Could be a good buy if H4 could generate nice pin bars at that area. Right now, Price reaching that area with intense agression. When will it cool off? Support holding reasonably well. If breaks of support, could be looking at sell EUR pairs overall. But i wont go into that yet. Im still holding my sell EURNZD looking to close out soon and re enter longs on...
SEE LINK BELOW FOR DESCRIPTION. SEE CURRENT H4, MONITOR TO ENTER LONG UPON FAVOURABLE PRICE ACTION. OVERALL I FEEL AUD IS BULLISH. HAS THIS PAIR FINALLY COMPLETED ITS RETRACEMENT? BREAK OR BOUNCE OF TRENDLINE? CLICK THUMBS UP IF YOU ARE IN THIS TRADE, OR LIKE / HAVE BENEFITED FROM ANY OF MY IDEAS
19MAY UPDATE: SHORT TERM BEARISH BIAS. READ COMMENTS SECTION BELOW FOR UPDATE. NOTICED I DID NOT POST A EURNZD IDEA. HERE IT IS. PRICE CLOSED 2 PIPS ABOVE 1.5300 LAST WEEK. HIGHEST IT REACHED FEB 16 2015. THE FACT IT CLOSED 2 PIPS ABOVE MAJOR RESISTANCE AND PREVIOUS W1 PIN BAR SIGNIFIES IT WANTS TO CONTINUE UPWARDS. TODAY IT GAPPED UP DUE TO NZD WEAKNESS. ONLY...
19 MAY UPDATE: READ COMMENT SECTION BELOW. JUST WANT TO BRING THIS MAGNIFICENT SETUP TO TRADERS WHO ARE FOLLOWING ME. TAKE NOTE OF THIS INVERTED H&S ON KEY RESISTANCE WITHIN A WEDGE PATTERN THAT IS FINALISING. OBSERVE PRICE ACTION FOR SPLENDID RISK REWARD. PRETTY SURE THERE IS HUGE VOLUME OF BUYS AT THE BREAKOUT OF THAT INVERTED H&S. THOSE FOLLOWING ME SHOULD...
SEE CHART. THE PAST TWO MONTHS OF NZDJPY HAS BEEN QUITE MESSY. BUT IT LOOKS LIKE A ROUNDING TOP PATTERN WITHIN A WEDGE. WHAT DO YOU THINK? SELL AT BREAKOUT. WE NEED THIS BREAKOUT AS A CONFIRMATION AS W1 HAS A DOJI/SLIGHTLY BULLISH CANDLE. DO NOT SELL AGAINST THAT W1 BAR NOW.
PRICE BROKE BELOW SUPPORT LINE RECENTLY AND WAS RETESTED YESTERDAY. SUPPORT TURNED RESISTANCE HELD ITS SIGNIFICANCE. PIN BAR REJECTION OFF 0.9000. WILL IT CONTINUE TO BE A SIGNIFICANT RESISTANT AREA? THUMBS UP IF YOU FIND THIS IDEA INTERESTING. APPRECIATE IT. THANKS.
UPDATE: D1 FAKEY OF INSIDE BAR FORMED. DOWNSIDE BREAK OF THE MOTHER BAR AND SUPPORT LINE WILL ESCALATE FALL. I HAVE ALREADY SHORTED. WOULD VERY MUCH LIKE TO SEE THE SUPPORT AND MOTHER BAR'S DOWNSIDE BREAKOUT. QUICK GET IN GET OUT TRADE. SHORT NOW TO TRENDLINE. FLAG PATTERN. "SMALL SOLDIERS STEPS BEFORE A WAR" AS I WOULD CALL IT. SL ABOVE 188.7. IF PRICE...
UPDATE: FOR THOSE WHO SHORTED. MIND YOU DO NOT BE TOO GREEDY MATE. SUPPORT COMING RIGHT UP @ 95.50 TRENDLINES CONFLUENCE @ 95.50. A CLEAN DOWNSIDE BREAKTHROUGH OF 95.50 WILL INVALIDATE THIS TRADE IDEA. THUMBS UP IF YOU FIND THIS INTERESTING OR IT HAS BENEFITED YOU. THANKS. D1 W1
UPDATE: DO NOT BE TOO GREEDY IN YOUR TP. THIS TRADE IS FACING SOME SERIOUS SUPPORT @ 0.9600. SIMILAR TO AUDUSD. REACHING KEY RESISTANCE. WHAT WILL HAPPEN? KEEP A LOOKOUT. BREAK ABOVE IS LESS LIKELY IMO.
