About meHey Traders,
Welcome to my profile. My trading is done using technical analysis only. My trades should not be taken as signals so please use anything i post in conjunction with your own analysis and risk management.
AUD/USD coming into the action zone now, it is a counter trend trade but the risk:reward is significant if it plays out.
On the Monthly time frame you can see we are coming into a major support area where historically we have had significant moves away from it, also the major support area coincides with a huge trendline we have which could be the 3rd touch. (MA's...
Kiwi has been in a little bit of consolidation the last month or so, however it appears momentum is gathering for the next push down.
Once we have a break and close below the daily Support that'll trigger my entry and i'll be targeting the next monthly Support at the 0.61000 mark.
Just waiting for confirmation on this pair for a break of the trendline and an MA crossover to the downside. A safer entry may be on the breakout of the head and shoulders pattern.
Lets see what happens!
Hello fellow traders,
Hope you've all had a productive weekend!
Still Bearish on this pair, I've heard a lot of people saying the bears run is over but one of the first things i was told a few years ago when I first stumbled across forex trading was...trade what you see, not what you think. This is not a guessing game its a skilled craft in which we let price...