FX:AUDUSD BEARISH GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: (EVENTUAL SELL OPTION) 78.6% XA 127% ext AB Targets: TP1 38.2% AD TP2 61.8% AD BULLISH CRAB Point B: 38.2% to 61.8% XA Point C: 38.2% to 88.6% AB Point D: (EVENTUAL BUY OPTION) 161% ext XA 224% to 316% ext AB Targets: TP1 61.8% CD TP2 127% CD Check...
Here we got the infamous Bat pattern that gives us that good R:R we loves so much to get the week started. The setup appeared after we got a good cluster of double / triple bottoms to make a "floor" or a support area where we can put our stop behind to give os some protection. Bear in mind this is a very counter trend trade, but its also a high reward one! On...
Bullish Deep Crab Pattern & Bullish Divergence
AUDUSD is at a significant zone as the Daily candles have just wicked on to the Monthly support line. Now a trendline does not always hold or fall on a first touch. But in support of a swift reversal, we have a possible harmonic pattern completion - a 'Bullish Deep Crab,' right around the price-contact-point of the monthly trendline support. So this presents a...
Here we got one more of the infamous bullish Cypher patterns in a very sideways choppy market, RSI still needs to come down a lot just as price have to, so watch out for the price action when we get more near the entry level. We got a lot of news this week so it can make for some even more choppy market conditions. Kind Regards Thomas Jeff
AUDUSD has just reached the area of a possible first target bullish, bullish movement was important and very steep, a further possible extension before a pullback. Follow our setup here: Signal Suisse
W1 CLOSED WITH A STRONG W1 REVERSAL PATTERN (BEAR TRAP / FAKEY FORMATION) LET ME EXPLAIN WHY THIS PATTERN IS STRONG. USUALLY WHEN THERE IS A INSIDE BAR ON THE D1 W1. TRADERS WOULD TRADE THE BREAK OF THE INSIDE BAR OR THE MOTHER BAR (CONSERVATIVE). LAST WEEK THE PRICE WENT BELOW THE INSIDE BAR, CAUSING SELL TRADES TO TRIGGER, FOLLOWED BY CLOSING ABOVE THE INSIDE...
Yellow levels are daily support and resistance. Red levels are h4 support and resistance. There are two possible trades here, if PA suggests when the price trades up to the red level that there are loads of sellers I would short. Otherwise if the red level breaks (which I think it might) that level is essentially useless to me as it was previously...
Trading idea on 1h chart: Long AUDUSD – Get on the train ________ Trading idea: stop buy order at 0.7905, Risk-Reward = 4.11 SL@ 0.7877 (-28), TP@ 0.8020 (+115) ________ AUDUSD broke out above resistance at 0.7850, which is support now and might be tested, BUT: - if the price breaks out above 0.7900, then there could be a second impulsive leg before the test of...
Chart says it all Tweezer double bottom forming on AUDUSD.
AUDUSD is making a tradable bottom on the weekly chart as seen by the RSI, Stochastics rising off overold levels. The weekly MACD blue line is still sloping a bit down, but appears to be in the early stage of flattening. Significantly, you can see AUDUSD having found support close to current levels in early 2014 and early 2010. AUDUSD broke briefly below this...