the pair was rejected at 114.500 after forming a Head and Shoulders Formation in which price dropped down to 111.628 which is 50% on the Fibonacci Retracement Tool.
the long term outlook for this pair is Long and looking at Topping out at 114.500.
I have identified a 112.000 entry with a 111.400 Stop Loss and 113.400 Take Profit
This pair has been on a downtrend since May 2018 reversing at 0.74340.
the pair reached a common resistnace area at 0.69000 before breaking the support line and going bearish
I have identified a downtrend channel with Lower Highs and Lower Lows.
I am goung short on this pair from 0.65750 and take profit at 0.65100 and take profit two at 0.64600
the pair in the early hlours of this morning managed to break resistance but failed to clear 0.71500, the pair then retraced back into the consolidation box down to the 0.71100 region.
I have idenitifed a new uptrend channel that the pair retraced off and I will be eyeing a 0.71400 long entry.
please use appropriate lots and respect your stop loss.
Deep retracement channel identified.
possible entry at 1.16000 if the pair retraces deeper then between 1.16500 and 1.17000 would be the perfect region to execute an entry
please use appropriate lots based on your account size and please respect your stop loss
Possible inverted head and shoulders identified on the 1 hour chart after a new monthly low formed.
should the market respect the key levels I will Swing this position
please exercise appropriate lots and respect your stop loss!
AUDUSD Third Retest after huge bearish selling pressure and dollar strength over DXY. the original trend is long after the 30 month low at 0.70850.
my analysis is as follows.
Please use the right lots and exercise your stop loss!
I have chosen to analyze this pair on DAILY time frame as it provides clarity on the pair direction, as you can see the pair is on an uptrend with two trendline retests which have resulted in Bullish momentum and price increase.
on a horizontal view, between 114.000 and 113.000 we have seen Resistance Rejection, previously in December and as of late in August...
after the Audusd reversal we have seen a sharp increase at the beginning of the New York session.
the pair jas broken above 0.71678 which was support and has now turned into resistance
the pair us now within a Consolidation box between 0.72000 which is now the new Resistance and 0.71678 which has turned into support
my analysis is as follows
In the past month we have seen the EUROYEN Bullish after a 125.000 reversal.
the pair was Bullish to 131.00 on the Fibonacci retracement tool before a Bearish rejection on the downtrend trendline.
the pair corrected safely down into the 129.700 and 128.830 region before Bullish momentum increased price to 129.463 to form a TRIPLE TOP
on the 60 minute time...
we have witnessed Rejection at 1.16600 after the switch in time zones
price has corrected and 1.16200 is a region that price has previously decreased dramatically.
on the one hour time frame we have a Huge Inverted Hammer and I will be eyeing 1.16200 and 1.15700 as my take profit region
good afternoon, the pair reached 0.786 on the Fibonacci retracement tool.
the original trend is down after topping out at 113.369.
the pair then went on to retrace to 112.120 before going Bearish.
the dollar gained strength over the yen and non farm payrolls were positive giving more buying pressure.
we have reached a critical zone at 0.786 on the Fibonacci...
The pair retraced off 0.236 on the Fibonacci retracement tool and reached 129.000 by sunset South African time.
at this region we have seen previous tests and it is a region of mass consolidation.
what u have identified here is a DOUBLE TOP with Rejection Evening Star, Indecision and Consolidation.
the pair is on a Downtrend and have eyed an Entry at the...
this is an AUDUSD chart on M30 time frame. this is a price reversal after Fridays Non Farm Payroll report and new 30 month low.
this morning south African time price reversed with a huge Bullish candle from 0.71000 up to 0.71201.
with further momentum, we have registered our first HIGHER HIGH at 0.71300 before market correction down to 0.71090 for...