Two lows making support just below the open. Engulfing pattern amongst others signalling long. Exiting half position at +15 for risk free run to the range high.
Looking for a relief trade short in the area. We have a strong move down after an extended move up. Entering and exiting on further price action.
After a Pin and other Australian pairs showing a bit of relief I will be looking for more price action to enter shorts. Price action exits.
A down side movement followed by a cross back up could be seen in the projected area in this coming week. Possible initial move of 80 pips could be taken. Exiting on price action.
We have crossed on the 30 minute chart and everything else lines up OK., The daily is in a bind, 4 Hour trend is set in down and the 1 hour has shows equality with a small breakdown.
Short entry following a cross back down. With the 4 Hour and daily looking strong down trend, hour and 30 minutes have given me indication of a further movement down.
If the 1 hour stays trending down then a short-term short opportunity may arise supported by additional strong indications on the other two time-frames. Look for a good rejection of the cloud on the 30 or a cross back to down for a blind entry.
Be on the look out for entries on the 30 minute or 1 hour in the next coming days to catch a potential continuation. The Tenkan and Kijun have been tightly wrapped last week meaning tight linear and powerful movement. I am looking for a cross down after a retrace or good price action on the other time frames that reveals further pressure down.
Looking for Tenkan/Kijun cross on the 1 hour. I am looking for price action as well above or on 114.430. Preferably the 30 minute will give better resolution of the movements as we might see a breakdown structure for a 1-3 day short term down move following a good 5 day solid up move.
Look for shorting opportunities with rejections of the Cloud on 30 minutes or 1 hour. The daily and 4 hour chart is heavy short at the moment, which might give us some great entries if 1 hour or 30 minutes reject. A cautious entry would allow the Tenkan and Kijun to cross on the 30 minute then the 1 hour and take any price action that follows.
Be on the look out for price action entries amongst the 1 hour and 30 minute time frames. We may see a pull back to at least Kijun Sen making a good entry to further upward movement. We have formation on the daily above the cloud and Chikou has even raised above as well. Caution between recent months lows and all time high however, we are sat near 50% retrace...
Formations on all charts show relief on some of the stronger moves the last 2 weeks. Will be looking for short opportunities if the trend rotates on the 1 Hour and 30 minute, unless price actions shows very clear action on the Daily which reject a further move down.
Great pins on the 1 hour and 30 minutes at the Kijun Sen and Cloud followed by a good move long. I would like to see Chikou and further structure above the cloud and enter with further price action on the 30 minute possibly at the cloud to place any trades. Even though the Daily trend is still filtering longer term short opportunities there may be some...
A cross in the cloud and further movement will take us into structure above the cloud. Pay attention to shorter term opportunities when Tenkan Sen and Kijun Sen start to form above the cloud. Additionally signals on lower time frames become much stronger when the Chikou span clears the cloud. Strong price action will give us any peeks into movements against the...
Pinbar following recent action rejecting the 8/21 EMA area signals entry. Potential movement to the next area around 1.255.0
A strong move closing into the 8-21 EMA area, we may see further downward pressure as a test of the bounds, I still expect to see a push upward to the same levels in April however. ============================================================== I can only expect more candles of the same until we see movement out of this area for at least 2 more days, or a good...
An engulfing major candle today on a move upward is a major signalling for any short positions to be released. ============================================================== This is an active trade for me at the moment. The signal to exit gives me little discount on the current position, it will be held until price moves against it fully or price exposes more...
Further scouts down have scored success in keeping this pair in direction despite closing slightly higher than open. ============================================================== As with previous entries for this pair, no entries until established trend and price action at significant dynamic or historic areas.