Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
AUD/USD DAILY DAILY BEARISH A,B,C,D, FIB HAS RECENTLY BEEN FULFILLED. BOUNCE TO THE UPSIDE EXPECTED TO FORM A NEW LOWER HIGH BEFORE FALLING TO THE WEEKLY OVERALL FIB 2 TARGET. FRIDAY THE 19TH DECEMBER DAILY CANDLE CLOSE NEARLY SCRAPED A BULLISH ENGULFING BUT NOTHING SUBSTANTIAL IN TERMS OF BULLISH MOMENTUM. DUE TO FULFILLING THE DAILY FIB D EXTENSION AT...
The AUD/JPY rally from 10/16 to the 11/21 peak was remarkable but since then price has been selling. From a fundamental stand point both currencies have reasons to weaken however the Japanese have acted more decisively in weakening their currency. Price is now sitting on a potential line of support. Will the bounce come here and send price over 100 and beyond?
Everything is on the chart! Keep it simple :)
We've had a short break (a while ago) and have retraced back above my target entry point. This gives a great risk reward ratio since I didn't get in on this originally (wasn't watching pair - note to self need to script/automate setup identification!!). Anyway I'm now in short to T1 and then will reduce position and set trailing stop on remaining. As per all my...
Follow up of my previous chart. Things look a bit clearer on 5 min chart. As I've said, price bounced @ main channel resistance line and pierced hagopian line (pink). I'm waiting for the correction and a slight bounce, ideally @ 0.8745 Potential entry point in the green circle. Stoch must be preparing to go down. ~1 hour ***again my downward channel...
Addition to my previous chart: just in case the price explodes up after the GDP release, we can still go short if it bounces @ larger channel resistance line or Hagopian line (pink)
This channel seems solid. If the price hits the resistance line, wait for the slight bounce and go short. Ideal entry would be in the green circle. However, this is valid only after the GDP release (orange vertical). Don't initiate any trade before that. *Price doesn't have to move exactly according to my arrows. What's important is to hit the resistance line...
Higher risk since we're in a downtrend, but could be worth. Support line 0.879 cracked but the price quickly turned back. Lets say the price continues up and breaks the channel resistance (blue circle) corrects back to support line 0.879 and bounces back up again. That can be a great spot to go long (green circle). It doesn't have to play out exactly according...
AUD/USD have a Bat Pattern all of the pattern traders already entered right now they make this pattern 0.618 then after Elliott wave traders going to control the market. Be careful with your enter point and Stop lost because still we have a bearish trend Hope have nice journey...
Reasons for entry : - PRZ, structure - Potential gartley -> FE AB = 127.2% - Maybe RSI divergance SL : - Above structure TP : - FR 61.8% of XA, structure
Apologies as the previous post only showed one chart, while I'm looking at three timeframes simultaneously
All of last week I was short the AUD/USD and this netted some decent pips. NFP data did stop me out but my tight parabolic SAR trailing stop (4H chart) ensured most of last week's move was bagged. The question is whether the downside bias will continue. I think it will and have entered short as we are testing the kumo from beneath on the daily chart. I expect...
I have been short the AUD/USD pair all week on the 4H time frame and this has been a good trade. On the daily, we have no broken through the Kumo to the south and this could potentially see a larger downward move. The smaller time frames show that prices are creeping back up (I think) to re-test this area of the Kumo (0.9321 to 0.9340 area) and trend line above....
Note: I got rid of NZD/USD and USD/CHF. NZD/USD pretty much correlates with AUD/USD while USD/CHF correlates with EUR/USD, so I figured it was redundant to analyze both pairs. ------------------------------------------------- Interesting Pairs: AUD/USD - Bearish - Price tested the broken trend line last week and bounced down - Price retested the same price...
Curreny pair bounced off of major support level that is in tact since beginnig of April. Also, it was bottom of bull flag. As it broke up intermidiate resistance level it caught some follow through. I am bullish and will be watching for buying opportunities on 50% pullback close to 8/21 EMA or if it will go through 0.93118 it may attract more active swing...