There is a larger Bat pattern on the pair. We are potentially forming PtC of the pattern, supported by the Buy zone.
Potential long at the Buy Zone to trade the CD Leg
I would like to see how the market opens next week.
- If resisted, it will probably head down towards the support levels at 0.6868
- If breaks above, it will at least head towards the next resistance levels at 0.7000/15
Let's see how this pans out next week.
Hi traders
I spotted a bullish Deep Crab forming lower at the 0.69 level
News :
- Aussie wage number came in lower than expected
- Chinese economic data losing steam
obviously it does not help that the tension of the US-China trade war is building up
I would expect the AUDUSD to continue drifting lower. Giving us the potential buy trade at the completion of...
Spotted Bullish Gartley Pattern to go long around the 141.80 levels
Will be looking to go long at these levels
However if the price moves higher towards the resistance levels (143.70/144.00) there could be an opportunity to short all the way down to the completion of the Bullish Gartley
The Crab pattern completed about a week ago and now price is back at the PRZ again.
I like that there is a current falling wedge forming at support too.
Spotted a Shark Pattern completing lower at around the 0.7062/78 levels
This downside potential to the AUDUSD this coming week is in line with the Risk Off scenario as the S&P is seen to be breaking and closing below the support Trend Line
On Friday, the stock market opened with a gap down and continued to see down pressure the whole day to close lower. It actually closed below the Trend Line support and we could potentially see more downside early next week.
Analysing this S&P chart, I see potential risk off for the coming trading week. Let's analyse other currency pairs to see if this support...
BABA completed the Bullish Crab Pattern. If you were following my earlier post on BABA (see related posts below),
you would know that I shorted this at the support turned resistance levels. Just closed that trade at the completion of the Bullish Pattern
Now I would see how the market opens tonight, see if there is opportunities to go long on this
Could this be...
At this moment, the charts seems to be showing us that it is at a Support turned resistance zone.
I see price potentially dropping further to complete the Crab pattern at around the $138 levels.
Let's see where this goes.
