Price is at a strong daily support lets see if we can push higher from here.
We have a major support level on $51.40 and $50.50, So price should continue down to test them. Now all we need is the setup: Break of the trend line, retest it as resistance, and then go Short to the support levels
If we get a click break of the correct market structure on the 1hr chart we can look to take a short position into new lows
AUDUSD long after the fake out on the support area and 71 FIB level
Wait for a correction back down before taking long Decent R\R of 1:3
Wait for the break and retest of the trend line, then go Short
After a retest of the trend line, we're waiting for the break of the consolidation.
Moving in side the triangle pattern. If price will break and retest the lower line - around $60.70= Short (Major support at $60.25) If price will cross and retest the upper line - around $62.70 = Long (Major resistance at $63) Always make sure you take at least 1.5R on your risk. Feel free to leave comments and suggestions below!
EUR looking good for the down side. but always wait for a scenario.
Following the strong bearish momentum, we are seeing recently on GBP pairs We can possibly see this pair creating new lows before correcting to the upside
Waiting for DAX to break te support level and retest it as resistance! Enter at the break of a consolidation / red candle. Stop loss above consolidation / red candle.