Idk. I suck at this. I'm just drawing lines and stuff. Does this look accurate?
Looking to go long at price: .75178 sl: .75381 tp: .76412
This is triggered... should be taking off soon.
I drew this yesterday when I said AUDUSD signaled a double bottom and was about to break out..
Here's my bearish forecast for the rest of the week.....
Quick 34 pip long. I let myself get stopped out on my last AUDUSD trade, hopefully I redeem on this run.
Here's what activated maybe 1.5 hours ago.
Here's my USDJPY set up from last night that didn't trigger but instead chose to trigger the GBPUSD and lose my money... I'm mad..
Waiting either for some USD Strength or GBP weakness to buy at the daily resistance. May jump and trigger buy if buy limit not met.
Drawing out this chart I see that the UJ has an upward trendline which lies right about the .618 support of the weekly high/low... So... I'm going to go long at 101 and hope it doesn't break. If in the morning I wake up and my trade hasn't triggered I will delete..
I think the Yellen speech will strengthen the USD a bit, but it will not automatically react. Instead I'll set a sell limit between two fib resistance lines and look for a short and get money to feed my babies.
Playing for a short that should travel way back down to the .74761 level
Playing strength of the USD to carry currency up and resistance to shut it down either over night or when USD news comes in the A.M.
My last trade didn't hold. I lost 8 pips. I bought at the next support level. Low risk - Good reward.
This trade stalled out at the 1.115 level, I previously tracked a positive trend line the night before which predicted that around this level the EURUSD would give some type of support and possibly hold sending the hourly chart in the reverse direction. It held so I bought and placed a seven pip stop. If this level does not hold I will look to close out this trade...