USD strength expected to continue.
price recently broke daily support and re-confirmed this as resistance (orange line)
before moving lower.
Higher TF support break missed, so looking for short entries on hourly support/resistance levels.(green lines)
entered at 0.72400, suspect this to form resistance and TP at lower previous hourly support.
Expected USD strength to continue.
Price broke Daily support and re-confirmed it as resistance, continuing lower, so ive looked for short entries and targets on the hourly.
green lines represent hourly support resistance. ill take the short from 0.72378 to the below past support
AUD/USD is extending the bounce from the 0.7311 monthly low of 21 November, but difficulty is seen sustaining further gains as short-term studies turn mixed.
Congestion around 0.7600 is expected to provide a strong barrier, as investors remain cautious, with prices to settle into consolidation above 0.7305.
An unexpected break below 0.7311, however, will turn...
With the break down finding support at expected levels and a bounce back to resistance, I think we could see a further move to the downside. I'm shorting this at current market price with a target of 0.71820, again at previous support levels. Nice 5:1 potential profit-risk ratio here.
These are only my opinions. Comments, questions and suggestions are very welcome!
Looking for a move up to outside of upper value on AUDUSD. Price has consistently been supported by the 200DMA and we have had a break of a long term weekly trendline beginning in 2013. In addition, we have a Wyckoff bottom that has formed with completion at target indicated. Gold also looks like it could have a bullish run as I feel that the dollar bull run is...
Potential Head and shoulders pattern nearly formed on the daily chart of the AUD/NZD pair
im already long from 1.0550..
200 sma around the same area as the neckline will be keeping a close eye on this to see if it breaks if so will add to my current position on the re test
Mainly technical analysis here, but I think the fundamentals support a break to the downside. I have an order in to short if it drops on opening with stops back above the channel support and the SMA 50, with limits set just above lines of support from earlier in the year. I'm hoping LIMIT 1 will be realised quite quickly, and looking to buy back 50% there, with...
Price has broke the descending triangle and now retesting the triangle also a continuation head and shoulders pattern with a nice bit of confluence of the neckline and 38.2% fib lining up.. 2 shooting star like candles showing price is getting rejected from higher levels but Fridays candle was pretty strong bullish candle so will wait to see how it plays out...
Head and shoulders on the AUD/JPY pair 1 hour chart.. pattern nearly completed.. im already short got in @ 80.250 as also in a descending channel on the daily and touched the resistance..
neckline of the H&S in line with the minor ascending channel resistance once price breaks these levels with add to my position on the retest
today i want to show you a situation that i will be looking to over the next days.
As you can see in the chart (if you zoom out), here in AUDJPY we recently broke a daily resistance and we are now retesting this level that has proved to be strong two times last week, and so i will be looking for some entry reasons (as double bottoms, engulfing...
Potential head and shlders pattern forming on the AUD/NZD 4 hour chart bulls look like they're really struggling to take prices higher.. also price at the neckline of a inverse head & shoulders on the daily chart
Bullish flag on the 4hour chart.. maybe pull back a bit lower and test the ascending channel support and & 0.236% fib from the daily chart .. will enter a trade once its broke the flags resistance with a main target of the 1.618 extension
Aussie-Yen showing us a bearish bat running coherently with the weekly trend line. Retracements showing a strong bat pattern- B and C points are below the close of price but still on the wick. As always, long as price remains on the wick and has not been surpassed by the body of a previous or following candle, the pattern is still valid. The D point is...
Bullish momentum has final come to an end we can see clearly that a 'Head & Shoulders" pattern has potentially formed. A huge engulfing bar was made on the daily timeframe showing traders that sellers were now present in the market, with a a nicely formed engulfing and pin bar on the "4H" chart i decided to short this pair, we can see previous lows being violated...