Suspecting another move to the downside for this pair. Many confluences here: -Lower swing high with tweezer top characteristics. -61.8% fib pull-back. -Counter trend line break. -Current daily candle engulfing 4 previous days of price action
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...
Pattern completed... Targets on chart; Safe trades, open.spotify.com
The Gartley pattern has been completed at the structure level and will be good opportunity to short the pair.
Audusd Looks Good For a Short With Upper price rejection. Take profits@Flag Stop loss@ At Upper Trendline High
While keeping the chart info to a minimum, the 7600 support was held since March but has now been broken. Range Targets also tie in with previous key levels from 2006 and 2009! 71400 bound I think for this pair for ow.
While we all know Aussie to be weak fundamentally, the technicals were not getting aligned. It was consolidating much part of this week around 7700 levels. Well on a friday, it decided to break down this level. We look to Short AUDUSD on a retest to 7680 - 7700 levels. SL will be 7785. We prefer a bigger stoploss for the trade to get enough breathing space. ...
Here we got yet another of our simple patterns, going short on yet another trend continuation trade, look out for RSI is going oversold - so watch price action from now on. Price action made a double bottom so we are looking to catch a retracement and there for only got 1 target. If you have been following me and have followed our track record of now 631 pips...
Here we got the Aussie that went down to major Support several times, marked in circle the last hit. Here we got a big retracement with a double top, where we hope to capture a new downmove down to the major support on this Cypher pattern. Watch out for the RSI to move in to overbought condition also. Remember this is kind of a counter trend move, at lease on the...
On Friday the Aussie formed a bearish engulfing bar on the daily chart, it broke and closed below the resistance level at .788 and has clearly broke out of the ascending wedge. In the short term we should see lows of .76000 with the possibility of .7200 in the near future. See below for daily chart.
Did this in a rush. Plz check the fib levels for correctness. Possible AB CD move will take this to .. 382 level. Trade is on.. so..just waiting for market to ..give me a result soon. Will probably be linked with US news ( hopefully soon) Also see..ref. chart !
AUDCAD is setting it self up to be the champ in patters these past weeks, we are now coming up on a Bear Gartley on the 1h. Stops at = 0.8047 Target 1 = 0.7944 Target 2 = 0.7911 RTR is about 1/1 on target 1, better is you are shooting for 2 targets. Myself with others are building a brand new Forex Community www.forexviewers.com A great way for you guys to get...
The Aussie has broken various resistance levels this week as R1 for April at 0.7840, the MM 100 at .7885 and topside line for the last up prices. it´s starting a pullback movement that likely go to levels previously broken.
Risk reward ratio is about 3.9 to 1. Both 89 & 144 EMA lie within sell zone. With USD news coming out today, price could reach our entry zone very shortly. Aussie leadership would like price at least .7500 handle to promote exports.
Expect Long term Channel can Provide Support. But Long term Channel Break will Provide a High Probability Trade. But Continuing Shorts until Such time.
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...
BASIS FOR SHORTING THIS TRADE PIN BAR FORMED AT 0.7700 RESISTANCE D1 20SMA AND 50SMA H4 200SMA 50% FIB PRICE HAS FAILED TO CLOSE ABOVE 0.7700 3 TIMES ON THE D1 SLIGHT BEARISH DIVERGENCE ON THE H4 HOWEVER, THE ONLY OFF THING ABOUT THIS TRADE IS THAT THE RISK REWARD CURRENTLY IS NOT FAVOURABLE. THUS, I MAY KEEP MY HANDS OUT OF THIS TRADE. H4 CHART ...
AUDUSD short setup: This pair has recently sold off from the third touch of daily trend line it seems to have formed. Price has been somewhat ranging and currently seems to be forming a bearish flag/wedge like pattern. Price bounced from support and may have completed its C retracement at the 50 fib level which is confluent with the daily 200MA, however there's a...