Hi Trades ! this is Nouman . The beautiful Short oppurtunity comming up on aud/usd . Hope to see market 350 pips to downside . A clear Breakout on channel as shown . a retest to trendline . Lets Ride
Recent Price Action: Bullish
Pattern: Rising wedge (short-term correction)
Long-Term Momentum: Bearish
Short-Term Momentum: Bearish
Bias: Short
Action: Potentially enter short position after price breaks 4H trend support. Otherwise, wait until price closes and tests trend support on the daily chart.
Comments: Price had a strong retracement after a huge sell-off....
AUDUSD is testing major resistance at 0.7542 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7476 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction...
Overnight, We have seen USD yields touching 3.1% 7 year highs. We are seeing the market starting to price in 4 hikes in 2018. The USD has pulled back somewhat overnight. The yield differential, the DXY holding 93.00 and an upward revision to Retail Sales make for a strong USD picture.
Overnight we have seen some risk off as North Korea have threatened the...
Price seems to almost be locked in a range between monthly resistance and monthly support. While it has been making lower highs, it has not been able to break the .817 level. It also looks like the is just a minor correction in a major bear trend. As long as U.S. continues to climb higher this pair will keep falling. I took a short position 2 weeks ago and I...
From 13/01/2016, between each two major swing lows, there have been following intervals
1. 93 bars
2. 153 bars
3. 97 bars
4.153 bars
The fifth circle has already started with the first swing low on 08/12/2017.
Assuming the above is replicating, the next swing low will be between 18/04/2( 93 bars ) and 22/04/2018 ( 97 bars ) and a possible swing High around...
Pending Long @ 0.7610
Stop Loss @ 0.7480
Target @ 0.8100
RR Ratio @ 3.77
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
just a basic H4 view let see a bearish engulfing anf not pass is down T-mine since january high can make think he can down to a psychological leval of 0.7700 with amid bad china ppi and cpi and geopolital tension+ an hawkish FED bad on good us CPI report..i not play it because market very confuse with all tension from us and other country..but i let you see he...
