Drw1994

Drw1994

USDCHF short, anyone agree?

Drw1994

AUDUSD Short position potentially happening here, AUDUSD was on a strong upward trend, we have now hit a strong resistance area on the daily, using a fib retracement we may seel AUDUSD start to sell off before continuing the general trend, also we are likely to see a 'right shoulder' forming if this retracement happens. combining this with other research such as...

Drw1994

With news of USD being at a 2 week low earlier today, this would lead to AUD strengthening against the dollar, We see a structure of higher highs ans higher lows, with each higher high acting as support for the new higher low, following this behavior we now are hopefully seeing that happen again and therefore a continuation in upward trend, 8 EMA coming close to...

Drw1994

On the chart above we see GBPJPY generally is on a downward trend, from my previous trading idea on this currency(which hit TP) we see currency pair has retraced and has shown a loss in buy momentum with a strong sell candle at the .382 fib retracement level, MA lines crossed over but look to come back on themselves, therefore continuing the general downward trend...

Drw1994

Anyone agree?? Given analysis above, general up trend with retracement to the 0.5 line which shares an area of support @72.500, currency pair now looks to continue on its upward bound direction with retracement having been completed, ABCD pattern also outlined on the chart above, moving averages during downward retracement showed very little momentum as both...

Drw1994

With general trend of USDCAD in a downward direction, we see a structure of lower highs and lower lows, both moving average lines being very close together shows lack of momentum in the upward movement we see, price is consolidating with resistance confluence at the 0.382 retracement level, therefore based on evidence in the graph above anyone agree on a short...

Drw1994

As we can see a down trend generally on the GBPJPY chart, currently the pair is retracing in an bullish direction, using Fib retracement 0.382 appears to be a common level of resistance when the currency pair has retraced. we also see in the chart above a structure of lower lows and lower highs, all this with the evidence that the 2 EMA lines look as though they...