The retracement line on M15 and on M30 is squeezing the bars towards the Fibonacci level at 1.04958.
The same trendline holds for H1 as well (see )
A bar closing under that trendline would probably lead way to a further continuation downwards,
The trend has been short for a bit now as you can see on both...
another analysis i really enjoyed today. This is one of my favorite style, for youhave to support your view by adding more and more clues (of value) to your side.
Here on AUDNZD we are at a bigger Gartley completion, and we can see a nice AB=CD pattern and a Fibonacci cluster all right there. In addition to that, we also are in an OVERBOUGHT condition...
As far as reasoning here is right there is an option to tripple your account only with this pair for next 2 years.
The wave (I)(II)( III)(IV)(V) is just entering the impulse state at ( III).
I'm not into divergencies , but here on MACD and RSI monthly is how i justify that this wave (I) is part of (I)(II)( III)(IV)(V) impulse. Additionally the move marked with...
There's a cypher developing on this chart (red) with a larger gartley opportunity proceeding.
There are a number of bearish inside bars (red arrows on chart) at the top of the cypher formation so I'd expect that to complete shortly.
RSI is bearish.
this time i want to show you a flag pattern that is forming up in 1hr chart on AUDNZD. Here we recently broke and closed below an important structure level (black line), so we expect price to continue lower.
It is very usual to see consolidation patterns after impulse legs like this, and the likelihood is that market continues on the impulse leg's...
this setup is similar to the USDJPY's one. We are testing a resistance level (blue line) and we created a double bottom with rsi divergence and then we broke that to the upside, giving us reason to believe in a change of trend.
So we wait for a .618 retracement of the impulse leg that broke the double bottom and then we buy the market.
First target at...
Playing perfectly along that 1.04141 support line. Bigger picture shows a bullish reversal back up to 1.05368 ish. There's also a cheeky little cypher within the Gartley but I don't think those rules will get met.
Set stops below 1.04141.
theforexportal is LONG this morning from 1.04444.
The blue support line on the daily time frame appears to be holding again and price is climbing up the rising trendline shown.
This trade has huge potential as this pair remain in the lower fib area under the 23.6 level so the scope for a move north is massive.
I have a STOP under S61 support at 1.0400.
theforexportal is LONG this morning from 1.0440.
On the daily we can see that the support area shown is potentially holding again and the rising trend line may support this pair as it advances.
This is quite an exciting looking trade as this pair trade in the lower fib zone (under 23.6 fib) and therefore has a long way to go north (potentially).
Audnzd Trading around 1.0555
its not holding above 1.0600 level
we can see on daily chart its
Rejecting that area and drop
again if hold below 1.0630 level
soon we can see it around
So sell advice in rane of
1.0560-1.0610 sl above 1.0650