But remain cautious esp regarding volatility from US-China trade talks. Weekly:
head and shoulders pattern failed and reverse back 1.06 if clear break occurs in a short time go long stop:1.0575 target:1.0680 good luck to all
please follow risk management...
We have a potential long setup on AUDCHF with two targets marked. Wait for a break and close outside of the structure before taking any positions.
with the closing on the red zone (resistance) ascending triangle will be confirmed. target is the blue zone. anywhere closing under the triangle with 2 hourly candle is my stop
confirmed dragon pattern and unconfirmed double bottom. just realized the dragon pattern so I will try to enter the position near the blue line. if not; I will wait to brake neck-line. closing under the support zone will be my stop-loss.
Here we are actively in the market for further downside in AUDJPY after retesting 78.6. => From a fundamental perspective the outlook in Australia continues to weaken. Credit, housing and confidence are all slowing and a dovish RBA is the icing on the cake. => The "positive" headlines this morning from the US-China trade is increasingly priced in and we see...
If we break and close under the flag pattern we can expect price to move towards the target zone.
With most AUD pairs seem to have reached key support levels and about to reverse up, and EUR going ranging, riding a possible immediate consolidation for this pair. Setting up sell stop order with 1st TP @1.56210 (38.2% fib), and possible to trail this until 2nd TP (0% fib) by next week, and hard SL @1.58 (few pips above its current high/past the 100% fib...
After a sharp decline in the AUD it looks like it potentially has found a previous SR Zone and formed a great looking head and shoulders formation, right shoulder has been set, will it go on to complete the formation? Stop loss would be below the right shoulder 79.72 with overall target at 81.76 for approximately 159 pips What do you think are the odds of it...
please see my thoughts on the chart FX:AUDJPY . this looks like a good entry point. please be careful and set your stop loss also.
Will likely retract to 0.7360 downtrend line in the shorter term (red arrow).
this would be a good on to jump in for a long. should get to the tip of the blue arrow. i would normally just aim for 70% of the blue arrow. please like and support :)
AUDUSD Finding support around the 0.75000 region, making HH and HL's - Looking poised to get to 0.7600. Daily Rejection looking solid, with the strong bullish close on the 4H. WIthin the descenting channel - looking to test the topside of the channel. A breakthrough of the channel high (0.76500) would lead to further gains in my opinion. Patiently waiting...
HAVEN'T POSTED MUCH IDEA LATELY SO HERE SOMETHING TO LOOK AT ON THE 4HR CHART OF THE AUDUSD, THE CLOUD IS BLUE, PRICE CLOSED ABOVE THE CLOUD AND THE FUTURE IS BLUE ALSO, RSI SHOWS WEAKENING OF BEARS AND THE BULLS ARE TRYING FOR A RALLY. ENTRY: BUY STOP 1 PIP ABOVE THE FRACTAL - IS AS SHOWN NOT A VERY GOOD POSITION AND RISK REWARD RATIO IS NOT THAT GREAT,...