28 September 2022
Potential Trades for this week

Here’s some thoughts I have about the market this week.

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The basics of my strategy involve using Stochastic at the H, 4H, D, and W timeframes to find trades that last 3-5 days and make 100-200 pips each (focus on the D and 4H timeframes mostly). I also use price action (SR lines are drawn based on the weekly timeframe) and look for news and COT reports which might impact it, so it’s kind of a hybrid TA, FA, and price action strategy.

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With that being said, here’s what I’m seeing.

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**AUDCAD**

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It recently rebounded off a resistance line at 0.96549, however looking at the H, 4H, and W timeframes it appears like it’s going to test that resistance line again this week. I’m suspecting later this week it will do a hard bounce and start working it’s way towards the support line around 0.93544 but I don’t think this is a good point to enter yet. Look for the H and 4H Stochastic to start indicating downward momentum (which may be a few days) before entering. Potentially 200-300 pips here if timed properly.

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**AUDNZD**

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Stochastic is suggesting upward momentum at the Daily and Weekly timeframe, however the 4H is showing it may turn downward for a bit first. I’m suspecting in the next 24-48 hours it’s going to start heading back up to the 1.07391 SR line. Look for the Stochastic to reverse to bearish on the 4H stochastic, then enter for a potential 100-150 pips.

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**CADCHF**

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This was hovering near a resistance line at 0.76654 for almost 2 weeks and then it started falling over the past week. It looks like it’s starting to recover and head back to that point, but the H and 4H Stochastic suggests it’s going to drop a bit (likely over the next 24 hours) and then it will hard bounce and head back up to the 0.76654 level. Look for Stochastic on the H and 4H to indicate bullish movement before entering, should get around 200-300 pips.

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**CADSGD**

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Looks like it’s going to continue downward for the next 24 hours and then do a hard reversal up to 1.04921. As above, look for Stochastic on the 4H to indicated bullish movement, I’m estimating a day from when the market opens to hit this point. Then there should be a good 150-200 pips as it launches upward.

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**EURCHF**

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Upward momentum is indicated by Stochastic on the H, 4H, D, and Weekly timeframes. Don’t usually see all 4 timeframes indicating the same direction. I see this making a pretty quick climb up to the resistance level at 1.14589. Potential 150 pips here. Unless something wonky happens when the market reopens I plan on going on long on this within a few hours of the market opening (rule of thumb – I don’t enter trades within the first hour or two of the market reopening, weird things happen).

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4 charts posted here: [https://imgur.com/Kgt9OaK](https://imgur.com/Kgt9OaK)

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**USDCHF**

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This is an interesting one, it’s been humping a major resistance line a 1.00145 for quite a while. However H, 4H, W, and M Stochastic are suggesting it’s peaking, this could suggest a major reversal is coming soon, potentially down to 0.95946 where the next SR line is sitting. The D Stochastic is showing upward momentum, I think we’re going to see some really erratic behavior here but over the long term this is going down. If the D Stochastic showed downward momentum this would be huge, but right now it’s throwing a monkey wrench into this.

yönetici

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