ahead of the Brexit vote tonight (GBP) and michigan consumer sentiment (USD) GBPUSD technically presents a long opportunity, if fundamentals align could be a big move up on the ascending wedge. RSI points up and looks to have broken past 50 MA. Strong support annotated by solid red line
BUY from strong support of 123.80. RSI approaching oversold on hourly
Short to 0.7002, capped by long term negative trends fundamental data for the AUD supports the sell. Technically descending channel is supported on weekly time frame and stop losses can be set quite tight for this trade. Stop set above 0.7200 with take profits rought 150 pips down 3:1 reward to risk
GBPUSD looks interesting for a short term BUY. Ill be exiting before NFP tonight and set entry orders depending on position in the wedge.
Approached top of negative trend line and met resistance on a strong rally, possible retraction and then break for downside in bearish triangle
Daily confirmation candles signal a BUY from strong support, looks like a great BUY for the coming days. Long term negative trend line caps take profit at 1.1370. Also could break to the downside soon with a possible bearish triangle formation on the daily over the long term. EURO Data (high impact) -ECB Monetary policy (11hrs) US Fundamental events next two...
AUDNZD approaching strong support of 1.0255, ideally BUY positions open from there but daily candle shows a bounce, I'm entering this trade with stops set below 1.0255. Not trading advice* just my own idea of where the market will go. RBNZ rate statement tomorrow could push this up if dovish sentiment from NZD comes through. 50 and 200 day MA still indicate...
AUDJPY is stuck in an ascending channel short term trade preference is a sell but will stay in ascending channel and trend line, so look to buy the lows until a breakout occurs. FX:AUDJPY Will look to hold support of 79.20 before a possible bounce on support and continuation of that trend line
AUDUSD short on the hourly trading inside triangle patter and above long term daily trend pattern since Jan. Drop to 0.7210