MDSADI

MDSADI Updated 

We have two side of the arguments here, economy reopening demand coming back vs supply surplus exist. Guess what, probably we won't have better access to the right information until it materializes, as of now i see the ascending channel is broken, so i would take chance with some shorts obviously with stops little above previous swing high here with a small...

MDSADI

So my short idea didn't worked last week, since we are starting a new month, i want to see what's the max it can go on the upside. I have longs now but my main goal is to short this pair and just do hedge longs . I don't know if price would extend to 1.14xx soon, but i just want to point out, that would be a ideal place to short unless it decides to change a...

MDSADI

I have been bearish with aud/cad since the beginning of the year and the bearish dive has played out ( see related ideas ), but now i am looking to consider re entering since we have a hefty pullback from swing low. Now , as i draw the structure here , it looks like .91-.92 can bring in a lot of friction as this were strong support zone once, which has acted as...

MDSADI

I am not expecting a fast drop, i think this channel resistance is good place to trade the range for at-least the next 4 weeks . The game plan is to long on pullback sub 1.0600 area and build on shorts above 1.08xxx area. I have been super bullish on aud/nzd on my earlier ideas, but now its time to reap some benefits from pullback. Its hard to comprehend at this...

MDSADI

For a new short, retest of cloud broken support would be a fair entry above 1.087xxx, as of now ichimoku still shows bearish crossover intact in 4 hr. Until FOMC and ECB it should be mostly range bound action, i am still biased towards the downside just like last week. Lot's of scalping opportunities should be seen before the major release I would only prefer buy...

MDSADI

The channel looks like broken and we are probably back testing the broken support, however since that happened in Friday, i can't rely on that very much. I am willing to take short as i see bearish crossover, now waiting to see if price retest 26 ma again and go back up at 1.090xx area and demonstrate weakness. That would be my area of interest to catch short...

MDSADI Updated 

Their are just way too many analysis of oil going lower due to uncertain future demand . A dip below $20 for sustainable period would mean bankruptcy for majority US SHALES, and that might actually be interpreted as a bullish case for OIL. Furthermore as more monetary easing takes place a point would come when dollar index also takes a hit. This DXY rally can...

MDSADI Updated 

We have a ascending support channel in play and a broken descending channel resistance in play I would like to long structure wise, but a bearish ichimoku crossover is trying to form, i am looking for a quick drop and reversal pin bar candle to enter this long. Right now the momentum is in favor of bears , let's look for rejection and confirmation to take this long

MDSADI Updated 

aud/nzd near psychological level , i expect a retracement up to cloud level even if not a full blown reversal . It might be a very good swing opportunity once we spot a bullish ichimoku crossover, it might be pre-mature to enter now, but i am building on longs and hence would enter early. I have been waiting for this level for quite some time, see related ideas

MDSADI Updated 

I would take this trade long on dips 1.084xx-1.086xx , since i have a bullish crossover and with ECB tonight, we might have enough catalyst to give a run to 1.09666. On the contrary, if i see my ascending channel break on a 4 hr basis, i would open a hedge short instead of closing my longs

MDSADI Updated 

I am looking to buy aiming for NFP tomorrow, a deviation from the forecast should boost some US Dollar corrections. It's best to watch price action and get into the trade, because we don't have any confirmation that down trend ended. The congestion on the left and the fact that this area has been a reversal zone in the past is the only evidence for now

MDSADI Updated 

Looks pretty clear that we are on 4 hr ascending channel forming a higher low, the last lower low circled in the chart as a reference to be used as a stop level should price go below and close under 1.096xx

MDSADI Updated 

I just pulled out of my longs ( see related ideas ), i am taking this trade anticipating daily 26 ema would prevent further rise. But, i could be taken out here as DXY is getting sold across the board since the start of the week. We don't have much scheduled from the Euro zone, lets see if we see a typical friday turn around

MDSADI Updated 

Just getting off the long ( see related ideas ) , i think price is pulling back to broken support after the QE news helped Dollar sell off, but in this desperate times Dollar bid might still remain. So, since technically i see a bearish crossover on daily ( not reliable as cloud color is green ) , i would take my chance with 26 ema to act as resistance on a daily...

MDSADI Updated 

Switching from short to long here for the short term with 1.10 as target next week

MDSADI Updated 

We are in risk off still and hence its hard for AUD to get a bid. In this race of lowering interest rate its tough to assess fundamentally when the reversal would happen. Hence i would pull a short term short here and wait for a pullback to my ascending channel to try another long

MDSADI Updated 

Lets enter on failure of 26 ema .92400, just got out of my longs

MDSADI Updated 

Even though the daily has bearish crossover , but shorter time frame shows the possibility of a bullish run, so i would take this long with a stop below $1450