Regression to Mean (RTM) 4H Chart, Day Pivot in Trend. (Min 5 days) Day Chart, enough space for 2:1 to move back to the Mean. Entry: 4H Candle Close above Pivot.
Sell USDCHF on close of candle below the Flipzone.
Trendline broken. 20SMA broken, with large momentum candle. Enter on retrace bar for SELL
PA suggest BUY is still in play. Good R:R in the trade. Next structure level to be tested.
Trading in at structure level. This range will be tested. I am in favour of SELL. Waiting for topping PA for confirmation.
Buy on breakout of the downward trend line. This is 3rd test of the support area. Price above 130, should take it to the next structure level 131.
Price below 146.50 could be a strong sell to 143 area. Weakness in GBP definitely.
AUD has been really weak. Poor performance. I think a lot are watching this pair, and waiting for the completion of the H&S, on the upside. So only way to trade is to wait for the confirmation. I should be taking BUY trades at the right levels to mitigate risk, as this might range a bit more.
This trade will require some patience. I would consider taking a BUY once the important structure area is tested. Otherwise, playing the trend continuation at this level will require a large SL.
Sellers tried to come in to push EJ, but looks like there's still some buying pressure. Will have to wait for another confirmation before entering a Short. Recent uptrend is quite strong.
The recent uptrend even with the announcements on Brexit news, shows theres still buyers out there. There are a couple of structure zones that need to be tested, so watch price action.
Looks like a bear flag. Could go much lower. Watch PA.
AUD looks ready to pop the 0.7130 resistance. Let it breach. Aggressive play - buy on breakout Conservative play - wait for breakout, then retest of structure.
Took a SELL trade as I am bearish biased on this pair. That 1.600 supply area has held quite well. The last couple of 4Hr bars came in strong to push price down. Let's see how this pans out.
Price trying to break out of the downwards wedge. But previous structure holding things back. Would prefer a break out and convincing close above 7220 to consider BUYs.
With Brexit news coming and going. Expect choppy PA. Identify clear price zones and trade what u see. Last push up didn't breach the middle structure level. So wait for confirmation, the bias is LONG in my opinion. But who knows some "person" making news on Brexit deals could move price either way. Best to stay out until, sudden momentum in the market.