cmounsteven

cmounsteven Updated 

FX:AUDUSD

cmounsteven

Along with my EU idea i recently posted this movie i also expect to have to wait till news time. This trade is also the higher probability out of the two because support and the SMA line ups so well. My overall prediction is that price will bounce off the support and 200sma and rally for a long term buy position to the past highs of 1.43000. I will be using a...

cmounsteven

hello everyone, just wanted to share my analysis of EU previous to the news releases. i have the pair at a solid s/r probably until the news comes out. after that i predict a strong jump off the support for a good long trade. how ever the strength of the downtrend leading up this area has scared me alittle along with the crossing of the 200SMA. If i enter this...

cmounsteven

This is a nice setup i have been playing for a while. The rising support has held strong and has continually pushed price back up to the resistance for a third time. this is a good trade to take in my opinion because it has already started, and is a trend following trade.

cmounsteven

the eur/chf is oversold in most major time frames as well as being at a pretty well tested support. going long with sl just below support and target up to first resistance

cmounsteven

looking again at this descending channel on the 1hr for the eur/gbp. looks like the pair has already come to a slow for now and there is some indecision. i am waiting and hoping for a bounce to profit off this pair once again. how ever this would have been a pretty long channel for a 1hr frame so a breakout is possible. i would suggest waiting for a solid...

cmounsteven

Although i didn't post this one until it was well on its way i was long in this trade off the support channel. this descending channel seems to be really holding up and i will be looking for a trend following short off the Resistance next for sure. i will make sure to post that one as well .

cmounsteven

after a solid sell off the pair seems to be forming a bearish pennant. a strong bulling candle near the end of the structure if rejected can cause a strong down ward sell of out of the pennant. TP is unclear as of now although the size of the pennants opening is the norm. the Canadian CPI announcement tomorrow could have an effect to open positions at 8:30 tomorrow