Pretty self explanatory trade. We've been in a long term down trend for awhile now and recently broke the support level and closed below it on the daily chart. At this stage I'm just waiting for a pullback and some signs of entry to get short on this. I'll be looking for a long term trade on this heading towards 29.77820 level
Swing Trade completed. Couldve gotten a better entry but R/R made perfect sense.
Short idea, for me price needs to go lower ( green box ) and remember gaps ( 1.08 ) Always fill. if the pair reach this level i will look for longs at first but if we have a break and retest of the gap i will short for a further drop ( 1.06 level ). If you want to see my entry join our channel for free trade ideas.
Recently we've seen AUD/NZD gain a nice bull trend from its lows at 1.03549 with a 300+ pip move to the upside. Currently price is testing the 1.06950 zone with a triple top in play. Al-thought on the lower time-frames we've had a nice bullish trend, I'm still playing this trend on the short side based on the weekly trend being under the 200 EMA at this very...
Just another Forex trading snack! I’ve mentioned it in chat before... “just before major expected news releases EURUSD usually seeks middle ground.” For most of this week I’ve been long EU, but mid week just before NFP release, I started to look for shorts. Why? Because for years now EUR and other dollar pairs have set their respective high’s or low’s and then...
This pair has much better market structure than the GPB/AUD in my opinion. If i'm going to take one of them, it's this one... We can see the pair has had a nice rally to the top of the trend line now putting in a new re-test of the descending trendline. I'll be looking for short trades early in the week on this market. What tops this off is NZD is now hitting...
Looking at the GBP/AUD on the higher time frames such as Daily 2D and 3D chart, we can see it's been in a range between the two marked out support and resistance zones and we've recently closed and rejected at 50/61.8 % Fib level. I'll be watching this on the daily chart for price to break lower from the minor support it's currently in (seen better on 4HR chart)...
We really need to see a full body closure below this structure for continuation. Downside potential is huge if we break this level. Instagram: @TheTravelTrader (www.instagram.com) Twitter: @fx_ollie (twitter.com)
With price holding its steady uptrend all year I'd still be looking to go long on this pair. At the moment we can see the 4HR had a nice run up on Aug 14 with price going from 8.87136 all the way to 9.03077 where we saw selling pressure come back into the market for a pull back for us to get a possible long position. Pulling the the Fib tool from Aug 14 price at...
Sell once it breaks inner support trendline Descending symmetrical traingle pattern
On my 2 hour chart I can make out a EW potential 5 wave setup. From the 1.6230 ish recent high. Currently price action has moved up into the 1.6030 ish area but also on a smaller time frame chart I can see a 5 wave pattern developing with the 5 and final wave yet to come. I suspect now that NY Monday’s trade is over that in Asia trade this pair could push higher...
Nueva oportunidad para entrar en corto en el par EURAUD, como confirmación vemos una posible formación de HCH, con esto podemos entrar y obtener un risk/reward de 1:3 . Dejándonos muy buena ganancia, este es uno de mis pares favoritos y lo tengo siempre en observación perpetua. Para mas alertas y publicaciones de forex sigueme en mi INSTAGRAM: lauropireo.
Could start seeing some £ Strength get ready..
GBPCAD has had a prolonged downtrend, and is failing to make new lower highs and lower lows. A sign the trend may be exhausting at the 1.6000 zone. Will assess the trade once we get a nice break and close above the 1.6090 zone. Be patient. If you zoom out on the daily chart, you can see we are not really at a big support level. This big support level is actually...
Hi Traders. EURGBP for us it looks like it will make new High then we can anticipate a nice wave to the downside. So wait for a price action before you will trigger your sells. "May the forex be with you"
I know that AUDJPY is in Wave 2 but the B correction has me confused. Could someone give me a suggestion based on what I'e provided? I think that the ABC correction is actually a flat line WXYXZ.
AUD/USD, Daily chart: Inverted "Head & Shoulders" + Breakout of mirror level + RSI(14) above 50 zone, which is sign of uptrend. BUT resistance line ahead.