This could turn out to be an ABC/DE corrective structure I'm short on this and looking for it to complete the C Wave If it reaches the bottom of the channel we'll have a look at what to do next If you are not in now I would wait to see how it develops Like or follow for updates Good luck Steve
I entered short aggressively yesterday and got stopped out - in my defense I did suggest that traders wait for the break down before going short. Perhaps I need to take my own advice lol Price has now reached a decision point which could see it break out north or come back down for another corrective wave. Do nothing until the markets lets us know what it...
I'm publishing this chart as an idea of where this pair is going. It's not a prediction just a test. Let's see what happens Steve
Price has reached the top side of the channel If it breaks out wait for a correction then buy Alternately it may go down to the Weekly trend line before going long or breaking down Do nothing now I'll update this idea as it develops Good luck Steve
This looks like a great short opportunity Rising Diagonal - momentum divergence 61.8% fib retracement of previous high Better price available than my earlier chart For a less aggressive entry wait for the break out and correction Hope this helps Good Luck Steve
Thanks to Anil Mangal for this idea looks like This pair are about to break out to the down side Target the Daily/weekly trend line Good luck
I'm long on this from the bottom of the channel There is currently a flag forming which is a great opportunity for any one who missed the bottom If you want to be less aggressive - wait for the break out before buying Hope this helps Steve
Descending diagonal with momentum divergence on MACD This pair could be about to start a nice wave up to channel top Nothing to do for now but it's worth keeping an eye on this over the next week or two I'll post updates as this develops Hope this helps Steve
Trend line broken - impulse in correction - flag Buy to at least to the top of the pole - with a eye on previous high before large correction
Much waited Break out has occurred Wait for the correction and buy Good Luck Steve
This looks more promising - could be an impulse which may break out of the downward channel If it does wait for the correction and go long If it rebounds of the channel top you could possibly trade it all the way down again. The big trade here is long and you don't want to miss it either way Hope this helps Steve
The ABC correction is over Price has broken out of the corrective channel Wait for the correction (hopefully a flag) and Buy Most Aussie pair have this current configuration Hope this helps Good Luck Steve
I've been waiting for this Pair to come down to this level for a few weeks now It's bounced off my buy line but it may bounce again - if not then wait for a flag to get involved
I still think this will go one more leg up to the Weekly trend line (WTL) but at the moment it looks like it is making an ABC correction. Let's see if it comes down to the daily trend line (DTL) if it does then we'll have a better idea of what it is going to do next. If it breaks down below the DTL wait for the correction before going short Hope this helps Steve
This an update to the linked chart below I've seen people calling this short while others are calling it long To me it is neutral unless you are already in it. It is to early to tell if it is going to break out of the Daily trend or if it will go for one more leg down I my opinion it is too risky to go short and also too risky to go long until we know more Hope...
This could be an ABC correction I think it will go to the top of the B channel before heading south again I'll keep an eye on it and post again when it looks like a sell Keep your powder dry in the mean time Hope this helps Steve
This looks like an ABC correction I'll go short from 1,2450 Good luck Steve
I've been trying to go short on this for a few weeks but I have finally given in (for a small leg up) I'm calling it long up to the trend line then we'll see where it's going next Hope this helps Good luck Steve