Get ready for a quick impulse to the downside. Chart is screaming for a short
Time to get back to the long term trend. Bought at 2.0008. Going to be a fun ride up if it holds ;)
Some nasty data made this pair rally today. Either there will be another sell off from here, or it will break above the S/R and will test 7240, and 7300 respectively. If it breaks the trend line to the downside, it will gain more momentum. It tried but failed as you can see the false breakout ive outlined.
8 and 20 ema under the 34 ema downtrend good luck
Very Short term trade. Buy if it breaks the bullish flag. Good luck
Bears looking to test the previous lows here. Trade with care as the BOE rate decision is due at 4 AM PST tomorrow morning. Regards, VolitalForex
If Aussie doesn't break below, you can expect the bulls to reclaim control. Regards, VolitalForex
The downtrend has resumed on AUDUSD. I'm looking for a short at the 7200 handle. Seeing a deep correction below 7000. I also took this counter trend trade but it is risky so only trade it if you have the experience to do so. Good luck Regards, VolitalForex
This pair in my opinion is in for a lengthy drop. If you look at the arrows on the chart, these are clear opportunities where you could have gotten into the market with no risk. What do all of these opportunities have in common? The 8 and 20 EMA are relative to the 34 EMA. Meaning if both the 8 and 20 EMA are above the 34 EMA, then it is a BULLISH market. If they...
The price failed to close below the previous low after Thursday trading. I took this trade with a very tight stop because this pair is in a very strong downtrend. Excited to see how this trade will play out. Good luck in 2016 folks! Regards, VolitalForex
AUDUSD has been making a lengthy spike. EW is a powerful thing if you know what youre doing, if you look back at my original post on AUDUSD, I bought very low and was able to make a good amount of profit. This is a very risky trade since its going against the trend, but a very small risk for a large possible reward.
Breakout of the current TL and the 8 and 20 EMA are above the 34 EMA. Long is favored
As you can see, the ABCD structure was completed this morning. So long as this support area holds, I will be looking to go long to catch this massive jump. I will post a lower time frame chart when I see the signal. Regards, VolitalForex
Breakout of the current triangle and a close beneath the 34 EMA. MacD is about to cross bearish as well as the 8 EMA under the 34 EMA. Good RR.
After bouncing off the .5 fib ext 3 times, GBPAUD finally dropped over 200 pips early Friday. Hopefully some of you were able to catch the drop. Based on the fact that the 8 EMA crossed the 34 EMA already, I expect more downside to continue on this pair. MacD has also crossed for more bearish confirmation. It continues to make lower highs and lower lows, and this...