With this pair we have many confluences to the downside however we are currently ranging and i wouldnt be taking any trades during this consolidation period.
1.monthly chart January candle closed as a spinning top with the candle before that being a hammer.
2. Monthly all emas acting as resistance
3. Yearly fib drawn from 2016 highs showing price is...
Fib drawn from december lows suggest this pair is still quite bullish, along with the 50 & 20 eras acting as near term support down at the previous weekly resistance level 1182.85 with also a significant hammer bouncing of the 38.2 retracement level.
i will be taking a long position once the long term trend line and Monthly resistance is taken violated and...
Description: As shown above we have FX:USDJPY . This pair is currently bullish and its
BOOMING! it isn't the easiest to trade at time because of the fast pace and can easily throw you off, however
we have a CLEAR UPTREND and possible Continuation on our hands!!
On the Monthly...
Description: As shown above we have FX:AUDUSD . This pair currently bearish , Just as
FX_IDC:XAUUSD this move was made quite obvious early November after
giving us a strong Bearish Engulfing Candle on the Daily as shown at the top of the channel. We are trending
Description: As shown above we have FX_IDC:XAUUSD . This pair currently bearish , this move was made quite obvious early November after giving us
a strong pinbar as shown at the top of the channel. We are trending nicely making LH & LL supported by current Trendline Resistance. (Tweezer Top)
This pair has been quite stubborn recently not giving the clearest of technical opportunities however,
we have broken both short and long term Ascending Trend lines with a downside move highly on the cards
this is my current position after correcting back into my entry level i have decided to extend my stops by 25 Pips(as shown)
The Daily chart does have a...