The pair has rejected a break of the daily trend line and is expected to begin a decent down to the 0.65500 level with further downside to 0.65000 open. If the pair does form a candle with the body of the candle below the trend line it should confirm a move to the downside. Trade carefully and good luck!
The AUDUSD is in strong down trend. We expect selling at resistance zone and sure following the daily channel. Waiting for daily retrace on resistance zone and for sure PA ( BEOB, IB ). We know that US president votes coming so be careful.
On the EUR.USD Daily chart we have potential long and short opportunity's.
Bullish Gartley Pattern (Grey) - D leg completion 1.0612
Bearish Bat Pattern (Blue) - D leg completion 1.1378
Bearish Gartley Pattern (Purple) - D leg completion 1.1050
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
TRADE WHAT YOU SEE
During my Top-Down-Analysis which means for me that I am starting on the Daily timeframe, I thought this kind of process would be quite interesting to share.
1st: I identified the broken structure to the downside
2nd: I anticipated the outside return into previous strc. resistance, which completed last night during the asia session.
3rd: Now I...
A confluence of Fibonacci and support line around a harmonic pattern spells a long opportunity. The price may try to reach a Fibonacci level of 127.2% at 85.76 but fail since it is seriously oversold. For those who can't wait for the formation to complete as indicated on the chart, wait for at least 87.5 to break set stop a few pips below 85.76
Right now I'm Still Neutral on SPX500. This could all change IF we break & close below the Major Support level on the Daily time frame. IF, we break & close below that level, THEN, I would expect Price to run back down to Previous Lows (Green Dashed lines on Chart) @ around 1880's level.
So far in this Uptrend we have started making a series of Higher Lows which...
Nov 2 2015: BULLISH EURUSD DAILY: Waiting on gartley to play out
(Analysis Based on Daily charts)
1. Up trend on the Daily chart
2. Price at daily Support level
3. RSI hidden divergence
4. Gartley pattern terminating slightly below channel lows
NOTE: Wait for price action to confirm the importance of these levels.
If you find this information useful....
The AUD/CHF chart is something I have been watching for a little while.
I have been very bearish with many of the Aussie pairs on both a fundamental and technical level for some time, so it is no surprise that the AUD/CHF has taken a skydive this year.
Although I don't trade the daily chart I am cognizant of the approach and then the break and close above the...
Short Entry @ 191.640
StopLoss @ 192.220
Take Profit @ 189.770
Broken Daily support over bought have had a double top in the past couple days which ran right back into the support turned resistance marked by the pink line.
Fundamentally the Yen has gained some strength and it is being shown a little bit across the board.
Technically we can see a lot of...
Hi everyone this is a possible trade. Few of the reasons that makes this setup look good. First being at the previous support, trendline and the pattern itself. Lets see how it plays out and Good Luck :)