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Pound, Aussie, Euro Analysis

  • Writer: Steven
    Steven
  • 9 minutes ago
  • 1 min read




I've gone through the latest ideas on these 3 pairs against the dollar. Refining and consolidating my analysis to achieve clarity we find here very simply almost naked charts with the most relevant contextual elements.


Aud

Collapsing into a neutral consolidation, broadly looking like a triangle pattern. The daily engulfing provides one small reason for a bias towards longs at the possible higher lows.


Gbp

Fairly good ideas present on both sides here. The consolidation produced in between this tension (hopefully) will generate a nice opportunity for us early next week as orders wind up betting on each idea respectively. Watch price develop through this consolidation and try to find signs that one side is more likely to come out on top before taking a position yourself.


Eur

Pulling back into longer term fibs. There is a small position that could arise within this bearish movement on both the eurusd and eurgbp. We will need to see confirmation in the form of an s-wave though before we're interested in anything here.


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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