Learn 2 trade like a pro boafx.com - This is an advance warning to look out for a candle stick reversal pattern at this current price. The RBA have just kept rates on hold which has caused the AUD to strengthen but the GBP is the stronger currency at the moment and should pull back at some point. The current price is strong support so we will be looking for a...
Looks like a triangle but....currently a double top is formed c+e, so i would short it.... Short @ 2.1450 TP 1 @ 2.1330 TP 2 @ 2.1264 SL @ 2.1700
Same rationale and analysis as the AUDUSD trade i posted up which is attached in the related ideas section. AUD is showing weakness across all pairs on the bigger timeframes and I'm playing that out on the hourly chart. Expected target is around 2.1520 testing the high it made last week.
Just entered long on this pair more because of the Aussie weaknes then sterling strength even though sterling is showing strength across the board. The uptrend and the bullish momentum is very clear both in terms of the intraday levels and on the bigger timeframes. Expecting that to continue, I'm playing it out on the hourly Expected Target is around 2.1715
Houston we have a triple top :p...Tip==Short this baby @ 76.4 Fib Ratio Pending Short @ 2.1265 TP @ 2.1100 SL @ 2.1500
Sell @ 2.1100 sl @ 2.1600 TP 1 @ 2.0900 TP 2 @ 2.0810
I expect prices to rebound from the 2.10813 area and to retreat to the 23.6 fib level, a 23.6 retracement can be validated even if we are in a uptrend move. Note! we enter only if we see a bearish formation pattern formed.
Pure technical play. You see a very clear uptrend on the daily charts yet price has stalled and started to floating in a range on a intraday basis. Im expecting this range to hold until price tests the high that is highlighted by the red box. Expected Price target 2.0930
Another Technical play in conjunction of Janet Yellen currently speaking about interest rates. It was a quick move as I write this b/c of Yellen and this is another pure technical based play. Anticipating upward momentum with a target of around 2.1180
Earlier during AUD Employment Change + Chinese data Price formed a double top pattern, now, currently according to the elliot waves, i think price is formed a pattern known as flat pattern, which means price can rise again for the 5th wave completion Targeting the 2.0900 level again :)... Buy @ 2.0600 SL @ 2.0400 TP @ 2.0900
Although the MPC will probably keep rates the same for a longer period the lead up to the QIR should give speculation that the UK will soon see an increase in inflation. The latest jump in Unemployment in AUD back to 6.2% should keep the pressure on the AUD. A nice area on support has started to form above the previous resistance of 19460 and we should see a...
Huge low test to Finnish the week last week at 1.9. also rejecting the upward trendline from the swing lows dating back from sep 2014. Will be monitoring and managing this trade from the daily and looking at 2.0 as initial target.
Pound has been in a strong up move against AUD and is likely to rally up to 1.618% extension after we break through the previous high of 1.93033. The market is likely to encounter little to no resistance after 1.9033, good place to buy for those conservative traders as a surge to the next support level of 2.0200 which comes in at exactly 1.1618% extension is in...
Price currently on 61% in confluence with the 3rd trendline test on the weekly/daily Bullish Engulfing on the 4HR Inverse head and shoulder with ABCD in play Targeting 3 length breakouts measured by the head to neckline of the crown patern Target 1 fib D extension, -1.27% .... Target 2 -1.618% Target 3 supply zone / 3rd range break to the upside
As a 95% purely technical analyst, a strong belief of 'proper technicals paint a vivid picture in the FX market' is one that has been integrated over the time of extensive self studies in order to perfect and predict the next market movement.. Another strong market philosophy is the implementation of multiple confluences (mainly target confluences). By utilising...