Nickelor

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About me Former oil trader. Would love to get back to trading for à living.
Joined New Caledonia
Markets Allocation
100 % forex
Top Mentioned Symbols
AUDUSD 100% | 5
Nickelor Nickelor AUDUSD, 240, Short ,
AUDUSD: Back on resistance levels
241 0 0
AUDUSD, 240 Short
Back on resistance levels

Time to go short again. Our stop will be just above the previous candle high, which happens to be the convergence level of our two moving averages, which reacted well as resistance level on the previous correction.. Target a push on 1.03. Let's keep our fingers crossed!

Nickelor Nickelor AUDUSD, 30, Short ,
AUDUSD: Almost there
170 1 0
AUDUSD, 30 Short
Almost there

Well, we are well into our rebound. As predicted the 1.04 level acted as a strong support. We are now getting close to selling time! Lets just wait for another little push closer to the red downtrend line and watch for a turn on the RSI and the stoch, as sell signals!

Nickelor Nickelor AUDUSD, 240, Short ,
AUDUSD: Looking week, but!
158 0 1
AUDUSD, 240 Short
Looking week, but!

Certainly the overall profile is looking weak, but we haven't gone through the critical support level yet. Everything points out to the 1.04 area as a MAJOR support level. We have a long term support line in this area, matching the 50% Fib retracement and the red upper neck line should also be right on the spot. This are three major supports all coming to 1.04. ...

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