This is my view on the possible movement for AUDUSD. It can potentially form a bullish bat on the smaller time frame to let us enter for the bigger ride up. Or it can break the new resistance to form a harmonic pattern for a short into a inverted head and shoulder for an upside. I think the latter is more likely because of how price moved last week at a strong...
Entered at peak with a TP of 1.05613 - looking to opt out of trade after retracement is over
The AUDUSD held it's current downtrend on the daily chart this past week. It tested the trend line, but failed to break above. As long as it stays below this trend line and continues to be bearish, I would remain short All the best!
Here we can see an breakout and a retest on the trendline. Could be a good chance for a small short trade.
Remember to manage your position, take your profit and add when its right. if all goes well, enjoy the ride, highly likely we will need to fasten our seat belt with this one.
Following the Italian Constitutional Referendum , the pair is most likely to break the strong support level and make a new one. Market is also very volatile.The supports and resistances for the intra day trading are illustrated on the chart. The indicators like Stochastics also indicate that the pair is overbought. So the correction would be considered with the...
Hoping to see a push down from black TL & MA as it has done in the past , may fall into a descending channel. First target is around 101.00 then 100.60
EURJPY is testing a long term trendline, lets see how it goes. Stoploss at 136 just in case it breaks the trend, targets at 126 support level and sub 120. Good Luck and Happy trading!
AU broke support and retested only to fall back down. Dollar strength will help drive this pair down as well.
Took this short a couple of hours ago on the second pin bar formation below the black arrow. Seem to be a lot of sellers in this blue rectangle structure zone . In this analysis we had an impulsive move down with the succession of strong red candles followed by a small correction into the blue structure zone to close out last weeks session. Todays gap down closed...
REN has been running for a long time ago, I made money today shorting into the resistance in the morning, so if this can gap up and shoot into the 19.50's level then I can short, tight stop though because if it keeps breaking up past 19.50's then it can easily run to 20's which I can enter for my second short.
UKOIL - Right Shoulders ? The question is simple - what we see on the graph of the Brent oil? The answer is simple - we see a change quotes, changes in the derivatives of the functions of the quotes - the indicators, we see invented and drawn by us trend lines and channels, invented and drawn by us figures of Paterns - Head and shoulders such as here. You can...
If news comes in against NZD, we'll see either a re-test of the last low or a newer low. Good R/R ratio here. Fits within trendline. Recent doji may give vision to a direction change, which coincides with trend line pattern.
Here is a daily chart of USDCAD, as you can see, it seems to be making a trend cycle. If the daily candlestick ends as a doji it could be a possible turn in direction and a chance to short. If this happen, this short would probably be a retracement before continuing up. Please trade using your own discretion.
Looking like a good opportunity to short UJ. It's trading between the trend lines and just hit a resistance level from a year ago and failed to break it. This resistance is also right at the point of the trend so it'll have to break both. If it does break, we'll see a massive move up towards the ~116.00 mark. The Stoch RSI is curently oversold and the RSI has...
At the 78.6% retracement level again