Primed Watchlist: expecting strong EUR & DAX and 4 other trades
Hey good morning from Limassol! Gorgoeus day ahead of us and we wish you the same!
So our watchlist consists of a few pairs, 4 to be exact but we do have 3 active trades...
Below are are the necessary details
WATCHLIST 23.1.2020
Big ECB day... big EUR moves?!
EURCHF: At key support
Price action slowly but surely heading down to a key trading level.... this is what we saw with XAGUSD and usually indicates weakness of the momentum holder, in this case the bears.
What this shows is a chance of a really strong bull push!
CADJPY: Possible bull contraction
Im not too keen on taking this but its worth being in the watch list as thats what the watchlist is for... find POSSIBLE trades... watch them, prepare and if they are valid go!
Here we have RSI very low... a possible bull contraction at a key support level.
AUDJPY: Possible bullish continuation
We have a breakout of a medium-term down trend trendline and a test of it happening now... and easy target would be the 120% as it lines up with a key resistance.
Really nice day trade (24 hour life value)
DAX30: Looking ready for the bulls!
A contraction leading to a key level supported with a reversal candle and RSI pretty low
So our watchlist consists of a few pairs, 4 to be exact but we do have 3 active trades...
Below are are the necessary details
WATCHLIST 23.1.2020
Big ECB day... big EUR moves?!
EURCHF: At key support
Price action slowly but surely heading down to a key trading level.... this is what we saw with XAGUSD and usually indicates weakness of the momentum holder, in this case the bears.
What this shows is a chance of a really strong bull push!
CADJPY: Possible bull contraction
Im not too keen on taking this but its worth being in the watch list as thats what the watchlist is for... find POSSIBLE trades... watch them, prepare and if they are valid go!
Here we have RSI very low... a possible bull contraction at a key support level.
AUDJPY: Possible bullish continuation
We have a breakout of a medium-term down trend trendline and a test of it happening now... and easy target would be the 120% as it lines up with a key resistance.
Really nice day trade (24 hour life value)
DAX30: Looking ready for the bulls!
A contraction leading to a key level supported with a reversal candle and RSI pretty low