Keep looking @ 0.98200-0.98000 for buy limit
Hi all! I guess, we are in the last 5th wave down of C of (B) before huge growth. 0.60 is the triple support level where we should watch carefully. Intelligent trades!
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...
This is a 0.5% risk trade I am currently in. the downward move looks impulsive to the downside and I guess there is still high probability to continue going down. And from looking at AUDUSD (still to go down) and NZDUSD (going up and currently finishing wave 2 down) this trade seems ideal :) another "conservative"short entry could be entered after the price...
AUDUSD on a daily chart, closed with a doji and it's on the strong support level, breaking of 0.784th level will go long all the way to 0.0804
Confluence Factors: 1. Double Top on Daily 2. Close below 50/60 EMA on Daily following a long-legged doji on 3/24/2015 via Daily Chart 3. Rejection of Key Weekly/Daily Resistance at .79000 4. Head & Shoulders Pattern on Hourly Chart 5. Trade is in agreement with overall Monthly/Weekly Bearish Trend
I'M ALREADY IN A SHORT POSITION BUT IF PRICE RETRACES UP TO MY SELL ZONE I WILL LOOK AT PRICE ACTION TO ADD IN ANOTHER POSITION AND TARGET 0.75000. I STRONGLY BELIEVE WE CAN GET TO THERE IN THE SHORT TERM BECAUSE THE LABOUR MARKET IN THE U.S KEEPS COMING OUT GOOD WHICH WILL HAVE INVESTORS/TRADERS SPECULATING A RATE HIKE AS EARLY AS JULY. ON TOP OF THAT AUD...
A lot of news coming out this week for both CAD and AUD but on the technical side of things what I see is a bullish flag pattern forming within the C to D leg of a potential bearish bat pattern. I don't trade flags the same way i trade advanced patterns but I do like when they come back into previous structure as in this case so it's something I will certainly be...
CCI - Drifting from overbought back into the channel indicating reduced upward momentum. MACD - Look at the MACD crossover from relatively high level. A very powerful signal on a daily chart. DeMarker - Moving from overbought falling firmly into the channel. RSI - Bearish divergence. Linear Regression - Bouncing off the top of the channel. Also powerful...
It's a pretty risk trade, and I'm only taking it because I made a mistake opening a position short on this pair friday. If it breaks upside, it'll simply continue the trend, drop the position and take the loses. Otherwise, if it breaks below because of a gap or something, accept profit and get out too, because it could be a bounce confirmation. Anyway, good luck all.
This particular currency pair representing the two neighbouring economies with some similarities yet different dynamics in which one has larger dependence on mining resource and the other on dairy produce has been in very large sideways move in almost unrecognisable swings and patterns. This is so until you zoom out using larger time frame and look back with...
Short Trade....Triple Top? I think it may be a bit late to do this however I have been thinking about shorting the AUDUSD all morning. I think that it is still a good short and you can still make a further 40-50 pips. I would looking to get in at around 0.87900 (if it comes back). If it doesn't then afraid this position may be too late. As I wrote this...
We have a false break of the inside bar candlestick pattern on AUD/USD. First, the price broke below the low of the inside bar candlestick pattern but then moved back up and closed within the inside bar candlestick pattern which traps the sellers who sold at the break of the inside bar candlestick pattern. Note that the Stochastic and Commodity Channel Index (CCI)...
A possible long opportunity is coming up for the AUD/USD. We would just need a little more movement upwards for me to jump in and say BUY with conviction. All the indicator signals are aligning to produce a message that says the market is ready to shoot up. Signals: Price bouncing off Linear regression. Price bouncing off long term support. MACD moving into...