Welcome back to setups and charts which will help you position. While we wait for the equity curve to lift over the SMA to resume full trading, please find the charts below as trade justification
gu480
GBPUSD 480M has an inside bar after a prolonged fall. The inside bar highs are 1.6724 and hence a long with a stop below 1.6696 will b e a decent buy opportunity. The target for this move can be found below 60 min chart of the GBPUSD.
gu60
GBPUSD 60min has 100 SMA at 1.6774 which could serve as a target for a move from inside bar of the 480m
eu480
EURUSD 480 has inside bar and hammers at 1.3600. This is a difficult trade but worth a go for a bounce to 1.3640 of extended oversold lows. But pairs can remain oversold for extended periods and therefore a long here is merely a speculative play with weak arguments.
au480
AUDUSD 480 is maing a bullish reversal but the current bar should ideally have posted a higher high than previous bar of .9328. So it is uncertain if the pair will post another high towards 9340 before falling or whether the current bar will lead it lower.
ac
AUDCAD presents a clearer opportunity than AUDUSD as the pair has a inverted hammer and bearish reversal both inside of 1.0125 inverted hammer. The Inverted hammer is also a doji making it a strong case for a short.
gu480
GBPUSD 480M has an inside bar after a prolonged fall. The inside bar highs are 1.6724 and hence a long with a stop below 1.6696 will b e a decent buy opportunity. The target for this move can be found below 60 min chart of the GBPUSD.
gu60GBPUSD 60min has 100 SMA at 1.6774 which could serve as a target for a move from inside bar of the 480m
eu480
EURUSD 480 has inside bar and hammers at 1.3600. This is a difficult trade but worth a go for a bounce to 1.3640 of extended oversold lows. But pairs can remain oversold for extended periods and therefore a long here is merely a speculative play with weak arguments.
au480
AUDUSD 480 is maing a bullish reversal but the current bar should ideally have posted a higher high than previous bar of .9328. So it is uncertain if the pair will post another high towards 9340 before falling or whether the current bar will lead it lower.
ac
AUDCAD presents a clearer opportunity than AUDUSD as the pair has a inverted hammer and bearish reversal both inside of 1.0125 inverted hammer. The Inverted hammer is also a doji making it a strong case for a short.
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