In the above picture GBP/USD on monthly time frame, please note that I am not talking about any trade set-up. But I saw a beautiful Fibonacci Retracement I thought you may not want to miss. You can see that the price tested twice there for a good reversal. The second time when it tested it formed a pin bar indicating the trading opportunity.
AUD/USD Sell entry:
In the above picture, AUD/USD on weekly time frame we have a good trading opportunity. The price tested the resistance level forming an inverted hammer.
I have placed an conservative entry trade, Sell at 0.9824 with stop loss at 0.9933 (Aggressive stop loss).
An Aggressive trade set-up would be sell at 0.9881 with stop loss at 1.0032 (Conservative stop loss).
USD/CAD Buy entry:
In the above picture, you can see USD/CAD on weekly time frame with a not so good hammer formation. This is not a very good trade set-up. Still for aggressive traders there is still an opportunity because the support level what you see there is marked on both monthly (reddish / brown line) and weekly (blue line) time frames. So if you want to buy, buy @ 2.025 with stop loss at 1.0074.
If I get time, I will update the analysis again.
Good luck.
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