ifly777

ifly777 Updated 

The trend line was broken before and a new shallow trend line was formed. A bearish divergence is forming on the stochastic as well with a sell signal. Once the break below the new shallow trend line is confined as possible short setup.

ifly777 Updated 

AUDUSD is almost at the top of the range and is forming a short setup for the target of atleast the first trend line which is around 65 pips and if it goes further it would be around 120 pips. Keep a stop loss above the high of the previous bull candle.

ifly777 Updated 

Possible rebound from the neckline followed by a reversal and breakout from the neckline. Wait for the necking breakout or scalp along the pattern. Keep in mind Its not a simple head and shoulders though. Here is the link for pattern for more info thepatternsite.com

ifly777 Updated 

EUR is loosing steam. Momentum is quite low and the rejection of the resistance is almost confirmed.

ifly777 Updated 

Took an aggressive sell position on the EURAUD. Now a fresh signal is going to form on the ichimoku. It still has a potential of 200 pips i think.

ifly777 Updated 

Kumo breakout has occurred on the EURJPY. TK cross happened much before. Since the outlook for EUR is still bullish it might chop along for sometime before it heads down. I have taken an early aggressive sell on this pair already.

ifly777 Updated 

AUD has run out of steam. Expect a move down below the 0.7522 Level.

ifly777 Updated 

AUD has run out of steam. A safer buy would be above the 1.4849 level.

ifly777 Updated 

1 Year old trend line is breached. More downside to come.

ifly777 Updated 

XABCD Wolfie pattern is forming on USDJPY. Target as mentioned on the chart.

ifly777

This was a classic case of Bearish MACD divergence. The price was forming higher highs and the MACD was forming lower Highs. This could be a good reason to take a trade signal opposite of the trend. With out such indications trading reversals can be risky.

ifly777

Sell below the pivot break. I would sell it when it breaks below the moving averages. The green MA is the 240 WMA.

ifly777

USDJPY is a sell below 109 level. But JPY has to pick up some momentum for that to happen. Long term fundamentals are still in favor of JPY.

ifly777

On the monthly chart XAU/USD is about to break throuh the trendline which is more than 1 year old. It has bounced off the 50% retracement mark. For very long term purposes the trend is still up. Although, before taking any long postions on Gold. I would wait for a potential whipsaw/manipulation of the price once again to take the gold bugs out of the game. A...

ifly777

Trendline has been breached but wait for the price to break the support zone below as well. Setup good for a 12 h chart and Daily.

ifly777

USDCHF bouncing off a major support zone which ranges back upto several months. Buy on a valid breakout from the descending trendline.

ifly777

EURUSD is at its resistance of 1.1272. A valid breakout of the trend line may give a nice sell setup for good amount of pips. If there is no breakout and trend continues upwards. I would stay away from it, 'cause its going to hit Resistance after resistance after that level.