MightySunfish

MightySunfish

We are ready to bust above the 200SMA for a possible retest of resistance at 0.7500. Enter around 0.7300 with stop @ 0.72 for a nice 2:1 RR trade

MightySunfish

AUDUSD has retraced to a S/R level, which means it is a good time for bears to hop on the downward trajectory bandwagon. Target 0.68 if brave enough and pick up $1k on a single lot trade!

MightySunfish

CAD is continuing it's strong upward rally, helped by the recent dive in oil prices. Short positions are not an option at this point. I will continue to buy into dips.

MightySunfish

Price has been sideways but is developing a downward bias. Two targets for med and longer term.

MightySunfish

Short term trade opportunity. Likely to bounce off resistance here and snap reversal. Trade as posted gives better than 2.5:1 Risk/Reward

MightySunfish

Pair is currently sideways after making some highs. If kumo breakout below occurs, allow to break 200SMA for confirmation of trend change. Watch for break to the upside as well in case of trend continuation.

MightySunfish

Opportunity for a short term retrace over the next couple of hours. Possible Itchimoku breakout set to occur shortly. Keep stops tight and be prepared to take profits if trend reverses.

MightySunfish

Opportunity for short on AUDUSD, Buy on rejection from resistance, follow the price down to raising trend-line and then to first support level as marked.

MightySunfish

Price under 20/50/200 EMA and strong bear MACD on 5M chart. Under 20/50 on 15m and beginning of good MACD on 15M Target 0.70500 for a intraday short and pick up some pips. Target 0.70000 if feeling adverturous and trail stops as appropriate

MightySunfish

Euro is continuing on a slow uptrend within a defined channel, but is having to fight for all the ground it is making. It is currently at a area of consolidation and as such needs to be traded carefully. I will be watching the 15M/1H/4H charts for bullish reversals from bear runs and buying on weakness. in the long term 1.18 is a area to be careful around and...

MightySunfish

After closing my positions before the weekend I am now on the lookout for a re-entry into the bear trend on the Aussie. There is a upcoming level of resistance, as well as a small Bull trend line that I can use as a break signal. I have also noted a time area where we have been experiencing large moves recently, which is something to keep in mind..

MightySunfish

Taking a quick look at the weekly I have highlighted areas that I believe are offering strong support/resistance that we need to be aware of. Moving down to the daily I have added an additional level to be aware of, which seems to be acting as intraday support/resistance, but is nowhere near as strong as the previously mentioned levels I pointed out on the...

MightySunfish

We have entered an area that I have identified as being an area of over-supply, and of course when supply exceeds demand, prices drop. There is bearish a trend-line forming from the top of the major drop back in Feb to the two recent peaks. I think it is now time to watch the 4 hour charts for bearish entry opportunities. 4 hour shows consolidation around...

MightySunfish

As notated in the chart. Looking for a retrace to the previous levels.

MightySunfish

Price is ranging on 15 minute chart. Watch for setups to get in a nice reversal trend. Use modified MACD to filter out whipsaws.

MightySunfish

Quick bounce back off our short term support level making for another quick way to get some fast pips :-)

MightySunfish

Pair has been ranging recently on higher time frames allowing us to hunt reversal opportunity's on lower time frames. In this case I think we are about to have a reversal on the 15 minute chart and replacement to the lower part of the range. STOP above resistance and TP slightly above bottom of range. If you enjoy my analysis remember to like and follow to get...

MightySunfish

Took short position on arrow and position is now testing previous support. Anticipating trend continuation TP @ 82.00, but have moved stop to profitable position in case of reversal.