I believe gbpjpy just broke and retest using quarter theory off of 132.500
I believe EURUSD is going to hit the Major Quarter Point of 1.10000, then fall down to 1.09000 with some retracements but long term. May possibly hit 1.09500 then rise to 1.10000 then play out. Will update. Not a signal, just an idea and posted on here for interest on how it plays out
Waiting for price to break higher than 125 pips above the red line and will then trade up to the half way point.
Hoping for a reversal to the upside!
This breakout looks good even on the Quarters Theory Overlay
With a firm hold above 1.3000...we could see price head back to 1.3100. But if price breaks through 1.2950, that invalidates the buy set up for me..
Aussie dollar fell towards 0.6672 after rates cut, where it found strong support and closing above a significant level suggesting a possible validation of the ABCD. With the weakening of the US dollar and the market giving a 73% chance of rates cut at the end of the month we wouldn't be surprised to see the AUD rallying towards the 0.695 level. Something to keep...
We can see that USDJPY has broke the trendline of resistance in yesterday's session, as The Fed's rate decision rallied the U.S. Dollar. The price action so far in today's session is looking to come back below the trendline. In tomorrow's session I would look for a pin bar, with the wick reaching below the trendline. A bullish engulfing candle unlikely as the...
AUDUSD is about to make the (final) 4-5 leg 0.6850 is a big place of resistance for 2 reasons: It's a quarter level, and prices tend to make moves off of these levels. The 61.8 % Fibonacci retracement from the 2-3 leg on the 1H timeframe (prices 0.6837-0.6873) hits exactly 0.6850. So there is a high probability the Elliot Wave completes and ends up around...
Now AUDUSD is trading above the 0.6800 level. On the 4H there was strong bullish momentum, so I see price pushing further up. I have a position of a 20 pips risk. My TP is in between the next quarter levels. I will close most of my position as price climbs up to 0.6850, as the market could get hung up there.
Aussie spent almost a month (backtracking from a week ago) trading in the 0.6750-0.6800 range after a huge drop in the pair. We are now just touching 0.6800 . The question is: will we break above or stay inside the range again?
AUDJPY has been trading in this triangle for the past 8 days. It looks like we are breaking out of the triangle to the upside. I am not looking to trade the retest(this could happen) but this is somewhat riskier. I would recommend lowering your lot size slightly if you want to trade off of the retest. I am looking for strong bullish momentum (I have a buy stop...
AUDJPY looking to break out of the triangle. Watch video. I will upload a written idea
Expecting price to eventually breakout to the upside for a reversal. Watch for a bullish breakout and retest for entries...
After about 12 days of serious downside movement we have seen 4 daily candles respecting the 0.6750 support level. 0.6750 is a Major Large Quarter Point. Prices have not traded this low since 2009. Why all the bearish movement? Rate cuts and monetary policy, not just the US cutting rates. Reserve Bank of New Zealand cut rates, which pressures Australia (a big...
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