FX:AUDUSD Trend = up on H4 + D1 I noticed a good level to buy from, the yellow bar marks previous resistance now as support tested perfectly. I will be building long positions given that the bullish engulfing candle pattern (buy signal) that has printed and working with the trend and level aligning up. IF you are a bit more conservative in your approach,...
#AUDUSD, @AUDSUD, Pair suspect bullish longer term for targets 0.7380 & 0.7450. AUD suspect strong seasonality basis, while USD suspect weak.
FX:AUDUSD After the massive wick I have been looking for a decent entry to go long. (I use the wicks as indicators - spike to the low, price goes up - spike the high, price goes down) Now checking on H4 I see a clear opportunity with great up side potential. 1. Trend line broken on H4 2. Bullish engulfing pattern printed on D1 (on support) 3. Hammer printed...
A bearish Cypher advanced formation just completed. Sell when the reversal starts. Targets are on screen.
AUD/USD: We are leaning towards more of a long bias with AUD/USD. We feel that we could see this pair push past .74, although we are not weighing out the possibility of a higher low being formed and .7050 met once more before pushing up to the .74 area
Here we have AUD/USD ,as previously stated I'm still potentially looking like two great trade set ups. I feel we will be rejecting off the .7150 resistance and we are going to come down and test .7050 as support. Although it's important to note this pair is looking very bullish in my opinion so shorts will come with some risk. If you'd rather be patient then you...
FX:AUDUSD What a beautiful drop after the double top formed at the resistance level - power! Price has reached the support level I marked up and the current candle is printing as a hammer (still needs to close as such) - I am getting ready to go long should: 1. The current candle close to complete the candle as a hammer (buy signal) 2. It would be ideal for...
FX:AUDUSD Head and shoulder pattern emerging The neckline is sloped upwards indicating that the bulls are still in control Price is still above the 200ema = bulls (for now, anyway) What's your thoughts on this pair?
1. A breakout to the down side occurred 2. Followed by a re test of the trend line from the under side 3. A sell signal would be ideal however.... I am taking an aggressive entry by shorting at market price 0.72356 SL Just above the breakout candle @ 0.72531 TP at the bottom of the rising trend around 0.70726 Always exercise healthy risk management :)
FX:AUDUSD 1. Breakout to the up side 2. Resistance being tested as support 3. Looking for buy signal to go long 4. If the support fails = no trade 5. More details to follow :)
FX:AUDUSD Based on the massive double bottoms found on EURUSD and GBPUSD which are both correlated to this pair to some degree I take note of the following: 1. Double bottom formation (will complete if today's candle closes as bullish as it is now) 2. Trend line is being broken 3. 50ema is being broken 4. The current candle is a great signal candle 5. Last...
AUDUSD – Aussie /dollar pushes higher from support after pin bars The AUDUSD pushed higher last week from the D1 pin bar buy signal at 0.7750 which . We see the AUDUSD potential for price to continue higher this week and potentially test resistance at 0.7890 to 0.7990 area. AUDUSD Traders who are not already long from last week’s buy signal can watch for...
We’re seeing strong resistance at 0.7698 to 0.7741 (50% Fibonacci retracement, 61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal swing high resistance, horizontal overlap resistance) and a strong reaction could occur at this level. Our next major level of resistance is at 0.7796 (breakout resistance, Fibonacci retracement) with our next...
Price hit resistance level on the daily TF that was last hit in April 2016. If you scale down to the 4H TF, Price bounced off the RSI three times before crossing down. If RSI closes below the trendline, we have a chance of shorting. The resistance and support lines are based on the Daily TF. Possible target can be at the 0.5 fib level or 0.77007 This is for...
Buy above 0.7577. Stop loss at 0.7556. Take profit at 0.7642. Reason for the trading strategy (technically): Price is now right on our buying area. We prepare to buy above 0.7577 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7642 resistance (Fibonacci retracement, horizontal overlap...
Sell below 0.7697. Stop loss at 0.7725. Take profit at 0.7634. Reason for the trading strategy (technically): Price continues to test major resistance at 0.7697 (multiple Fibonacci extensions) and we expect a strong reaction off this level for a drop to at least 0.7634 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing...