tradervicx

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100 % forex
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USDTRY 50% | 1 AUDUSD 50% | 1
tradervicx tradervicx AUDUSD, W, Long ,
AUDUSD: AUD/USD Major reversal in play - Gartley 222
64 0 1
AUDUSD, W Long
AUD/USD Major reversal in play - Gartley 222

AUD/USD is sitting on a major reversal spot. According to the theory there is a 80% chance of this pattern playing out. Importantly there is both time and price symmetry in this pattern. From a market psychology point, this is the ultimate contrarian trade: China stock market got sold off, so the press says that has led to a AUD sell-off, Bloomberg article says ...

tradervicx tradervicx USDTRY, D, Short ,
USDTRY: Short USD/TRY - H&S potential pattern
26 0 0
USDTRY, D Short
Short USD/TRY - H&S potential pattern

Potential H&S pattern I think USD is suffering from exhaustion after a solid run. My conviction is largely due to negative divergence in RSI. To my eye, this looks very much like a high probability trade. Short at the Right Shoulder to build-up profits to again go short after breach of neck line. Great carry trade pair, even when it stands still. TVx

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