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...
Here we got a simple trend contuation trade with a Bat pattern. Right now price is going sideways so take care and if price goes below A then the trade is invalid, still waiting for RSI to come up a bit to oversold condition too. Kind regards Thomas Voss
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.
WE HAVE ESTABLISHED A SMALL SHORT POSITION IN THIS PAIR FROM LAST WEEK. FROM THE 30MINS STRUCTURE 0.8062. THE PAIR HAS BEEN GRINDING LOWER GRADUALLY AND WE EXPECT MORE DOWNSIDE. THE STRUCTURE (0.7936) IS WHAT WE WANT TO LOOK AT. BELOW HERE WE REMAIN SHORT, ANY TRADE ABOVE HERE WE WILL CLOSE OUR SHORT AND LOOK FOR BUYING OPPORTUNITY. * SHORT BELOW 0.7936 * STOP...
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...
WILL BE LOOKING TO GO LONG ON $AUDUSD AFTER THE CONFIRMED BUYSIGNAL VIA THE ICHIMOKU SYSTEM, OVERALL $AUDUSD HAS BEEN TRADING IN A SIDEWAYS CHANNEL THAT HAS YET TO BE BROKEN ON EITHER SIDE (TOP/BOTTOM) WILL THE BREAK HAPPEN SOON? WE WILL SEE.. WILL GO LONG AFTER I GET CONFIRMATION THAT THE CLOUD WILL HOLD AS SUPPORT.
AUDUSD Short- Recent range shows downward momentum with a near term target that will attract price like a magnet. That level is .078200
I'm looking at an opportunity to short the AUD here. the pair has been quite resilient lately on the back of what I consider to be broad USD weakness. At the time of writing, AUD had just stood tall through the news of a rate cut and some weaker than expected employment figures. Technically speaking, We have seen a move lower to what looks like a potential...
After first cycle, correction abc.
IN THIS CASE I´LL WAIT FOR A CONFIRMATION. I SET A BUY STOP ORDER AT NECKLINE IN 0.7862
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.
This trade is based upon fundamental and technical analysis. Commodity pricing is in depression and RBA governor is bearish about AUD
Possible medium term short - AUDUSD Pending trade setup.
Bearish Bat IF bat pattern completes THEN I will I will look for RSI confirmation IF I get RSI confirmation THEN I will look for candlestick confirmation IF I get candlestick confirmation THEN I will enter the trade short @ market
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.