lucasAT

lucasAT

A great technical pattern in and around major support/resistance levels. CHF has been an outperformer this year as SNB come out of negative rates for the first time in a long time to combat inflation. CHF also has gained from safe-haven flows as USD has been weak and yields have fallen. AUD has been weak and I’m looking for CHF to continue to outperform AUD.

lucasAT

GBPAUD long setup anticipating further AUD weakness next week. Invalidation below trendline support.

lucasAT

Technical long position taken at the end of the week on EURAUD. Price held my resistance turned support following some deviation. We still have monetary policy divergence with RBA on pause hiking rates whereas ECB remain firmly hawkish with recent data showing some resilience. The significant resistance around 1.6400 could be broken to the upside. Near-term...

lucasAT

support fakeout. limit order entry. target 3%. supported by gap weakness

lucasAT

I'm expecting dollar strength and a risk off tone to the market next week and therefore expect GBPUSD to fall. This pair has recently formed a double-top pattern at the 1.37 resistance level and has broken the neckline to the downside. I am looking for a pull back into the 50% fib before seeing price fall to the downside.

lucasAT

Carrying on with the dollar strength, I expect silver to fall to the downside after pulling back to a 50/61.8% fib level following the corrective trend being broken.

lucasAT

EJ has broken below a very key support level and has a lot more room to fall to the downside. Will be looking for a pullback in this pair to look for sell positions.

lucasAT

I'm looking for a short position on USDJPY into the next week. I expect price to come a bit higher before moving to the downside and breaking below the support of 103.6.

lucasAT

EURUSD shorts. Price has broken out of an uptrend and has made a deep swing to the downside, creating a lower low. Price has pulled back into a 61.8% fib level and created some bearish price action. Im looking for lower timeframe pullbacks to enter short position.

lucasAT

AUDUSD has made a pullback into a 50% fib level and looks to be forming a neat H&S pattern. this is confluent with the dollar index showing strength. I will scale down to the 15Min timeframe where another H&S has formed upon rejecting the fib level. I'm looking for a retest of this neckline on the 15Min timeframe to go short as shown below.

lucasAT

GBPCAD has formed a double-top formation on the 4H Timeframe and broken below its neckline. Current bearish price action (evening star) is now forming on 4H timeframe following the retest of the neckline. Below shows the GBPCAD chart has formed another double-top pattern on the 15Min timeframe. I will look for a retest of this neckline on the 15Min targeting 1.706...

lucasAT

Gold finished last week with a very strong bearish move to the downside, driving below the previous significant higher low point. This move is inversely correlated to the surge in the stock market and US treasury yields. I will be looking for a pullback in this instrument to a 50/61.8% fib level for a continued short to the downside.

lucasAT

Euro looks weak against the AUD and presents a shorting opportunity. 4H Timeframe shows a current bearish candle forming. Looking for a pullback to go short as highlighted.

lucasAT

Gold has broken very strongly through the key level of around 1900. Now I'll wait for a suitable pullback for a long position.

lucasAT

Intraday lower timeframe short on GBPAUD. On HTF, price has broken out of the recent uptrend swing and now price may present an opportunity to move to the downside.

lucasAT

Here, we have gold in a descending channel where price is currently testing a 61.8 level which is confluent with the upper trend line. I’ll be looking for dollar strength in the market to coincide with gold weakness over the coming week. If the recent higher low visible on the 4H chart is broken to the downside I will be looking for a suitable pullback to enter...

lucasAT

Recently price struggled to break above the 73.82 level for some period of time, with many wick rejections off of this level. Price recently broke above and has come back to the level and is showing some rejection now acting as support. Short-term potential long opportunity.

lucasAT

Head and shoulders has formed on AUDJPY. Price has broken below the neckline. Currently looking for a retest of neckline to open a short position.