Update: Failure, stop loss hit. Profit/loss= -22pips Shooting star at retracement level, one more simple short setup
Update: Failure, stop loss hit, Profit/loss= -30pips A major shooting star daily candle at 50 percent Fibonacci level, indicating a downside reversal ?
Update: trade cancelled. price headed higher, so didn't get entry , trade cancelled The long-legged doji at 61.8 retracement level indicates a potential bounce, I am looking to long the price on a pullback targeting the 200-days SMA. Note that the overall short to medium term trend is bearish.
Update: closed ahead of stop loss, at 1.6908 due to a key fundamental reason. Profit/loss(pips)=-38 A long-legged doji at major broken support level,another short term short trade
Update: Failure, stop loss hit Profit/loss(pips)=-50 A simple pin bar setup at broken support-turned-resistance. Sorry for duplicate post, accidentally clicked twice
Update: Full Target hit Profit/loss(pips)= +135 If the broken support holds as a resistance, we may see a resumption of the bearish wave and the breakout of the double top pattern.
Following my earlier analysis, fortunately price headed to higher within the context of the bullish channel, to retest the the cluster of resistance levels(200-days SMA, neckline for an inverted H&S and channel ceiling), before sharply reversing direction, such major sell off hints a potential crash within the upcoming period, First downside target at the mid...
Update: Firs target hit, moved stop to break-even, stopped at break even Profit/loss(pips)= 115 Price managed to break the mid-band resistance and 50-days SMA, could be heading to retest the top of the band. A swing play on the AUDNZD.
***Closed at trend line test, 0.9595. Profit/loss(pips)=+50 The price has reversed course from the the 50 percent retracement level and the 200-days SMA, the initial bearish action confirms this area as key resistance and hints a potential downside pullback, a followup by bearish closing today may give further confirmation to this scenario.
Update: Failed, stop loss hit Profit/loss(pips)=-50 The price has approached the confluence of Fibonacci extension levels, for a potential bearish crab pattern. A pin bar at this resistance may give further confirmation to the intraday bearish scenario.
The weekly chart clearly illustrates the strong bull market, driven by liquidity injections by the federal reserve, ignoring major events-risk within the past few years . Markets are only worried if and only if the fed stops or hints to to stop providing its drug, however, recent data suggest a slow down in economic activities, meanwhile government shutdown will...
The price maybe heading to an adjustment phase, after the major parabolic rally. Signs of technical exhaustion on price and momentum favors further downside correctional bias, and a potential short to medium term trend reversal.
The pair may have completed a short to medium top as price completes a bearish reversal double top formation, after a long period of bearish divergence on price and momentum indicators
Update: Closed position ahead of market close Profit/loss(pips)= +40 A major pin bar at 0.886 retracement level, and 1.27 projection of the latest bearish
Update: Target Hit Profit/loss(pips)= +51 Multiple bin bars at mid-range support, a quick long setup
Update: First Target Hit. Moved stop to break-even, stopped at break-even. Profit/loss(pips)= +40 The price stalled at a major resistance area, a short setup with a good risk-reward
Update: First Target Hit. Moved stop to break-even, stopped at break-even. Profit/loss(pips)= +47 The confluence of 0.76 and 1.618 extension may push for an intraday bearish attempt
Update: Failed, stop loss hit Profit/loss(pips)= -80 Pin bars at broken support level, marking it a resistance and hints possible continuation of the selloff