a candle that opens below the bollinger bands lower band, then closes above it.
I can't take this trade, I am at my max capacity. Anyone else like this. If so why or why not. still trying to hone my charting skills and all input is welcome.
I see a potential BAT Pattern and eventually a ABCD Pattern on the 1hr chart.
the D leg from the Bat could come in nicely with the ABCD (D) Leg.
This pair is on my radar.
since I am still learning the Patterns etc. this is my Idea
I would be happy to hear what you guys think.
I've been looking for a short opportunity on the 12hr and 8hr charts since price action has been so bearish on aud/usd and there were a couple of triggers lining up that motivated me to enter a position. Main one being the daily chart above
price has pushed back up to support/resistance area
It is about time us Bears got together and smashed this cheeky bugger off the worlds top spot.
As you can see here we have combined waves of tightening wedge formation on the chart.
We also have some strong fundamental key events to help drive emotions and stretch budgets.
The cloud of short interest is growing and if we slam hard come NFP we will be able to see...