We've recently had a break and close below a previous level of structure support here on the AUDUSD. We're now retesting our previous level of structure which will have me looking for shorting opportunities once i hit the lower time frames today.
If we do get a reason for reversal I would look for a retest of our previous lows followed by an extension to our...
After a symetrical triangle we can see a clear channel up .
Once we brake out of the channel stay alerted ! 0.52 is a possible profit taking area meaning a pullback.
Stochastic RSI looks bullish, but we can't confirm that - on Bitfinex 3 hours chart we see that we are in
a heavily overbought area. We should see soon enough.
Our target reached. Position...
After a symetrical triangle we can see a clear channel up .
Once we brake out of the channel stay alerted ! 0.52 is a possible profit taking area meaning a pullback.
Stochastic RSI looks bullish, but we can't confirm that - on Bitfinex 3 hours chart we see that we are in
a heavily overbought area. We should see soon enough.
Our target reached. Position...
For six month we have a strong uptrend now.
-EMA 200 is below the price
-EMA 9 gives a nice buy signal
-A pullback just happened
-Higher highs and higher lows
Safe trades to all of you, see you tomorrow
MTSI broke the 45 support with a strong movement, today we see a possible retracement oportunity to the 45 new resistenca to keep going south.
KL: 45.00
SL: 49.50
KL: 36.00
Intraday setup for EURUSD
Looking to see a continuation of this downward action US dollar strength has been in play since this week market open.
40pip TP 40pip SL
Entry point 1.17864
After breaking new All time highs, Bitcoin has created a Pennant pattern. The pattern is technically neutral, but the 4h RSI was extremely overbought. 1h RSI has also showed strong bearish divergence when at overbought levels.
Major support levels are identified as 3150 and 3080. These areas showed large amounts of fibonacci clustering (trailing tetrace from 1800...
• Monthly- MACD bullish crossover
• Weekly – MACD signalling bearish move as crossover approaching
• Daily – broken out of rising trend with further bearish move due to last week fundamentals
- MACD about to cross signalling bearish move
• 4 Hour- will wait for retracement/pull back before taking position
• Hourly- MACD signalling possible retracement/pullback...
• Monthly- breakout from bullish trend
• Weekly- MACD about to cross and bullish engulfing candle signal bullish bias this week
• Daily- Trend has crossed over 21 MA and both MA about to cross
• 4 hour- potential pull back in area of resistance will look for breakout before going long
• Hourly – MACD signalling bearish move which could be just the pullback will...
• Weekly- bearish engulfing candle which could see bearish week
- Worth noting MA cross over in weekly
• Daily- breakout from rising wedge however potentially see a potential ABCD pattern formation
- MACD crossover signalling bearish move
• 4 Hour- missed short opportunity due to NFP however looking to short pullback however be wary of both spinning tops so best...
• Monthly- bullish movement towards resistance of channel & weekly resistance
• Weekly- rising wedge & shooting star candle stick could signal bearish week
• Daily – bearish engulfing 3 candles at resistance of rising wedge
- Potential crossover in MACD signalling bearish move
• 4 hour – trend has crossed 21 MA and there’s cross over in MACD
• Hourly – pullback...
So the $EURAUD made us wait a little while for it, but we finally have a break and close above the neck line of our head & shoulders pattern. In my opinion I think that IF we end up getting another extension THEN we can potentially see moves to 1.4865's (where we have both a fibonacci extension and ab=cd pattern lining up) and then to 1.50's
Link to the original...
Last week we took a look at a potential bullish Head & Shoulders pattern setting up on Gold. The market proceeded to fulfill that prediction so of course the question now is "What's Next?"
COUNTERTREND TRADERS
I would look for a push up into a next level of previous structure resistance as that looks to be the next place in which the buying pressure may run out...
The final opportunity discussed in this week's video was of a 2618 trade here on the AUDCAD. As usual the killzone for the 2618 technique is between the 61.8 Fibonacci retracement and the previous structure high. However in this particular case, I also have a secondary killzone on my radar which rest slightly lower then the higher zone that i'll be paying...
If you've been following my posts then you know that I've been paying close attention to the EURUSD & since the recent Higher High, Higher Close (H3C), my bias is towards looking for long opportunities.
Based on a few recent conversations here on Trading View I think it's important to bring up the fact that there is a difference between having a bias and...
