If you are trading the USD Pairs, look at AudUsd! Do you see the big long wick with all of the volume to the left? This is where price will most likely turn around! But look right at all of the wicks under this level! You can see the manipulation occured at this level nearly every time! The plan would be not to trade after news but im considering trying to sell...
Daily Chart Shown , Check H4!
Gbp/Nzd is going to reverse immediately as it has major divergence on the 15 min chart! I would say to go short now!!!! Find your take profits...
I just bought Nzd/Cad at critical support! In 6 and a half hours , Cad News is expected to make the Cad very weak! These charts are bad because im traveling and on mobile but I hope you guys can read them! My Tp1 - 0.84685 , Tp2 - 0.85413
Please excuse my charts but all 3 of our take profits hit from my last aud/usd idea and now it is time to buy! So we had our Trend Reversal , then we had a High! Then we just sold the low! Now we will have a higher high! Tp1 - 0.68283 , TP2 - 0.68777
Eur/Cad definately looks like a sell! I also see a Bearish Shark Pattern on Hour 1 That I did not include in this chart!
This is a clear level of resistance on hour 4 as you can see that price has tried to push up many many times and failed. I have been holding onto a sell now for a while! Eventually price should fall! You can draw a trend line under the candles and put a entry order at the breakout of the pattern... Or set a limit order at a safe place. This pair may still hang...
The Double Bottom Pattern on the daily chart is a trend reversal pattern. This means we should begin the uptrend now. We formed a high and you can see that price rejected hard from the second highlighted area. This is the High! Now we need a Low! .... Then we will look for the Higher High! So I believe that price will continue to drop just for a little bit , and...
See my previous analysis of Aud/Usd. It was a buy and I expected it to move to this level. It did... Now it has begin to retrace. Nobody knows if this is just a small pullback on the daily time frame , or that it will fall and create a double bottom trend reversal pattern on the daily time frame. Lets see what happens and watch closely!
I am still holding my buy position. As you can see , the trend is a down trend and soon we are expecting a move up in the down trend. I believe price will retrace to the yellow zone... which just so happens to be the 50 fib retracement level!
look at the chart! can be a great opportunity
Check out those rejections! If you throw on a h4 fib retracement u can see that a good take profit area will be around the 618 level! Regardless its very possible that a drop will happen very soon! Keep Watching!
We have a confirmed buy on the daily chart. On hour 4 , this head and shoulders pattern is a "Trend Reversal Pattern" meaning the downtred is over and the start of a uptrend will happen now. The Rules of buying a Head and Shoulders Pattern is to buy on the break of the neckline! We have this on hour 4 and in my opinion this is a signal to immediately buy....
The pattern is a simple pattern to trade. Nzd Usd has not broken out yet but on the verge of breaking out at any moment! It could break out at the start of the Aussie session! The best way to trade is place a limit order outside of this pattern or wait for the breakout on h1!
Still holding a short posistion after seeing the rejections on the daily chart! The weekly chart... price broke under the 200 day moving average and came up to retest it! Now it should fall! The Daily Chart has bearish RSI Divergence as well!
You can sell the triple top on hour 4! Check the daily as well and you can see it!
Have confirmed the buy on hour 4! We are going to open up 3 trades and take profit at every fib retracement level! Trade MUST HOLD over the weekend! Happy Trading!!! We have the confirmation now! Check Hour 4