As Stochastics cross yet again on an admittedly weak bearish candle, is there any slowing down for the Aussie? This is what I envision any turnaround looking like, though I'm not putting a position on until it confirms below the higher trend line.
23.6% fib w/resistance: 1.0064, 38.2% fib w/resistance: 0.9933, 50% fib w/weekly resistance: 0.9828
As Stochastics cross yet again on an admittedly weak bearish candle, is there any slowing down for the Aussie? This is what I envision any turnaround looking like, though I'm not putting a position on until it confirms below the higher trend line.
23.6% fib w/resistance: 1.0064, 38.2% fib w/resistance: 0.9933, 50% fib w/weekly resistance: 0.9828
As Stochastics cross yet again on an admittedly weak bearish candle, is there any slowing down for the Aussie? This is what I envision any turnaround looking like, though I'm not putting a position on until it confirms below the higher trend line.
23.6% fib w/resistance: 1.0064, 38.2% fib w/resistance: 0.9933, 50% fib w/weekly resistance: 0.9828
GBPUSD in long term uptrend, but breaking below the current trend. This is what a long position would look like, and my reasoning for it. Hesitant to enter.
Thoughts?
Evening star setup on AUD/CAD as stochastics cross while overbought. Conservative target range with resistances.
My entry is automated, 75% to close at 1st Target, last 25% at 2nd.
Evening star formed at close of last week on GBPJPY, awaiting confirmation. Stochastics overbought and %K (14) just crossing %D (3). First support at 170.85, then 168.76.
GBPUSD has played a range like clockwork the past few years
Here the Pound has cleared weekly (thick) and testing monthly resistance. Is the squeeze setting up with BB breaking outside of Keltner as weekly uptrend touches top band?
However Stochastics are overbought, so be cautious. We've reached the top of the range, so it could be a signal that the Pound is...
