Wait for break and close of resistance line before entering the market. We are targeting the 4H Resistance Zone up ahead.
Let's see how gold plays out here' I have my support on gold and resistance on the 15 min chart, from my perspective gold seems to respect the trendline towards a bullish run, next zone target is around the 1208-09 Only risking 7-8 pips.. I've got a nice risk and reward ratio
AUDUSD 1h Analysis - If price breaks 0.75425 then I expect it to fall towards the target of 0.74496. Currently working on keeping my charts as clean as possible, focusing on structure, trend and being aware of support and resistance levels.
We have created a decent morning star formation on the monthly tf. If we zoom down to the weekly tf we can see that last weeks candle close was a spinning top showing indecision. Stepping down lower to the daily we see a change in trend where a HH was created. A simple entry would be to wait for a h4 counter trend line break.
Last months close was a faultless pin-bar candle close which shows a lot of significance. A neat formation of higher highs and higher lows on the weekly. Zooming into the daily we see a nice rejection off of the 61.8 fib. The H4 time-frame presents us a break of a ctl which has actually created a HH if you look carefully. As of now on the H4 we are in a descending...
I've given out some analysis on the AUD before, explaining how the AUD is really strong and the banks are very happy at where it's currently stationed with supply & demand zones all across the price levels 0.70-0.80 within AUD/USD - Right now AUD/USD is at a significant event area, it seems to be following the drop and reverse ratio perfectly. The price is...
Keep Your charts clean and simple, breakout of descending trendline, price came back to retest and formed an indecision candle at 32% retracement
SIGNS ARE THERE THAT DXY WILL BREAK THIS SUPPORT ESPECIALLY WITH THE GAP OF 14 NOV 2016 THAT HAS TO BE FILLED
DXY HITTING CTRITICAL RESISTANCE AND RSI APPROACHING OVER-BOUGHT
Looking for a quick play during London open and a re-test of the lows in this corrective structure. Not shooting for any extended targets though since we are at a solid support level and have not had a healthy retracement on the 4 hour chart yet. Once we have that I think we will break through 1,7050 and see lower prices, down towards 1,6950 initially.
The GBP/AUD has been in a bear trend since the end of August last year. Just recently the bears were able to pull price underneath the even handle 1.90000 and keeping in there for 2 weeks now. The next weekly support came in at around 1.87000 and for now it has absorbed the selling and rejected lower prices. But as long as we do not get a close above 1.91000 I...
My thoughts for this trade This Pair is looking very bullish at the moment. -A couple of Long term (Weekly) Fibonacci -Monthly, Weekly and Daily MA's bullish (My MA's of course) -Daily Break retest and continuation of 1.5000 Monthly Res level. Price ready for entry with liberal stop. I Will see how market opens and potentially wait for price to enter a better...
Price broke the desc. TL Made a 3rd bounce from the asc. TL Bounced off of Major resistance (Which is also the bottom of the weekly consolidation range price is now in) 2 Targets. 1 at top of range and one at next key res.
Cable has been in a upward rally since my last post on this pair, as I did at the time show why that might occur. After creating a higher high for the pair, I am expecting to see a new higher low. This low is where I would look for possible LONG moves if price action does in fact establish it as a new higher low. The highlighted area is where I will be looking...
This pair has been in a strong bullish uptrend since mid- April, which incidentally is the first point of the bullish trendline. Since breaking the triangle formation in may, price has shot up, breaking the previous highs of ~189.654. This pair is all bullish and expected to rise further, however currently I am waiting for price to retest the previous highs of...