My analysis assumes that the YEN may rise this week and gonna be strong because of BOJ policy Rate this Friday. Drag the Fibonacci level already passed the 61.8 % - 50 % level, after the body candle close below 50%. I would enter the position and put the stop loss just above the 61.8 % price which is around 83.200. Just make sure to watch the margin level and...
AUDCHF has been facing significant downside pressure. This has been confirmed by the recent break of 4Q 2016 trend support and successfully retesting it with a rejection. This has pushed the pair into bearish territory. We have recently seen a solid retrace which might allow for entry/addition of short positions. Currently sitting at 0.73000, the lower 4h...
My analysis is that the price already passed my favorite magic fibonacci level in between 61.8% - 50.0 %, It will continue to go short until 0.71471. Furthermore when you take out the trend line it makes a 2 LH and 2 LL which make the setup even more strong for the aussie dollar to go short for next week. be sure to keep an eyes for this pair! Make sure to put...
Bullish Cypher on the 4H TF Addition confluence w/ trendline Bullish Engulfing on the Daily TF Anticipating a break of Major Half-point to test Quarter point Potential Bearish Butterfly pattern set up for the retrace Anticipating another push up for a HH after completing Butterfly Pattern from 61.8 - 88.6 Fib level
For several days, I've seen several people battle between whether to long or short the AUDUSD pair. Longs would say, "it broke the trend line, go long." Shorts would say, "don't you see that lovely bearish pin bar right at the resistance? Short!" In my opinion, it is better to wait for a confirmation telling where this supposed pair would be heading to. The...
Price rebounded on the hourly trend. We expect a new impulse wich creates new maximum level. Then, a pullback would confirm another bullish impulse. Don't forget the bullish breakout of aussie.
Believe the AUDUSD will drop down to test the 0.7382 area here in the next few days.
Did you follow our analysis 3 days back? we are up +120 pips now, The BULL run is here to stay for now and we can go to 0.752x level easily first. I am standing only with BULL for now. Trade Safe, S0nic
Bullish engulfing 4hr Candle, rejection on 50fib and horizontal resistance
Sold @ trend line resistance. 75.20 with a 50 point stop 75.70 Target 74.20 Playing dollar strength. DXY -0.04% also at support and looking for interest hike momentum to push dollar up.
I believe t is ranging, so to "play the game", without fundamentals nearby can mean repetition is on the way to the downside for months waiting time for gain.
With h4 downtrend and recent break of demand level Aussie is heading to 0.7511 area demand level.
Monthly: on this timeframe price has been ranging between 0.77500 and 0.72500. Price is making higher lows but not higher highs, the 0.76500-0.77500 zone is rejecting price strongly. January candle was a big bullis engulfing one, february's candle looks like some sort of hammer but it's price being rejected from the zone. March's candle looks like a spinning top...
The candles over the past 12 hours have each had extended wicks aboove the bodies, signaling that this pull back is getting exhausted. Remember, when theres a sharp move (either buy or sell), the pullbacks are caused by traders collecting their profits, before the trend continues. Take a look at my profile for my other Forex Ideas, and Please follow me. I will...
retest resistance + shooting star...fallin in love :)
SP about to start dropping. Already broke ascending triangle. Perfect for wave to continue now that we are getting confirmations that the structure is not broken