Three charts to offer food for thought on Tuesday

EURUSD.   See my previous chart  here  .Looking weak still. Price filled and drilled my first target and bounced up towards my 1.1820 level on Friday, where i placed another short trade. My second target is situated around the 1.1660 area .

 

EURUSD H4 update

USDCHF  I featured swissy in my Friday post  here

My view hasn’t changed. Opened a long trade at 0.9755. Some resistance to overcome in the short term. I’m watching for price to clear the 61.8% fib and the green trendline (highlighted by the yellow box) for a continued move to the upside.

 

USDCHF-H4 update 1

AUDUSD   Several  banks have suggested short trades in Aussie. I tend to think the safer pips have been made and i am neutral from a technical viewpoint. The 50% fib and support area around 0.7730-10 would be my first target. Seems i missed the boat on this one in the run up to the RBA announcement.  Going to sit this one out.

AUDUSD-H1

 

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

Pin It on Pinterest