Medianline
AUDUSD: Key Support Level to Watch for LongsPrevious structure and the sliding parallel of the upsloping pitchfork consist a key support level to watch for a buy setp. Price is retracing towards the level and we better keep a closer eye for a buy setup completion. In such case sl and tp should be placed as shown in the chart.
EURUSD: Buy Opportunity at Key Support LevelAlthough EURUSD seems to be moving in sideways, looking at the 4h chart what we may see is that price is moving into an upsloping channel in a working slope. Price is now retracing towards a sliding parallel where previously found strong support - highlighted into the chart with the grey marks. In case it reaches the parallel I am personally going long with sl and tp as shown into the chart.
All the best,
John