For my notes. Don't trade this. Looks like tomorrow with non farm a push could come and either send AUDUSD to the .7550 or up towards .7663 (.618 retrace)
Setting up three trades before going to bed.. a Here's trade #1 This is for my learning only... not a free trade.
USDCHF in a bullish range and on a slow decline colliding between the .618 and .50 Fibonacci barriers. looking forward to a Long Trade at 1.00927 to gain a few pips while i sleep.
After RBA Decision to hold rates the bullish range continues and approaches the weekly resistance at .764 There should be plenty of scalping opportunities
light resistance at 1.33 a move to 1.34 plus trade balance news could send it back to previous week lows.
The .769 level has held for the past couple weeks. I expect it to do the same here since nothing major has happened to severely weaken the USD; I know the RBA wants the AUD to be weaker. And the FED wants the USD to strengthen. I should fall way past my TP, But this is good enough for now. Less that .3% risk.
I'll being going short here... paying attention to the ADR, the highest EURUSD will go is 1.07999; I've set my stop to trigger way before that number. If this trade is a loss, the loss will not be that bad. Roughly 20 pips or less.
Looking at this chart; I believe that Employment Change and Unemployment Rate will direct this pair either to the resistance line forming a higher high and then drop to the .72836 I'm a BEAR in this situation, and I want to be short at 0.7608; We will see how the numbers turn out.
For educational purposes only... I take profit at 1.04 because of positive resistance/channel
It's GBPUSD hours of the day and I'm seeing a short approach. This seems pretty safe to take. Waiting for the results.. (Should be a nice couple of pips) Comments?
Just hit a TP on a SELL.. Looking to go long with the USD rebound now.
Looking at selling at one of these levels for the Rate Change.
Heres my set up.. I think i might take the short still..
USDCHF has been in a range for weeks. With USD gaining strength, if hillary wins election it will continue to skyrocket towards .99054