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Main Pair Ideas

  • Writer: Steven
    Steven
  • Jan 27
  • 1 min read

USDCHF

Wave-unit developing off divergent lows. If price shows support at 0.9045 (daily lows close) it might lead to a correction breaking above 0.9060 the consolidation boundary; a wave that might be the beginning of a larger bullish move. Structurally price could develop bullish patterns from here however, there is a lot of room for more consolidating patterns.




EURGBP

Lower-highs yet to be established on this pair. Likely area is between 0.8430 and 0.8450 intersecting with a daily high close and a descending upper trend line. Stronger expectations for activity in this area.




GBPUSD

Lower-high could develop between 1.2450 and 1.2650. Will be watching it develop closely.




AUDUSD

Three good areas to expect resistance and a possible lower-high: the trend line at 0.6390, the weekly low close at 0.6415 and the August lows at 0.6480.



EURUSD

A relevant high could develop here at 1.0500.




USDCAD

Higher-low rejecting from a daily low close produced a bullish wave with good volatility. Taken with the divergence this suggests another higher-low could produce a similar bullish wave of good volatility. Watching 1.4320 closely for smaller higher-lows or changes in volatility that might indicate this interpretation is correct and give us a precise entry.




Good Trading.

 
 
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CONQUEST STRATEGIES

Blog of an Australian Currency Trader, Steven Conquest. 

 Trading Ideas, discussions, setups and strategies are posted weekly.

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