I am still bias for a long on this pair since it has hit my bottom price point. I also believe AUD is oversold and YEN is overbought, therefore it makes sense for both to resume to proper trade levels. I do not think central banks can keep playing this pretend game of keeping price where they want with only words ...
This is not something you want to miss. I am expecting a break here but as I have been adding longs all within this channel I am slowly phasing out some shorts and have been adding longs furiously since the touch of 74.62 (historical point).
This pair has a POSITIVE SWAP for me so i do not care how long it takes ...
Just broke daily trendline and retested it on the spike, now retesting it again. Also weekly tf shows a nice doji, could lead into a double top on weekly.
I will short it every time it checks the trendline as long as the .763 isnt touch.
Long term tp and sl are shown in this chart, for more specific entries and ...
Long title I know...could not find better words lol.
So the main attention getter for this pair is that nice weekly pinbar and two nice rejections of gap "fillage". To confirm 618 retrace has failed although we made quite a bit of the hopefulness of it as it did bounce from it hard once. But alas, all good things ...
Hoping for downside break as it is more profitable.
Also not a bad idea to hedge this pair with UJ i am staying away from AJ as chances of whipsaw are high.
So maybe use EJ or GJ for hedge instead.
Nice H&S play on swiss this pair follows technicals pretty nicely.
Not too great of a R:R but still worthy of a trade i guess will try to compound it on a lower tf.
The important part/trade will be when/if it completes the H&S since that will be the real mover.
Anyway, stay tuned...
I believe UC will retrace back up and range for a while as oil bottoms out.
Very good RR so this will definitely be a trade I will be taking.
Also, 50 and 100MA are crossing upwards signaling the end of a 4h downtrend
should be self explanatory.
On lower timeframe (15min) there is a nice descending wedge which just broke out.
Most likely people are waiting for hour to close.
Very nice RR or else I would not take this trade.
Move SL up when tp1 hits or once price is a decent amount away from entry (30+ pips or so)
GN and GA are heavily trendy pairs and I have learned my lesson by being faked out more than once.
So now I need to see a CLEAR breakout in order to add a small position.
Then a RETEST in order to add in the money making positions.
Once price breaks out of this wedge we should see both GU and GN going up.
I am ...
EG did break below major trendline.
Now it is consolidating and waiting to break another corrective structure
I still believe EG is a long in the long term, but we should see pound improving from being oversold and retest the "bottom" that it made. 200 MA is also acting as support in this case. The 200 is the ...
Should be a pretty standard breakout setup. it broke out trapping all long breakout orders and now retested.
We should see trend continuation from here
Entry here at the blue line and first tp at the close of the green candle
EU about to breakout of this channel.
I am looking to short when it breaks down or long when it breaks up.
It is a bearish channel so there is higher chance it will break down, so this will be my main trade
If it breaks topside just do the same trade except go long
UJ has ranged for the most part of 2015, closing almost exactly where it opened at the beginning of the year.
This means on the yearly it should form a doji after a huge rally that it had in 2014...you know what that means right?
Yes now there are 2 possible scenarios: UJ will either make another attempt to close ...
Yen will get stronger AT LEAST until the FOMC on Wed.
I am a staunch believer that currently Yen is undervalued, therefore I am short from 122.1 ish give or take a few pips
and will add when it breaks the red line and then add bigger positions on the pullbacks.
*If you need help with actual numbers ...