Happy monday traders Another quick update for the markets As you can see all the info you need is stated on the chart. As always keep the risk managed Oh and if you have any questions dont hesistate to contact me, id be happy to help! Regards
Quick overview of why I am bullish on Aussie pairs at the moment.
Another flag formation on daily, looks ready to breakout tomorrow with target at 8c. Very strong momentum on this one, watch closely
Bullish wedge on OCC daily; massive volume drop off, awaiting confirmation
Ascending channel playing out on WZR, broke resistance at 0.15, next target 0.17. volume slowly picking up
Remain cautious on the long-side given bearish divergence & the double top. Look to buy any pullbacks. A positive China Trade Deal or interest rate cuts may see ASX 200 reach new ATHs.
ASX200 has broken out of a bullish flag pattern.
ASX200 is currently correcting to its local support off the back of an overextended bullish move and collapsing stochastics. The most probable event is we see price retest local support, before a pause for consolidation and then a break lower towards major support. We expect major support to hold for long entry, provided the world macro environment stays stable,...
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The EURAUD appears to have closed below channel support that extends from the February low. However, the 1.3900 support area isn't far below Friday's close. I booked profit on my EURAUD short at 1.3907 last week for +190 pips. Depending on how Monday opens I'll be interested in shorting the cross again for a potential move back to the 1.3670 region.
AudNzd Trend Break - Above 200 ema on daily chart ;)
Price already break the upper blue trend line plus a long rejection due to NFP last Friday.. Maybe it will continue climbs up until pink resistance area before down for short. Peace
It is all about probabilities! Watch the resistance and the market will tell you what will happen.