Looking for AU to go short from here. Possible trade plan for short possibilities.
A pullback to retest resistance at the short zone highlighted in grey will give nice entries for shorts. A retest of resistance and a break of the trendline and we should be good to go.
GBPAUD is nearing a key level. If this resistance Trend line can hold then we could see this pair start to distribute over the next week or 2 and start a move down. Price did however bounce off the monthly Support which lines up with my 38.2 fib line. Its actually broken it then come back and re-tested it so it could make its way up to the 50% fib retracement...
Potential trade plan for AUDUSD buys. Price is coming of a nice daily support and demand area. If we can see a inverted head and shoulders i like this trade to hit the 3 areas i have targets at.
I am looking for NZDJPY to make a move to the south side here. I would like to see it come back up to form a right shoulder then breakdown lower outside of the trend channel i have drawn up also verifying the demand zones i have highlighted in green
For the week coming up i am looking at EURNZD shorts. Price has come back to retest the top of the descending trend channel. The 1hr chart is what i am most interested in as there is a clear double top and strong reversal pin bar which i have highlighted. I like price to cntinue along the smaller channel before breaking out south, retesting the bottom of this...