I'm already short this pair, and looking to add to it. I know it's been in a wild, savage upward trend, but it has begun to miss daily pivots - with today's being the most recent. It looks like the pair will close today below the daily pivot, and that's bearish for me. If we can then get bearish Knoxville ...
This is a trade with the Knoxville indicator on tradingview. It shows divergence last week leading into a bit of a pop this week. We're long from .8952 and would like to get to .9200.
We took a long trade on AUD last week and I feel like we are Linus waiting in the pumpkin patch for the Great Pumpkin. Today we got ...
Call me crazy but I'm going to go ahead and take my first buy trade on AUD/USD, in a play to get in on a reversal of the trend, at .8951. Multiple Knoxville Divergences and Reversal Tabs, and the new month.
Multiple Knoxvile Divergences in a row, reversal tabs all over the place (it doesn't matter if they're red or green - when you see a few of them in a row, it's time for a big move, and I always follow the divergence).
I've got an order to go long at .9270.
AUD/USD on the 4hr is looking really, really good. If I could trade options without crappy spreads on the currencies, I'd be buying volatility here with an expiration in August.
When we see three Reversal Tabs in a row on a chart, side by side, that's an indication that we're going to see a substantial breakout ...
I'm generally getting more USD bullish as we end July. But this is one pair that I think could buck that new trend, so I'm going to be more cautious about selling it. Of course, my bias always screws me up so I'll just put in the order like I always do.
Nice divergence trade finally pushed us up a bit on the pair. Looking to buy again just above where we stopped. And now we've also got bearish divergence and a Reversal Tab showing some downward pressure that might cause this trade to never open.