Sup, forex brothas!
Whether you worship shopping and selling the majors or you’re more into comdoll crosses, I acquired yo aid with these fast and swing commerce opportunities on EUR/USD and AUD/NZD.
Procure ’em whereas they’re hot!
EUR/USD: 1-hour
Is it me or has EUR/USD peaked in the brief?
One that you would imagine reason is that the euro has reached the 1.1750 deal with, which had served as range aid aid in August.
What makes the chart more difficult this day is that there’s a low key double high on the 1-hour chart factual as Stochastic is forming a that you would imagine bearish divergence.
Shorting at the moment levels would yield boss-diploma threat ratios particularly if EUR/USD drops aid down to its September lows.
Ought to you mediate that euro bulls are factual taking a breather, nonetheless, then you definately will even wait till EUR/USD trades above 1.1750 and purpose for in all probability retests of the 1.1825 and 1.1900 outdated areas of hobby.
AUD/NZD: 4-hour
Who’s up for some comdoll construction shopping and selling? I hope you’re!
AUD/NZD is having disaster making new highs above 1.0825, which isn’t horrible for the reason that diploma lines up with the 4-hour 100 SMA and a channel resistance that hasn’t been broken since mid-August.
Command the Aussie will lengthen its downtrend in opposition to Kiwi? It is in all probability you’ll presumably presumably presumably fast at the moment prices and space your stop losses factual above the SMAs for a first rate threat ratio.
Ought to you’re one amongst them Aussie bulls, although, then you definately will even wager on an upside breakout as soon as AUD/NZD with ease trades above its construction line resistance and sees some bullish momentum.
Real success and staunch model shopping and selling this one!
Forex Chart Settings:
Gradual Stochastic: 14,3,3
100 SMA: Blue line
200 SMA: Red line
The post Chart Art: Style and Retracement Setups on EUR/USD and AUD/NZD appeared first on FOREX IN WORLD.