buckleforex

buckleforex

Break of the neckline 183.45 targets 182.87

buckleforex

Pretty clear H&S here. Technically the neckline has already broken, indicating a move back to 1.9500-1.9600 area

buckleforex

A bit messy but when these monthly channels broke the last 2 times, it went a loooong way down..... Keeping an eye on this one now that we are 200 pips below the 50% fib & below the latest monthly channel.

buckleforex

Multiple TL resistance, previous supports & 50% fib all converging around $1150 & $1160 ish. Taking some light shorts here looking for $1142 at least. To me the USD is not done.

buckleforex

This is an incredibly bullish channel that we've been in since May 1. 2,400 pip rise in 3 months. Great trade if you were long! The channel has broken down now & I'll be a seller if we make it back up to 2.12/underside of broken TL, to start a potentially beautiful H & S on the daily. Potentially 2.00 being the target. Linking to the AUD/USD chart I posted...

buckleforex

In the short term (before the BOE) I would expect a retest of the 23% fib and yesterdays high at 1.5240 pretty soon, perhaps a small bounce then a test of the 1.5180 highs and 38% fib. 100 hr MA should also be meeting around there by the time price gets there. Will be watching the RSI & Stochastic to see if the bullish divergence gives way before taking a short....

buckleforex

The wedge will show us the way.

buckleforex

Aussie falling like a rock for what seems like forever. BUTTTTT.... 61% fib and monthly trend line coming up?? hmm might be time to go long soon. RSI & stochastics are also very oversold. .7185 seems to be the spot.

buckleforex

Simple short here with price approaching the 38.2% fib of 1.2567 high to 1.2085 low, this fib also lines up with the 100HR MA. It's also previous support from April 15. To summarize: - 38.2% fib at 1.2269 - 100hr MA at 1.2272 - 1.2270 area is previous support (april 15) and resistance (april 17) entry: 1.2270 stop: 1.2350 (risk 80) target: 1.2100 (win 170)

buckleforex

Took a short on GBPJPY at 178.40 after price hit the 200 day MA and the 38.2% fib. We also hit our 4HR trend line. Price reacted nicely & bounced down to close the day with a shooting star, another bearish sign. This trade fits with my fundamental outlook on GBP which should remain under pressure in the near term with Labour now leading most polls over Cameron,...

buckleforex

Posted this earlier before FOMC, taking the short now at .7700 target .7600, stop .7750

buckleforex

Nice simple channel confining price action for the last 8 days. A break above should illicit some more stop loss buying. If the minutes are hawkish I would think we start heading down to test the bottom of the channel.

buckleforex

If you're looking to get long GBPAUD, or add longs like me.. 1.9490-95 works well with the correction pattern on this uptrend. Corrections have been maxed at 150-160 pips so far. Also coincides with the trendline. LONG AT 1.9495, SL 1.9345, TARGET 1.9875

buckleforex

ADD LONGS AT 1.9100-1.9110 (38.2% fib, double TL support) FOR 1.9450. I am already long but looking to add.

buckleforex

Here we have a true wedge playing out. This fits with the fundamentals & technicals. A perfect trade for my style. I will be shorting at .7850 (23.5% fib) for a move to the downside targeting at least the 50% fib &100/200 MA's at .7750. Risk reward is great. Stop at .7875 above the wedge line.

buckleforex

BUY confirmed on GBPAUD. Testing 23.6% fib right now, which I think we will go right through. I am long from 1.8870. Target 1: 38.2% fib & 100 hr MA at 1.9050-60 area. - TARGET REACHED FOR 180 PIPS Target 2: 50% fib & 200 hr MA which will be 1.9140-70 by then - TARGET REACHED FOR 300 PIPS Target 3: 1.9300. TARGET REACHED FOR 430 PIPS GOOD LUCK !

buckleforex

GBPAUD is attempting to break out of the channel it's been confined to for the last week or so. Keep an eye on this one. Will update the chart tomorrow with targets on the LONG side if this break proves to be valid.

buckleforex

1. Double top at .7800, psychological level 2. Broken daily trend line retest coming at .7700 area 3. 50% fib from .7559 low to .7845 spike high also at .7700 4. USD weakness overdone 5. Trade: Short at .7800, stop .7850, target .7700 (risk 50 pips to win 100)