For those who want to play safe and don't "buy the dips" it is *almost* time for $SPELL to pick up and grab a train for an upward movement🧙♂️
A closure above the .02 level and following retrace not below the previous low would suggest a strong BUY signal🔼
I will buy with 100 pips stop loss if an H1 candle will break the trendline at closing price . I see AUDCAD in a strong correction of an uptrend on the daily chart, just looking for a further breakout upwards. This could be a good chance to jump on the train quite early!
AUD is performing well but i see this retracement a good chance of catching some good pips. 4h is breaking, might not but 1h has already broken on a good divergence, I will take this trade now. 100 pips stop loss. If this trade goes down nicely it could give 200+ pips.
The short momentum is weakening, a lot of divergences and a 3 point trendline will mean a buy if broken (broken at close price). It should give a 80-100+ pips profit. Wait for Buy at retrace after the close of the breaking 4H candle!
Might look like there is an easy short on the GBPUSD 1h/4h but I consider it very dangerous, since there are no divergences AND a huge triple divergence on the daily. I'll be looking for a Breakout on Daily timeframe of the trendline to go for an easy and neat Long. Just IF the Daily candle will close above the trendline.
