AUDUSD and NZDUSD - 60min Timeframe - Nice Buy Setups

2018年6月26日

Similarly to NZDUSD, also AUDUSD is craving for upside. This could be a shorter term buy than the kiwi dollar pair as it could go "just" to retest the daily trend line. However, it could also push higher and is a more than decent trade nonetheless. Watch out for breaks of the minor downside correction trend, for long entry points.

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2018年6月29日

註釋

Little late on schedule, but still happening. Watch for a small 60min flag type correction now, and buy the break of said correction with a stop loss beneath it. A little educational note: as you can see the pair went for a small drop this week and then formed a pennant / triangle type formation, which is considered by most traders to be a "continuation pattern". Well, as complex as trading turns out to be, and as a matter of fact if you look at thousands of chart you will find many of these, triangles tend to break both ways, just like this one on the 60min chart.