Aussie is now in strong bearish trend and it stays below support (now resistance), so I still wait for correction to enter short position.
On Friday I waited for sell signal on this pair. It showed up, but it was very huge and dynamic. It is hard to play this kind of Outside Bar, I should have set 100 pips of Stop Loss. What’s more, the closest support is 200 pips below. We just have to wait for another signal.
I was looking short opportunities on this pair. There is big Inside Bar setup, but there was no bounce of this level. Two H4 candles created nice Fakey and if market will open near Friday close, I will open long position. Stop Loss is about 35 pips, top is 130 pips higher, and Target Point for this order will be resistance 300 pips higher. However I would still look for short positions too.
Cable stopped at key support. If there will be buy signal on daily chart it will be opportunity to open long positions. If support will be broken, it is worth to look for short signals. The perfect spot will be previous support, which (if broken) will turn into resistance.
There is still trangle pattern on this pair. On Friday there was an attempt to break above, but it didn’t succeeded. Only after lasting break I will start to look for signals. You can start using Price Action and invest on Forex market using XM broker.