AUDNZD PRICE is expected to finish the bearish wave soon Positive divergence is shown on MACD and RSI on H1 Frame Resistance area is around level 1.0522 If price breaks this level, the price will confirm the start of bullish wave by crossing downtrendline and Moving Average 100 Target is around level 1.0660
GBPAUD in congestion past 15 days as a Triangle Bullish Breakout happened yesterday , need conformation to buy when it will break last peak Volume Profile show that price now on HVN (High Volume Node ) it means explosion will be soon
EURAUD bounced off down trend line at the same time rejected by important key level @ 1.6200 the same number is round number which working as a strong resistance ( very important for banks ) volume profile support the idea
GBPCAD just touch correction minor down trend RSI and MACD show sell signal Volume profile down move attitude for GBPCAD
NZDCAD had fake breakout @ 0.8409 this action happened before pair could reach very strong resistance @ 0.8429 volume profile shows how much important the resistance area MACD show sell signal
*If you like this idea, please support it with a LIKE! Thanks Details about me in my signature. EUR/AUD - SHORT Order Entry @ Market Price (approx. 1.6235) SL @ 1.64 TP1 @ 1.6000 TP2 @ 1.5800 TP2 @ 1.5650 Tp4 @ 1.5500 Many pips ahead!
AUDCAD - Overbought - Psyc Line of 0.9300 - 4H Fib - Daily Trend Line - Major Confirmation
It's finally happening. USDJPY (UJ) is going to drop into the Abyss and EURUSD (EU) will therefore rocket into the sky and perhaps beyond. See my writing style footnote below if the first line somehow bothers you. Not much time before it starts (maybe it already is) but you will have plenty of time to trade both symbols because I predict EU to start a bull run...
Possible long for a swing trade, daily fib set up with a near perfect bounce off of the .382 look to tp at the next fib structure point
Ok, I will try this 1 more time. I will look to scalp to that zone, get scalp to break even and see if it will break the high.
USDJPY about to violate the triangle upward sloping trendline below 109.50 if close below expects 108. very soon while strong Resistance at cluster of MOVING AVERAGE 200DMA & 50DMA at 111.50 best of luck......
Not a fan of cross currency pairs but GBP/JPY is one of the more popular ones and correlates well with USD/JPY. The strong uptrend where GBP was rising and JPY was falling came to an end with the confirmation of new lower highs and lower lows being created. Sterling has recently lost some of its strength after being rejected at major resistance also fundamentals...
The overbought nature of the daily RSI and the loss of the bullish momentum showed by the daily MACD suggests in the short-run a pull back to August high of 138.83 is likely. Dips below 138.83 could be bought into given the bullish 5-MA and 10-MA crossover on the weekly and the bullish weekly RSI. On the higher side, a weekly close above the falling trend line...
Simple short trade on the AUDNZD here, price has been making lower highs and lower lows on the 4H timeframe. Decide to place 2 limit orders on the 0.618 and 0.786 RETRACEMENT OF XA. Identified possible areas of reversal as my profit targets. Shooting for extended targets.
Identified 2 Advanced patterns on the NZDCHF. Purple Triangles represent a BEARISH BUTTERFLY(Completed) Blue Triangles represent a BULLISH CYPHER Clearly we are now stuck at an impasse, to go LONG or SHORT, that is the question. Taking a step back to the 1D time frame, we can see that price has moved in a pennant formation ( grey lines) While it is not within...
POSSIBLE BEARSISH A SHARK FORMATION. D POINT TOUCHING THE PREVIOUS STRONG RESISTANCE. TP2- PREVIOUS SUPPORTS