GBP/CHF just catching my eye as it has a nice range on the 1Hr time frame with resistance being at yesterdays high. Price on the 4hr (top left) making high highs and higher lows and price right at the top of the range so a breakout to the upside could put me in long. Entry will be on the lower time frame in the usual way above the breakout high and the stop will be after the pullback low.
AUD/USD
A pair that I don't usually trade but that someone brought up on one of the forums and I have been watching it since. Great example of resistance turning into support on the 4HR (top left) range can be seen on the 15Min and the 1Hr, my bias is bullish so only looking to buy a break to the upside so no short breakout.
Very dull London session for me with not much moving so not much to really report, US markets open and still not a huge amount of life. Looking like it could be a slowww day....
No comments:
Post a Comment