Last week my Mechanical strategy selected 5 trades for us to trade, with 4/5 trades closing profitable. +229 pips Gained Audcad trade from last week EurAud trade from last week
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Weekly Daily GBP/USD – Look To Buy Into Weakness If Price gets Above 1.2510 Resistance.
Trend: Bearish Daily Key Levels: Daily Level 1.2510 S&R - Monthly Level 1.2407 Price Action: Possible raid & reverse of key Low. Notes: I will be Buying this instrument into weakness if price can get above 1.2510. Price needs to get back to above of the level. Targeting a move to 1.2640 Weekly Daily AudCad – Look To BUY on bullish price action at key resistance turn support.
Trend: Bearish Daily Key Levels: Resistance / Support = 0.9200 Area Price Action: Raided Key lows on a Htf and now looking to buy retest of this Daily area. Notes: The bias is Bullish whilst price holds above 0.9200 resistance, I will be buying into weakness whilst price is contained above this important price zone. Price is retracing back to the level. Targeting a move to 0.9284 DAILY H4 USDCHF – Look To Sell Breakdown Below 0.9897 Resistance Area.
Trend: Bearish Key Levels: Resistance 0.990- Target 0.9766 Price Action: Currently in correction phase of a bearish move. Notes: The bias is bearish whilst price holds below 1.00 resistance, I will be selling into strength whilst price is contained beneath this important price zone. What I need to see now is a break of the 0.990 resistance to target a move to 0.9766 NZDJPY – Look To BUY on bullish price action at key resistance turn support.
Trend: Bullish Daily Key Levels: Resistance / Support = 72.30 Area Price Action: Price has broken above key resistance, Now looking to buy retest of this area. Notes: The bias is Bullish whilst price holds above 72.30 resistance, I will be buying into weakness whilst price is contained above this important price zone. Price is retracing back to the level. Targeting a move to 73.60 |
Dominic JamesTechnical based trader sharing my thoughts Archives
December 2020
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