving down on the H1. Last couple days has flattened out. Look for opportunities to enter short on break of trend and retrace? Alternatively, an aggressive entry short right now is OK for some people as it is near recent resistance
Previous resistance area. Possibly ranging as well. 1.3X1 reward ratio makes this a decent opportunity
Looking at the intraday moves. NU could be wedging upwards and looking to break out long. Currently at 0.7322 the risk reward is about the same for either a short or long trade. However, since NU entered the area coming up. I prefer a LONG ever so slightly. Main concern is the slightly lower highs. However, they are not unreasonably lower highs.
EURUSD currently in no-mans land. I'd rather wait to see it out of this range before taking a position
Possibly a good risk reward opportunity on this break of resistance and retrace?
Possible short entry on NU? H4 shows 7320 was previous resistance back on August 11. Could be decent risk reward targeting the bottom of the range
NU didn't make higher high and close. Also appears to break the trend on the H4. Possible signs of rolling downward. HOWEVER, it is at a point of prior support at 7220 area. Could also be ranging
Lower lows and lower closes. If the market retraces to the 7630/7640 zone I may consider looking for shorts as a trend continuation type of trade.