I believe this pair has set itself up for run, and likely to give up to 2-3 RR. I would take partial profit at 2RR, break even and allow the remaining to run to 3RR
My bias is to sell Audchf, IF and only IF the 1hr candle closes below the 0.58626. Otherwise I am out. The bias is only valid for today.
I am expecting up to 2 RR from this. It has already triggered.
If the 15mins candle closes below 160.237, I will go short and expect 3RR. If it does not occur in the next 2 candles, I would let it go.
It is weekend; anything can happen, but I expect AUDNZD to regress, then take a strong bull as depicted.
I am expecting up to 3RR on this pair, but a regression down to 154.881 or closer is expected. I would target 3RR
I am watching out for the price to enter the mining zone, then take a short trade.
When the market opens, as long as the price remains below 0.72295, my bias is downwards; however, to enter the trade, the price must be close to 0.72210 and 0.72295
If and when the 1hr candle closes above the rectangle (1.220), I would enter the market, and look for 1:2.
depending on how the market opens on Monday, the path is my take, unless the market opens out of the it's zone at the moment.
I expect at least 1:2 RR, with potential for further gains.
I expect a few pip downwards, then upward move. Potential for a big RR of at least 1:3
This trade has only 2 enemies - weekend and Xmas holiday. Let’s see how it goes...
I project a minor retracement to the head of the arrow, then a trip down south.