If the price breaks 130.00 and trendline, then wait for the pullback back to 130.00
AUDNZD has been shaping up an Inverse Head and Shoulders patter on the Weekly chart. The pattern is not yet complete but we still have potential LONG opportunity ahead. Price has broken structure resistance of 1.0880 and looks like it may be making an attempt to retest as support. If that happens, this could leave a nice Price Action signal for Buyers.
Waiting for the 4 hour candle to close in about 15 minutes. If the candle closes above this resistance, I will be keeping my eyes on this for a possible retracement to the 1.4565 low of 2015 where potential Sellers may find their suitable price. Trade idea: waiting for price to break above the structure level, then a retest to confirm price is ready to rally.
EURUSD has carved out a nice Wedge pattern for us on the 4-hour. It looks a bit more defined on the Daily as well. Before the weekend, price showed it's hesitance to break further down at the bottom of the Wedge and at structure support - 1.08300 Trade Idea(s): If price breaks below the Wedge and 1.0830 support, I will wait for a retracement before entering a...
AUDCHF has been forming a nice wedge pattern on the Weekly. I know that a break of this wedge may not materialize for a couple weeks, but who knows - if it breaks, however, we will be ready. The measured objective may be off by some pips, so please make your own measurements and take your trades based off of your own strategy. Trade idea - waiting for possible...
On the 4-hour chart for EURAUD, price has recently started to chisel out a nice Head and Shoulders pattern. If price continues this way, a break and close below 1.5340 would confirm this move and would expose the 1.50 handle for a possible target. Trade idea - Wait for a close below 1.5340 and then a confluent confirmation to entire a SELL trade. Watch for...
Hello Traders! Sell Limit - 1.44049, S/L - 1.46000, T/P - 1.44000 Best regards, Powerful Traders!
EURUSD made a sharp drop after breaking the messy wedge pattern to the downside recently. After which price did a whipsaw and turned back up making a large Bullish Pin Bar. The next Daily candlestick broke low again through the 1.083 Support structure, this time officially closing and exposing the 1.072 as our next Support area and placing the 1.083 as...
Hello Traders! 2-nd variant! Dear Trader Johnm600, you we're right! Aussie is in the 3-d wave! Local target - 0.60000 Wait next variant >>>
The weekly channel that the AUDUSD is in is still holding strong and may hold strong for weeks and months to come. AUDUSD has been climbing upwards recently before ever breaking below or even touching the 0.6800 handle. Because of this, I will be watching for two possible outcomes. 1.) Price reaches the upper edge of the channel and gives a SELL signal - I will...
The EURJPY recently broke the Wedge pattern on the 4-hour exposing a potential target of 126.10. Looking for opportunity to short.
EWA/EWP & VOLUME analysis! FLAT &SHORT!
Since January 2015 the EURCHF has been in a somewhat dormant bullish trend, with some dips and sideways movement, however there hasn't really been a sign of a definitive trend. We had some potential signs of a bullish trend in July 2015 with a breakout of the range (highlighted by the rectangle to the left. We had a re-test of the range and then a further move...
While I do expect a short rally from this 1.4225 point, I don't expect it to last long. Likely, price will eventually fall below this support and create resistance for SELLERS to come in and continue their journey downward. Right now I am on the sidelines waiting for price to break below this 1.4225 and I will likely be looking for either a retrace to that...
Price for USDCHF has recently broken out of the 10-Month wedge pattern it was in and made a steady increase afterwards. Price then retraced back to key structure levels at 0.979. Price is expected to break the 1.007 and very possibly the 1.02 and even eventually reach a measured goal of 1.173. The reason I say this is because of the height of the wedge pattern....
Price was largely ranged for the GBPUSD-1.09% for the better part of 2015. Then when price broke the ascending channel it was in, price took a huge drop shortly after retracing back up to the bottom of the channel. Price then broke through the 1.4565 handle (Support) low of 2015 and exposed the 1.4225 low of 2010. Price is now just a few pips away from breaking...