UPDATE: DO NOT HOLD YOUR SHORT FOR TOO LONG. LONGS ARE COMING RIGHT UP AT THE BOTTOM OF THE WEDGE. UNLESS A CLEAN BREAK PRESENTS ITSELF. WEDGE PATTERN WITH MANY VALID BOUNCES. TRADE THE BREAKOUT OR TRADE THE WEDGE ITSELF? CURRENT H4 BAR IS VITAL. IF IT CLOSES A PIN BAR, WEDGE COULD BOUNCE OFF ONCE AGAIN. HOWEVER NOT THAT LIKELY CURRENT H4 WILL CLOSE AS A PIN...
UPDATE. price closed below both support lines as mentioned and below 1.0800 consistently H4. CHART IS THERE. ENOUGH SAID. I WOULD BE LOOKING FOR SELL UPON BREAK OF H4 TRENDLINE COINCIDENCE? NO. H4 H1 TREND LINES REQUIRED TO BE BROKEN FIRST
UPDATE : THIS TRADE IS NO LONGER VALID. YOU ARE WELCOME TO VIEW MY OTHER IDEAS. THANKS. SEE D1 TOO. 61.8 AT 0.895 KEY LEVEL KEY TRENDLINE RESISTANCE IF TRENDLINE IS BROKEN AND D1 CLOSED ABOVE TRENDLINE. TRADE IS INVALID AND I MAY ENTER LONG NEXT DAY DEPENDING ON PRICE ACTION. D1 ALL THE BEST
SEE H4 CHART WILL LOOK TO SELL UPON BREAK OF TRENDLINE MAY ENTER LONG UPON BOUNCE. SEE PRICE ACTION. H4
SEE CHART FOR FIB 127.2 EXTENSION AND TRENDLINE. TRENDLINE IS SIGNIFICANT, MANY FORCEFUL BOUNCES OFF THE TRENDLINE. SEE H4. H4 IM LOOKING TO SHORT THIS PAIR, BIG RR. UPON BREAK OF TRENDLINE.
NOT A TRADE CALL, NEITHER BUY NOR SELL. JUST AN INTERESTING SPOT PRICE HAS LANDED AT. RETEST OF WEDGE AT 1.9400. WORTH TO KEEP A LOOKOUT.
READ CHART FOR DETAILED VERSION PIN BAR HIGH INVALIDATED SHORT'S STOP ARE TRIGGERED MORE BUYS ARE TRIGGERED PUSH PRICE HIGHER TO BIG MONEY'S SELL ORDERS FOLLOW BY PLUNGE. FOLLOWED BY LONG'S STOP TRIGGERED. FOLLOWED BY MORE PLUNGE. IN SHORT, THEY ARE CREATING VOLUME THROUGH STOPPING TRADERS OUT. HIGH RSI READING D1 H4 RSI DIVERGENCE KEY RESISTANCE 2.0800...
GBP IS STRONG, APPARENTLY IN LIGHT OF RECENT POLITICAL MATTERS. I WOULD LONG THE BOTTOM OF THE WEDGE WITH CONFIRMATION AND REJECTION. DUE TO THE STRENGTH, TRADE MAY NOT TRIGGER THEN I WOULD SWITCH TO OTHER TRADES. I WOULD ONLY GO LONG AT OPTIMAL RR @ BTM OF WEDGE SETUP. LIKE, COMMENT IF YOU AGREE OR DISAGREE. MUCH APPRECIATED :) W1
POSSIBLE TRIANGLE WEDGE PATTERN FORMED ON D1 H4. POSSIBLE BREAKOUT SOON. WAIT FOR BREAKOUT (AS CONFIRMATION) TO EITHER SIDE FIRST BEFORE ENTERING ANY TRADE AS CURRENT RR AND PROBABILITY IS LOW. I WOULD VERY MUCH PREFER TO TRADE AT KEY LEVELS 0.80500 IF UPSIDE BREAKOUT & 0.7900 IF BREAKOUT BOTTOM IS CONFIRMED EITHER WAY, WE SHOULD WAIT FOR TODAY'S D1 TO CLOSE...