Following the downtrend and targeting round number, have placed an entry order
We've had a 50% retracement since the range breakout which confluences with the monthly pivot. The monthly pivot held strong and we did not close below that 122.5 support level. Since then we've moved up to the 38.2 FIB level. I'm awaiting a 4hr close above the bear trendline to go long to 126, which confluences with the R1 monthly pivot level. This should be a...
We've had a daily close above the bear trendline, now narrowing down to the 4hr chart I'm waiting for a break of the ichimoku cloud to go long to monthly R1 1.57 round number. I have placed an entry order and trying to achieve a minimum 1:1 risk to reward ratio, risking 1.5% of account. (ignore the fib levels on chart - moved them by accident)
Monthly volative spinning top, weekly spinning top, weekly MA crossover, support at 1.515 I'm looking for a break and close above the bear trendline, or clear reversal candle pattern at 1.515
MA CROSSOVER WEEKLY, pullback to 1.38 then to 141.644
MA Crossover on weekly, this has not happened since June 2014, closed above 1.11 and still a green candle for the last week, closed above monthly pivot. I'm looking for a reversal at the bull trendline or a break and close above of the bear trendline to go long to 1.1365 R1 and potentially 1.15
monthly bullish candle, weekly bullish piercing pattern, a close above 136.7 will see a move to 140 or bearish candle at this level and a break of the bull trend line could see a move back to 133 retracement, EUR and JPY currencies experiencing weakness against the dollar so this is battle of the weak currencies and may continue to consolidate in a range
Clearly broken out of range consolidation over the past few months , look to buy on a dip, target 1.25
Monthly bearish piercing pattern with long upper shadow, bearish engulfing on the last 2 weeks engulfing almost 5 prior weeks, we are not at a critical junction. Trading below MA's, a break of the bear trend line will see a retracement move to 0.78, a break below 0.76/0.758 will see a move down to 0.745. We have AUD key fundamental data releasing this week...
Monthly bullish candle, bullish engulfing pattern of the last 4 weeks on the weekly timeframe! Closed above 1.24 key level round number and may be back in the consolidation zone, three spinng top doji's on the daily noted above - market indecision. A close above 1.25 and a break of the cloud will see a move to 1.27, a close below 1.24 on the daily will see a...
Monthly long upper and lower shadows on bearish candle, weekly hammer candle. Trading below the 8MA 20MA and 200MA on all timeframes - downtrend, On the daily chart above, MA crossover, technical retracement (market breather and profit taking) to 50% fib level and key level 1.1 round number resistance, daily has closed below 1.1. A break below the bullish...
Strong bullish candles on monthly and weekly, trading above 20 SMA on weekly, bullish MA crossover on daily, we need a daily close above 121.6 to confirm we are out of the range. Upside target of 122.5
Bearish engulfing on weekly, still trading above 20 SMA on weekly, daily close below 20 SMA. Daily close below 133.7 will see a move to the downside, target 132, confluence with the monthly pivot and 50% fib level. A daily close above the bear trend line will see a move up to 136.7. However, USDJPY is seeing dollar strength and yen weakness, which is contrasting...
Huge bullish engulfing on weekly, so we could see further move to the upside and hit the 50% fib level confluence with round number 1.24. This is reinforced with a daily 8 and 20 SMA crossover. Alternatively a break of the bull trend line and a daily close below monthly pivot will see a move down to 1.2
Huge bearish engulfing on the weekly. Trading below 20day SMA on daily and weekly, weekly close above 1.1 support, a daily close below 1.1 will see further continuation to the downside following the bullish US data on Friday, target of 1.075 confluence with monthly S1. A break of the bearish trend line could see a move to the monthly R1 confluence with the round...
retrace to trend line or previous resistance at 0.792 and weekly pivot, then see how price action behaves here, potential long to 0.83, observe behaviour at trendline
potential weekly MA cross over, retracement to 1.55, then 1.59, trading above 200 MA on daily
DAILY CLOSE ABOVE 136.7 GO LONG, WEEKLY CLOSE ABOVE 136.3 AND ABOVE 20MA ON WEEKLY, WAIT FOR A BREAK AND A CLOSE ABOVE 200MA ON THE DAILY, OR REVERSAL FROM RETRACEMENT ON LOWER TIME FRAMES