1) On the weekly chart a nice shooting star candle 2) Break of this upward structure (green line up), is likely a start of bearish move 3) pitchfork indicates we likely see a move towards the median line again 4) This pair is strongly correlated with other other AUD pairs (see related idea), also indicating downward movement is highly probable. You can enter...
1) Weekly chart shows a clear reversal bar 2) The pitchfork drawn (swing high low) with the median along the trend indicates further down movement for the this pair and high probability movement towards median line (red) 3) Bears still look to dominate at price 0.747.Support Resistance area 4) If price breaks structure support (green line), continued down movement...
Indecision at SR area, wait for the break and short it till the next fib level
Next week this pair looks to develop into a long trade, there are signs of slowed movement down that can indicate a reversal at this fib level. Let's see half way next week if this will go in a move to break that 1.308 price level Good trading all!
Early reversal signs are showing with a pinbar on a major area. I will be looking for a short opportunity to happen somewhere next week around Tuesday/Wednesday. Most likely price will make a double top before the bearish move really sets in. The shown possible entry and stop is indicative. Good trading all next week :)
Price is slowing, the 10 hours shows stalling for the up move and the current candle is indicating a reversal is happening. The rising wedge pattern supports bearish move, signalling an end of the up trend. Enter when price makes the lower low.
It's making higher highs and lower lows, trend has been established as well (the pitchfork). The 6 hour shows good reversal signs as well indicating trend continuation. Enter as shown for a good RR possibility Good trading all!
It's been in a ranging pattern for a couple of days now, the most recent 12 Hour bar shows a shooting star indicating a likely bearish trend is starting. Good trading all!
General trend looks to be bullish, as indicated by the pitchfork drawn at the bottom. At this moment price action is forming a pennant and I'm expecting a break of this pennant to resume the up trend. If it does, place a buy stop above the high and look for a TP around the 0.5 Fib level.
On the 5 minute it shows buying rejection on Resistance zone with two shooting star candles. Wait for the low to enter the short till major support. Good trading all this week!
10 hour chart shows clear buying rejection from the last couple of days. Furthermore, a bear-flag formed which is a typical sell pattern. Let's see how far it can go before the Brexit. Good trading everyone!
Typical double bottom reversal pattern we see for many currency pairs, and it's holding at the edge of the channel. Buy till next SR zone. See chart. Because of the Brexit I'll TP much earlier, let's see if it can reach this first TP at an RR of 1:2.5 Good trading all!
Massive rejection candle on the 12 hour. IF selling continues with a lower low, enter for about a 1:5 RR
First leg was till 0.382 Fib, second leg down to 0.5 Fib level. 12 hour candles show high probability selling will continue. Enter as shown on the chart for a good 1:4.8 RR. Watch for the CPI news later today! Good trading all :)
The pitchfork shows a bull bull bias, last week's 12 hour candles show a push up towards the next SR zone. Let's see if early next week, Monday and Tuesday, this bull trend continues. If it does, enter for a long trade towards the 0.5 Fib retracement level (not shown on chart, but that TP is the 0.5 fib) Good trading next week everyone!
A lower low could signal a break of the consolidation area. The 12 hour candle at this moment clearly shows continued bearish movement. Enter on lower low for a good RR of about 1:4 Good trading all this week!
Possibility the upward channel gets broken, if price makes another low and breaks 0.382 fib, enter as shown and TP around the 0.5 Fib level. Good trading this week everyone!