Hello all
FOMC is done and dusted and there are lots of setups . Let's take a look at audusd.
I was expecting bounce on weekly and it did. Look chikou in open space now. Price bounced from supertrend and macd is rising. Bullish scenario
Daily is bullish as price closed above kijun . Macd is still down but close above kijun is enough for me. I don't use daily macd for signals . Just zero line for reference. Chikou is in open space as well.
4H is bullish as you can see it. it is pulling back now. I am long and target is around weekly 200 sma. I will be trading this only on daily time frame as both weekly and daily are clearly bullish. Close below daily kijun will be my exit or if 200 sma hit first.
Happy pipping
FOMC is done and dusted and there are lots of setups . Let's take a look at audusd.
I was expecting bounce on weekly and it did. Look chikou in open space now. Price bounced from supertrend and macd is rising. Bullish scenario
Daily is bullish as price closed above kijun . Macd is still down but close above kijun is enough for me. I don't use daily macd for signals . Just zero line for reference. Chikou is in open space as well.
4H is bullish as you can see it. it is pulling back now. I am long and target is around weekly 200 sma. I will be trading this only on daily time frame as both weekly and daily are clearly bullish. Close below daily kijun will be my exit or if 200 sma hit first.
Happy pipping