HELLO TRADERS, THESE ARE JUST POSSIBLE TRADE IDEAS I HAVE IDENTIFIED ON THE H1 CHARTS(PLEASE CONSULT YOUR H4 AND DAILY CHARTS). YESTERDAY WE SAW THE DOLLAR STRENGTHEN OVER ITS MAJOR COUNTERPARTS AND THIS DOLLAR STRENGTH COINCIDED WITH STRONG ECONOMIC DATA, AS WE HAD A POSITIVE ISM READING OF 57.8, WHICH WAS A THREE YEAR HIGH AND EXPANDING FOR THE 97TH CONSECUTIVE MONTH. THE US MARKETS ARE CLOSED FOR THE 4TH OF JULY HOLIDAY SO ALL EYES ON THE RESERVE BANK OF AUSTRALIA. HOWEVER JUST TAKE A LOOK AT YOUR H1 DOLLAR CHARTS, MAYBE SOME OPPORTUNITIES THERE FOR DOLLAR BULLS.

ECONOMIC CALENDAR FOR TODAY
AUD – RETAIL SALES m/m, RBA RATE STATEMENT
GBP – CONSTRUCTION PMI
EUR – ECB’S PRAET SPEAKS
NZD – GLOBALDAIRYTRADE PRICE INDEX

AUDUSD H1

MARKET IS SIDEWAYS. PRICE CURRENTLY PULLING BACK TO DM3 RESISTANCE. STOCHASTICS IS OVERBOUGHT. DM3 TARGET FOR BEARS IS DM1.

EURUSD H1

MARKET IS SIDEWAYS, HOWEVER 55 ABOVE THE 21 SUGGEST BEARISHNESS. PRICE PRINTED A HEAD AND SHOULDER PATTERN BEFORE BREAKING TO THE DOWNSIDE. PRICE CURRENTLY TESTING THE NECKLINE RESISTANCE @ 1.29/DPP WHICH WAS PREVIOUS SUPPORT. 21 EMA ALSO PLAYING DYNAMIC RESISTANCE. STOCHASTICS IS OVERBOUGHT. IF PRICE BOUNCE OFF DPP THE TARGET WILL BE DS2.

USDCHF H1

MARKET IS BULLISH, 21 ABOVE THE 55. AFTER BREAKING THE RANGE TO THE UPSIDE PRICE PRINTED A HIGHER HIGH AND IS CURRENTLY PRINTING A HIGHER LOW. SUPPORT IDENTIFIED AT DPP, WITH THE 21 ACTING AS DYNAMIC SUPPORT. RESISTANCE @ DM3/DR1/DM4. DPP TARGET FOR BULLS IS DR2.

USDJPY H1

MARKET IS BULLISH, 21 ABOVE THE 55. AFTER THE DOUBLE BOTTOM PRICE PRINTED HIGHER HIGHS AND IS CURRENTLY PRINTING A HIGHER LOW. SUPPORT IDENTIFIED AT DPP, 21 ACTING AS DYNAMIC SUPPORT. STOCHASTICS ALMOST OVERSOLD. DPP TARGET FOR BULLS IS DR2.

AUDUSD H1

THIS IS THE FOLLOW UP TRADE TO THE AUDUSD CHART POSTED ABOVE. THE MOVE HAPPENED WHILE TYPING THIS PLAN, I HOPE Y'ALL GOT IT;)

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