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Aud Chf is trading around the 200 ma with no real clear direction but if you take a closer look you will see that we just forming a double top right at the MA and right into a s/r area , we see several test of this zone from above and below if we look a bit to the left .
I would like to see price droping from here and enter ...
Eur Aud is still in its uptrend but i will take a early look for a short reversal here .
What would drag me into a short trade would be the break of the Trendline and the s/r zone here in the best case the 200ma will be at the same place and gets broken too for tripple confirmation.
But as Trend is your friend and as i said we are technical in an uptrend i need to ...
As we see we have broken the Higher Highs to the downside with a SHS formation at the top and we have a break + follow through through the trendline .
Now we have a big pinbar right on the well respected s/r level which could lead to a nice pullback in direction of last lower high (right shoulder)
But as we have also break the upward trend from technical view ...
from my point of view i see that we have reached the s/d zone and price is forming a support zone with several penetration and break attempts.
I will wait for this support to break before entering a short position.
Alternative for this short is a break through the "2015drop zone" and a long trade after a close above.
Epic chart with simple view ;-)
the SHS we see on the daily is what i would like to trade.
An additional confirmation factor for the short is the MA here (break of MA and neckline)
i marked 2 tests from above and if it holds one more time on the next day(s) it could prevent price from breaking down the neckline and giving us a short signal .
If this happens and the ma + neckline holds and ...
After several tests of the s/r zone we just tested it again and now we are close to another smaller support which was a resistance before (s/r zone) and we are able to draw in a trendline to the upside with 3 touches .
Now we have our set up with double confirmation if it gets triggered!
I will wait for a break n close through the support and trendline to the ...
As you can see we had some nice action here with this SHS formation right at a rising trendline + a new formed s/r zone which pushed price to a new high here .
Now Price is running into another s/r zone which is not confirmed yet but i will look for a confirmed touch before taking a long .
On the other hand a break could lead to short in direction of the ...
A Bigger Price range is obvious and we are just sitting on the bottom right on the support zone which could offer a nice long entry after a certain price action signals .
Something like a break n close through a h4 flip zone here would give me confidence and confirmation to enter a long position .
A break of the 200 ma would also be a nice sign for me that we ...
After at least three failed attempts to break the last high price is back at the bottom of this nice big range and almost at the support zone
1) Price goes on with its downward move and breaks n close through the support zone , indicates that we could try to short this pair
2) price gives us a bounce and gets rejected by the support and gives us ...
Since October 2016 - Summer 2017 we were more or less in a nice upward trend which slowly turned into a big range as you can see last try to break the summer 2017 High failed and on its way down price breaks through a nice upward trendline ( a nice short trade by the way)
Now we just testing the low of the range outside of the trendline which could lead to 2 ...
Price broke above this s/r zone to the upside and already retested it from above as you can see.
Iam looking for a short if price can break the zone and gives me a close below .
My target for the short trade would be the rising trendline .
If we arrive at the TL i wil look for:
A) break and further downside move
B) rejection and and a move to the s/r zone to ...
For a long and continuation in trend direction I would like to see that price bounce from the s/r zone + the trendline (double confirmation) could be tricky to play but that depends on price action we will see in this area .
Alternative i have the short scenario on my list with a valid break n close below the s/r zone + trendline (again double confirmation) ...
Support zone tested multiple Times
Take a look at the Moving Average from below it almost matches with the support zone which makes it extra "strong" and gives me extra confluence
Now as always we have 2 possible scenarios
1)My favorite is the long here after price gets rejected by the support and the MA
a strong momentum bar to the upside or a nice Pinbar with ...
1) Price touched the big falling trendline
2)Price formed a Double Top right at this Trendline
3)RSI confiming a Divergence and indicating that price might go short here
I just want to see a break n close through the light blue s/r zone here .
I have enough confirmation by the 3 points above for a short now i just need this last push down breaking the structure ...
We are in a clear bearish market and going down since around 1year
The last weeks we can see a correction in direction of a previous s/r zone which was respected several times before price was able to break it down + extra confluence by a trendline with several touches.
Now again we have 2 scenarios which could happen here.
1) Price respects the s/r zone + the ...
It looks like a classic top pattern for me .
We see price found reistance in form of a double top right at a previous swing high which provides this resistance area.
I look for a short trade after price breaks n close below the double top neckline (support) .
Looking for a target at round about 1.54500 area.
If price cant break below i look for the other direction ...
We have a well respected s/r zone here which was tested 3times from above before breaking
Now we just saw the first test from underneath on the daily Timeframe.
The interesting part is that price is forming a SHS formation right under this s/r zone while the Head already retested it .
Such a formation on a location like this is a great sign that we may see a ...
-we have a Daily Pinbar
-The Pinbar is forming right on a s/r zone
-we have a Trendline wich is almost confimed by the 3rd touch
waiting for a follow through candle in daily Timeframe to give us a"real" confirmation of the Trendline
the other possibility is a break of the s/r zone and the Trendline to the downside and shorting this pair to the 0,9700 level as a ...