AUDNZD
I wrote about this pair few times. It is in dynamic bullish trend since the end of October. Last few sessions is a bearish correction which reached yesterday to support area and 21-period EMA and rebounded quite dynamic. There was a Pin Bar candle created, I set sell limit order on 50% retracement. SL is 40 pips and TP 350 pips.
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EURCAD
Another interesting situation on EURCAD. Yesterday there was dynamic break of resistance, another candle tested it from above creating Pin Bar and confirming change of resistance into support. I set buy limit order on 50% retracement. SL is 25 pips and TP at another resistance, 150 pips higher.
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EURJPY
On this pair we can also see some signal. I see 3 possible scenarios:
- Break below and close below mother candle (its range is set on green). Then we can set sell limit order on 50% retracement of signal candle, SL is above.
- Break above, going back to mother candle range and opening short position with market price and SL above signal candle.
- Break above and close above mother candle. It will be long signal and I will set buy limit order on 50% retracement of signal candle and SL below it.
GBPAUD
Pair reached to strong support and for now is rebounding from it. Trend is too strong to play long position but it is worth to wait for break of this level, re-test from below and then opening short position.
GBPUSD
On Cable I delete yesterday buy limit order on 50% retracement of Monday’s Pin Bar. It happened because price tested last highs where we could find local maximum and went away from enter moment for about 100 pips. All of that together with strong bearish trend cause that I can consider long position only after another buy signal.
USDCHF
Yesterday there was buy signal on this pair. It is in dynamic bullish trend and after breaking strong resistance it went to bearish correction. It is obvious opportunity to enter long positon so we should consider setting order with SL below earlier resistance (now support).
