Opportunity for short on AUDUSD, Buy on rejection from resistance, follow the price down to raising trend-line and then to first support level as marked.
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) Criteria 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...
EURCAD 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 :)