This pair retraced from 0.813 now till around 0.800 . From the 4H candle, the break through of this level making this level acted as resistance level plus is a phsycology resistance level . So it will be a good attempt to buy at current price 0.802. SL at 0.794. TP around 0.81.
chwk87's Blog
AUD/USD
Yesterday , USD dollar go strong all other straight pair goes down and only this pair stay strong. And from today 1H candle, this pair attempts to break the resisatance level 0.784 till around 0786 but quicky rebound back to around 0.784 level. Buying at current price .07834. SL 0.78 with TP 0.79 and above.
GBP/USD
From the 4H candle , yesterday this pair broke through the resistance level 1.355 and go up till 1.36. Previous resistance level now should act as a support level . Buying at current price 1.356 . SL below 1.355 around 1.348 ( put bellow 1.35 as this level will act as phsycology level resistance as well) TP can be around previous daily high 1.363 or hold longer by observing the moving to see if it will break the 1.363 level and go higher.
AUD/USD
From the 1H , 4H , daily and weekly candle , this pair shows going up trend. So , enter a long position will be a smaller risk. If plan to take a longer timeframe position can just enter at current price at 0.782. TP1 around 0.798 and TP2 at the previous high 0.81 . SL can be around 0.77
EUR/USD
The last friday this pair breaks through the resistance level 1.195 and tested pyschology resistance level 1.200.
From the daily , weekly , and monthly candle , this pair is still in the up trend at the moment. It will be better to wait the price drop bellow 1.2 and buy and take profit around previous weekly high 1.208 at the moment as we have no idea if this pair will be able to break through this resistance level.
From the daily , weekly , and monthly candle , this pair is still in the up trend at the moment. It will be better to wait the price drop bellow 1.2 and buy and take profit around previous weekly high 1.208 at the moment as we have no idea if this pair will be able to break through this resistance level.
EUR/USD
From the daily candle, this pair break through 1.185 resistance level and went up till around 1.19 and rebounded back. The previous 1.185 resistance level now acts as support level. From the 1H candle, the long tail 1H candle to break through 1.185 showing this support level is holding at the moment. Buy at current price 1.1852 . TP around 1.1892 . SL 1.181. Not going to hold the position long as holiday mood is on at the moment.
AUD/USD
Form the daily candle , it keep forming the small candle at the resistance area 0.768-0.77 and the break through from this level still not success at the moment give a good chance to short at current price around 0.767 with SL above 0.772. TP can be 0.761.
GBP/USD
This pair is going up and try to break yesterday high but from 1H candle, it is hitting the resistance area of the M candle formation the is formed in 2 days ago. So sell it at current price 1.34. SL above the M formations around 1.348 and TP can be the previous low after breaking through and form the M formation which is around 1.342
AUD/USD
From the daily candle this pair is reaching the resistance area 0.769-0.77 . Although yesterday is a bull candle but does not break the previous day high as well showing a this resistance level still valid but from today 1H candle, this pair is raising to break the yesterday high but holding selling position will still be a better choice from the daily candle pattern. Sell at current price at 0.768 . SL 0.782. TP 0.761.
EUR/USD
From the today 1H, the bull candle is keep going up showing a buying strength and approaching last Friday high. So from the short term position , just pending sell at the 1.181 ( last friday high should as for for short resistance at least the this week first test). SL at 1.183. TP at 1.178. If the pair going up 1.18 but does not reach 1.181 and rebound bellow 1.18 . It will be better cancel it trade. So only entry if the first time try to break 1.18 . 2nd time test this level is better not to e…