As we can see, a local channel has been formed within the global one.
The fight at the strong level 1.21779 continues to exist.
Yesterday's short forecast would have been relevant for today, if the instrument had gone below 1.210,
but this did not happen, we just pushed off again from the formed support and returned to the long zone beyond the level of 1.21779.
AUDUSD is bullish right now and I think the market conditions are right
for the move up
Therefore, i think it is sensible to go long
Like and subscribe and comment my ideas if you like them!
The currency pair was unable to gain a foothold above the resistance,
the weekly consolidation did not give its movement along the trend,
did not reach the peak of 1.234, perhaps this is just a "market maker's scam".
The channel is ascending, the trend is growing, the pair is now only correcting to the lower border of the price channel to...
The growing trend within the growing channel remains relevant.
We have clear boundaries of the price channel , the instrument respects them.
At the moment, there is a small correction from 1.2218 to the upward support, which intersects at 1.2177 with strong historical support.
I expect the instrument to consolidate at the support level at about 1.2177 with further...
Approaching our 1.42 whole number resistance price again, offering just in excess or 3.2R from resistance down to support, covering the majority of left side wicks.
Daily/H4 resistance, 1.42 whole number, breakout/yearly highs. Multiple confluences on this trading zone that have failed to see a sustained break above.
DXY moving sideways on support....
Gold corrected to strong support at the 1896.5 retest.
We see something like a price channel within a price channel , the range has narrowed.
The uptrend, the key mark in 1958.5 was not reached,
I think that there will be either a false breakdown of the upward support or consolidation with further growth to the upper border of the...
We were following this on Friday and saw a solid bounce from support initially for it to then reverse.
Another opportunity may be presenting here from support once again, CAD strength in line with WTI demand. Hopefully expires soon, as this would be a nice setup to see unfold.
After a deep false breakout, gold begins to correct, possibly directed towards a strong upward support level . The instrument is in a growing channel, I think that a false breakout will not give a large reaction in such a trend, there is a need to update the local high 1912.0 before larger targets 1960.0
Share your opinion in the comments and...
1.40 support incoming, looking to either set a pending order on this price level or an alert to make sure this move isn't missed, perfect corrections, shame we closed out yesterdays short at 200 to try and get a better entry!
Win some, miss some, lose some. Part of the game, 1.40 support will be a great buy entry for us I feel.
We have almost realised the full move from support to resistance here, relatively bullish for the whole stint. Pretty much all swallowed up during the eastern session.
Certainly a region we could anticipate a relief rally and another S/R wave back down from 1.68 to 1.66800.
Expect continued growth in gold today as dollar continues to weaken after shocking NFP outcome. Simple entry of zone of short term support. have placed buy limits a bit lower than zone to anticipate a stop sweep. nice risk:reward. 300 pip potential
Seeing a break of 1.20 support here on fiber, big support price zone to break. This gives me a little subtle confidence with regards to the GU short I've taken, hopefully we see cable follow similar suit.
Lots of good return setups here all pretty much in excess of 4R which is brilliant.
Similar structure here on EURAUD as we have just shown on EURJPY just using an additional trading zone.
Resistance, interims S/R and also support. We trade from one zone to the other, if we break a zone, we anticipate the following zone as a new target.
Good to see these zones are being carried forward from last week, just looking for double tops,...
Little bit dangerous here as it looks like we have marginally cracked beneath support and we are trading sub 0.90.
However, we are still evidently up-trending, fib pullbacks tie in nicely with our 618 support zone. And no doubt looking to the left we still have an element of support. Currently jumped in this with a small 0.3% risk, 1:5R.
Sold off perfectly from our 1.40 handle, real sticking point resistance price. Sold off with ease down to 1.39, 100 pips without a H4 pullback. Now starting to see a bit of a correction.
Need to break 1.39 support and then we could set our eyes on potential moves down to 1.38.
We don't really have too much in terms of confluences here, simply just an intact H4 support zone, like we mentioned NZD and AUD are on fire at the moment.
We really need to see some solid H4 reversal signals or a lower timeframe structure break and retest.
If we can't see anything for a buy opportunity, happy to sit on the side to see if support...
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions...