On the 4H we have a cross over of the DC and EMA which indicates bearish momentum, this the 1H has a beautiful bearish continuation pattern. More details in video soon!
Short Day Trade, on the 5, 15 and 30 minute chart we can see bearish divergence occurring. We lost the move that took us to the high on the 5m chart. If we lose the 1hr/30m move to the high we should prepare ourselves for a move lower to 1.04450 area.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.6950). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.6950). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Use this as a guide to develop your view of the chart: Main items we can see on the Daily chart: a) The price is inside an ascending channel (primary structure) b) The price bounced from the lower trendline of the ascending channel c) We can see a corrective Structure that has been broken with a bullish movement d) We expect a continuation of the long...
Caught this before a nice +60 pips move to the upside. Price rejected support and the overall bullish direction could gain momentum from this area to retest previous highs.
Managed to catch this last night on the final rejection of the 1.7 area. This fits in with all other EURO trades I broke down at the start of the week, now watching closely to see where we go next from here.
EURAUD has broken the neckline of a head and shoulders pattern after a long run to the up side. Target 1 and extended targets for higher time frame swing traders
GBPAUD restested the strong key support/resistance area box. This will be a good re-entry/continuation trade for the pair. AUD news coming out in a couple hours which is looking positive which could push GBPAUD lower. Check out the 1h chart or the 2h chart and you'll see price reversing exactly at the key area box. Some good indications but if you place a...
AUDCHF broke downtrendline we r waiting price exceeding resistance level at 0.6338 to open long trade Price is supported on SMA 100 on H1 frame It's expected for coming strong bullish wave to target first key level at 0.6437 then target supply zone near HVN at level 0.6566
Managed to catch this trade last night. Saw numerous rejections of the drawn area, and then was seeing a rejection of the trendline and managed to close above. Will be looking out to see if we can break previous highs throughout today!
AUDNZD doing very well, going to close for +170 pips. Long term trades are the bomb eh?
Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Bullish takeout of shortterm short holders. 4 HOUR New LH formed, down now! DAILY Overall bearish market with upsite pullback, great short entries! - FOREX SETUP SELL AUDCAD ENTRY LEVEL @ 0.88170 SL @ 0.88920 TP @ 0.86670 RR: 2.0 Use 0.5% risk! (Remember to add a few pips to all levels - different...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6585. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6645. TP4: R2=0.6675. Set the stoploss of these orders at breakout of S2=0.6565. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6585. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6645. TP4: R2=0.6675. Set the stoploss of these orders at breakout of S2=0.6565. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...