1. Stopping volume: The previous bar is a down bar closing at the lows of the bar with high volume, what this means? possible selling, but, look how the next bar respons, high spread bar, closing at or near the highs with greater volume, so, if the previous bar was a weak bar, why the market didnt go down? The next bar is a up bar with not excesive volume, so, it...
already published last week head shoulder pattern forming and now looking at 4hr chart and going short @market cause giving me same trend direction
On the AUD.USD 4H chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 0.7252 & 0.7150 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618%...
A short range setup at the .73500-.73650 zone congruent with the previous resistance zone back at 5/17. 50 EMA crossed 200 EMA and now the 100 EMA is about to do the same; indicating in a slight bullish bias towards the upper resistance zone. The EMAs should act as dynamic support to complete the range. Stop loss is set at .74000 and take profit is...
Australia is the third biggest gold-digger… we mean, gold producer in the world, sailing out about $5 billion worth of the yellow treasure every year! Gold has a positive correlation with AUD/USD. When gold goes up, AUD/USD goes up. When gold goes down, AUD/USD goes down. Historically, AUD/USD has had a whopping 80% correlation to the price of gold!
Cuurent trend - Bullish, now we may have a reversal on the cards 0.76814 resistance, price failing on multiple occasions to break above . 4hr we have an inside bar set-up, triggering more sellers into the market. But we weary of fakes the banks are watch before falling we need to shake a few traders out the trade
Hello Traders, The markets have been open for a few hours. That gave us enough time to form this bearish Wolfe Wave in GBPAUD. 5' is a potential in this Wolfe Wave. Best, Chartistry
Hi Trader, Thanks for checking out this trade idea. Appreciate the thumbs up! This is highly correlated with the GBPAUD trade I just posted. It is the exact inverse of that trade setup. See chart for entry and exit levels. If you don't have a trading plan, please get one. The biggest help to my trading was when I REMOVED ambiguity in my decision making. Good...
Love playing futures for fun! Anticipating this trend to eventually make it back to the .85+ Range. (price 4/5/16: $.75600 )
Just waiting for price to complete a Fibonacci retracement [back inside the 33%-38% Purple Zone ] before adding additional Buy positions. There is horizontal Support around 0.7360 so from there we look to hop back aboard the fast moving train and follow the "current" path of least resistance :) The next major train station is near the 0.77740 price area (the...
Well we must applaud the Aussie for showing some real strength against an overral declining Australian rate of growth, Chinese slowdown + depressed levels of commodities. However I think the spike will soon run out of steam, potential reverse from here to 0.77 and then fall back to minimum of 7.56. Possibly lower. It would be good to see some confirmation from...
Extended profit taking on Aussiedollar.. We are neutral on this pair .
WEEKLY analisys expose a very big Risk/reward oportunity, in this au$. Key level to Attackk today friday 0.76
Hello Traders, Here we have 3 Wolfe Wave's(WW) WW #1 - In the grey dotted line. This WW is near it's target at #1 Geo Off-Set Rule at point 4. The Geo Off-Set Rule here plays a role in the next 2 WW's. WW #2 - In blue dashed lines. This WW is internal to both the first and third(in purple) WW's. The Geo Off-Set Rule in the first WW act's as a point of reversal...