Possible short trade setup being formed. This analysis is based on trend lines , price action, support/resistance zones and sentimental information. It is a high probable trade with a relatively small risk to high reward ratio. I'm really looking for the SELL. Enjoy!!!!!
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.
When Price Reaches A Threshold Level Predicted By Our AI The Market Shows A Strong Response By Moving The Price In One Direction.We Are Currently Testing Our System But Here Is A Trade That Has A High Percentage Of Completion.To Follow This System We Need A 0 Spread Account As We Need Both The Orders To Execute At The Same Time (Hedging) .It Is A Trend Following...
This should get the larger selloff started..
The 1.054 price has been respected since January, if this price breaks before a retracement expect upside of 1.07. The price is currently in a rectangle consolidation phase, and has been since mid June. Until this breaks, look for scalps.
Current situation: - Price is at the bottom of a range on the daily chart - Price is consolidating on the four-hour chart Looking ahead: - Waiting for the price to break on the four-hour chart with a close above 1.0550 to enter long. - A break and close below 1.04 would mean a failure of the longer term range to hold and continuation of the current downward...
The AUD/NZD pair is finding support along familiar line. An idea hear is to go long with stop loss placed below support line. Also it appears that a bullish Head and shoulders could be forming on the weekly chart.
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maybe aud/nzd will fall after a small expanded triangle up
Well currently near 61.8 Ratio area==golden area to short+RSI==overbought.....Could see a reversal back to 1.0970 area....If it bounces back down for a third time==triple bottom or inverted head & shoulder pattern.....Can try to buy it again later.....But currently it has to form the right shoulder :p......Current structure looks incomplete :p
This pair could be ranging for some time to form complex wave 4, harmonic patterns are most suggested here.
No, I do not know what the future will tell me . However , my trading system tells me that basically in a lateralized market I must purchase a support . I use pending orders by security and await a high candlestick , which occurred on Friday . I have a pending purchase order and if the market is not in my direction , has no problem because my stop loss is well...