Just noticed this while i was playing with the charts
AUDNZD has formed a consolidation range, and on the lower side we have some tweezer bottoms, text book like.
If it goes as the literature would say, the stop just on the other side of the candles, and a TP on the next significant zone, and i think it would be the one marked
The previous trade on this pair got stopped, but like i said, tight stop so one can re enter
I noticed that i poorly draw the previous line, now i think we have confluences going down, but not just yet.
Bounce on the trendline
rejection of the montly level
huge wick rejections on the area
what stoping me: the purple support, i would wait for a...
As i write this my order got filled
We see bearish momentum, the price broke the support and has been consolidating (if not i would be looking for buys with a W formation, but is not the case)
We also see that the price came close to the 50% fib level and the next level is just above the 27% fib extension
I think this could me a posibility, in the past we've seen some sharp reversals at this area, we have some sort of resistance above the price, i think that a tight stop is good in this place, if it get stoped i might enter on the resistance
This one seems pretty simple, i did not catch the bounce on the monthly, it matched all my criterias, but now se have a break of the level and a retest on the same, tight stop loss in this one, jus because is a continuation, lets see what happens.
We have broken and retested the area, we have a big spike in and out of the area, if we look left we see liquidity arround that area.
We came through the area but ended up closing above this, so my guess will be that we will continue the trend and come back to test the area again.
Not a time frame that i usually trade, but just found this and think it is a...
I usually don't trade this pair, in fact did all the technicals right now.
I see a bullish trendline that has reached a liquidity zone just below the monthly level, that trendline broke and came back to test the downwards trend, I think that still is going to go down., even tho that the M is now turning in a downwards triple top, it still has structure.
I've been waching this pair, because I wasn't sure if the pair was making a flag, triangle or else.
We have structure for both, we formed an M, but im more confident on the downside because it needs to correct and right now has not been able to push though the weekly 112.00 level
With all those confluences i would say that the price is going to continue reversing to the purple area, witch seems to have accumulated orders if we look left been experimenting with wicks regions and seems to have worked out great.
W forming at lows
Previous big bear push
watch out for the emas
We failed to make lower lows and have a nice rejection candle closing over the previous level, the emas might start to close in after the engulfing candle. If we break i see the price go to the marked level to watch it come down afterwards
Right now on the lower TF we have emas crosing over
We already tested the higher TF trend
Failed to make lower lows
2nd leg also failing to make lower lows
price at support
On this set up we are making a bigger W with the final leg of this one also a W, matches my criteria, failed to make lower lows, emas crosing over and we are at an important price zone
Even tho we are overall Bearish, i think that the momentum could have died.
On the first inner trendline we did form an M in fact, but just over we have the monthly level, thats why I choose to stay out, we previously formed a W after a huge bear push, but not just after a trendline
Right now the price is failing to make lower lows and respect the lower counter...
The overall higher TF is Bullish
Right now we are consolitating and indecisive on the daily
we have a counter trendline on the 2H that has been respected, and a trendline
Inner bull trend
Right now the price is siting at support AND in the inner bullish trendline, we are making higher highs and higher lows, recently we tested the Higher TF trendline and monthy...
Daily Bearish, overall Bear trend
Emas confirms bear moomentum
1h to ilustrate
we broke and retested important sup/res
I think that the price will come steping down this levels, we have a overall bear trend and passed a bigger price barrier
We also have a Close trendline, so i'll be keeping an eye if i don't see lower lows being made and switch for a long if we...
I'm a bit on the fence here
-after a big bear push now we formed indecision candle on the daily
-on the 4h we are forming a W at the Monthly 110.00
-on the 2h we have the emas already crossing over
-We failed to make lower lows
So given the confluences I think we should go up to at least the pink level, but given that it is still indecisive i might wait for some...
The price is currently sitting at a daily level
We are forming a W where we are making Higher Lows
The Emas are starting to cross over
Even tho we are not at the trendline, we still are forming this at some important price zone, the price has been struggling to push downwards. A riskier approach would be to just long this, with a stop past the previous wick,...
M forming at the level
EMA crosing Over
Break of the trend
As I've been doing, a M has formed, even tho the 2nd leg made a higher high, still closed below, the price is currently breaking the monthly.
There is some sort of of a trend between the tp and the current price, but im not sure on how the price will act around that, so I would keep and eye, and watch...
Retesting the area
Just entered on this one, had a previous Sell limit on 1.3275 but didn't get triggered, now we broke the trendline and just retested the sup turn res. on the previous days we where compressing the price, at first i thought of some sort of an M formation instead of a continuation triangle, because the level that the...