Yesterday after the FOMC meeting, we saw some good bullish price action come out of the US dollar. After breaking out of the downtrend, we see a retest of broken level, showing we may see more upside coming ahead of us. Rate hike expected by the end of the year, & by the way things are looking the dollars long term lows are now being rejected @91.00 support. Will ...
Price broke out of its uptrend wedge last week then has been consolidating above for the past couple of days. Also broke my ascending triangle with a bullish candle after touching the 50 fibonacci level & retested broken trend line. Price is currently above 91.00 supply level, & has been consolidating between 90.500 & 91.000 area.. I am expecting more upside ...
Setup I had yesterday finally coming into play. Was waiting for a break & retest which we got, now I expect further upside to previous high (Resistance) 0.8100. Will be watching how this one plays out closely...
Price jumped o/s the ascending channel due to positive news. Price seems to have retested 1.34400 and is on its way back up. I will wait for the 4H close to jump Long targeting 1.38528.
Big Pound news coming shortly in the A.M. Aud news gave me the pullback I predicted back to the broken counter trend line. I am expecting a push even higher now! Setup working out good so far : )
Trade with care!
Price is moving higher towards the 50 sma. Entry will be on a 15m chart with a Break-Hook-Go above the 4H sma. TP is the previous high @ 1354.14. Macd Blue lime to cross above the Red line & the 0 level line.
I entered trade on a 15m morning star bearish candle pattern @ 1.1966.
TP @ 1.1825 previous sup/res level.
Macd Blue line is about to cross below 0 level line.
Trade is good while price remains below 50 sma and Macd 0 level line. These can be used as your SL signals.
GBPJPY Retested broken trend line.
200EMA Acting as dynamic resistance
0.382 On fib acting as resistance?
Enter IF
Maybe enter if there is candle stick pattern.
If there is bearish 8EMA21SMA crossover.
If there is nice big bearish candlestick formation.
There is a lot of bearish volume.
Or on my other trade you can see a nice support zone on this pair. If it ...
The daily chart has crossed the 14 EMA line and will try to change the down swing into an up swing.
Today´s candle is making a retest. If this holds we will start going up.
The 4h chart is showing the same reaction.
Entry after trendline break or a buy stop at the top of the actual candle.
Price broke out of its counter trend line then retested, waiting for one more possible touch of support level to go long.. 38.2 support zone as well, & moving averages are starting to cross to the upside as well. Risk/Reward level great, lets see if Aussie can gain some strength !! :D
Ngas on Friday prices dropped in a downtrend (a bearish bias) through trendline support near Fibo 0.618 level which is now seen as Resistance at 2.92. Support is seen near 2.86 Fibo 1 level
As we can see on the 1hr Chart Momentum is bullish and technically I will be looking for a retest / pull back sell.!!
Have a nice weekend
Currently shorting AUDNZD
Entry @ 1.085
Break of Countertrendline
Reversal off Supply Zone and PRZ
Monitoring Price Action for signs of bearish momentum
To enter the market again
As you see on the Chart, GJ has retest structure Resistance 142.50. Shooting Star Candle has formed in our FIB region between 61,8 and 78,6%. A nice opportunity in my mind.
