simratm450

simratm450

Wait for the MA Cross over on the 4 hour before adding more positions. Could ride this all they way down.

simratm450

There seems to be a strong support zone that AU has respected multiple times over the past couple days, i will now enter a small position long and wait for another entry if possible.

simratm450

there seems to be a region in which there is confluence with two resistance areas that i have drawn, seems to be an important bounce or break situation.

simratm450

There seems to be a confluence of two different support areas which indicates a strong buy position. Will wait for the bounce or break before entering the trade.

simratm450 Updated 

Look for the break of the 382 fib to continue the bearish trend. Take profit at the key resistance level of 0.77500

simratm450

There's been a respected hourly trendline that is now resistance, a convincing close off of the trendline will signal a short opportunity

simratm450

AUDCAD looks like it will retest the hourly trend line and then either break it or bounce, very tight stop loss with a risk to reward of around 1:9

simratm450

Really nice risk to reward and seems like the trend line will be respected good short opportunity

simratm450

A second test of the daily trendline, if holds will signal a sell opportunity

simratm450

The retracement to .382 fib seems likely and there is a good possibility for a reversal as it is also in line with a resistance trendline, however wait for a confirmation candle before entering the trade

simratm450

0.236 fib looks like itll hold and will break the penant upwards towards resistance region at 1.33673

simratm450

Watch for the break of the temporary up trend, enter the short position

simratm450

NZDUSD is approaching a daily trendline, expect the breakout of the short term downwards trend. Bias is a breakout long.

simratm450

EURGBP is approaching a major daily support and is in the process of forming a head and shoulders pattern, a breakout short is a good possiblity. However look for a strong rejection to signal long positions.

simratm450

There is a relatively strong resistance zone there that has rejected price recently