Pipcrawler

My positions in both EUR/AUD & NZD/CHF have been on the move, so it’s time to do a quick assessment and update ahead of the weekend!

Cautiously hopping back on to the EUR/AUD downtrend now that the market is retesting a previous area of strong interest. Time for the sellers to take back control?

Well, that didn’t last long! I decided to close out my USD/CHF long, partially on a change in price action, but mostly on what seems to be a shift in sentiment.

Last week’s pick up in volatility slightly changed the price picture for USD/CHF, but not my directional bias. Here’s an entry adjustment to make sure I don’t miss this opportunity.

Looks like sentiment is shifting for the Pound, & with the Greenback finding support, I’m switching my focus to a different forex opportunity.

The RBNZ signaled a pause in rate hikes, which forex traders took as a signal to sell NZD. I’m still long biased and entering with a different technique now.

EUR/AUD found its way lower to retest recent swing lows, but with a potentially bullish catalyst coming up, it was time to adjust my forex trade.

GBP/CHF has been in a textbook uptrend since March, with every pullback an opportunity to play the trend higher.  Is the slight pullback we’re seeing a similar opportunity?

With fresh geopolitical news & risks, I’m not looking into entering into new forex positions right away. But there’s an interesting setup forming on NZD/CHF.

I’ve been in EUR/AUD for a while now, long enough for the picture to change. Here’s what I’m seeing & how I’m adjusting my forex trading plan.