Nice consolidation forming on USDCAD and now I think its ready to drop again.
Price has rejected the 1hr 50ema, Fib 0.382 retracement level and the bearish TL (3rd touch).
Looking for new lower lows to be made now.
Nice 1hr bearish trend forming on gold. The bullish 1hr TL and 50ema have been broken.
Price is now retesting the daily pivot level, 1hr 50ema and previous support at $1498
I am looking to short gold on these 1hr pullbacks back down to the previous lows and support at $1460
AUDNZD - Possible longing opportunity.
Last two days have tried to close below the 1.07 even handle but failed twice.
AUD seems to be gaining in strength the last few days of last week noticeably against the USD.
Once i get my signals of a long i will be opening a trade.
Any questions feel free to drop me a message or a comment and i'll be willing to offer...
Nice set up forming on USDJPY with multiple timeframes coming in to alignment.
Daily timeframe is producing a new lower high with price rejecting the fib 0,786 retracement level and a previous bullish trendline to act as resistance.
I will wait for the 4hr chart to produce a trend reversal set up before entering. I want a lower low and the bullish 4hr trendline...
I am attempting to short US Oil again but this time I have the added confluence of the CTL being broken and retested.
Another bearish wick rejection of the trendline and daily 50ema occurred yesterday swell. This gives me greater confidence.
I am still targeting $51 per barrel
This is a pre-data trade for GBPAUD.
GBP is being bid up prior to the release of UK core CPI data today. It appears buyers are assuming good news which we all know, is highly unlikely considering the state of Brexit and the economy.
The classic "BUY the rumour, SELL the news"
Targeting new lower lows on the 1hr/4hr timeframe as the trend continues.
EURAUD rejecting the resistance zone at 1.63500
2 nice daily wick rejection candles and it appears the 4hr bullish trendline has now been broken. I am aiming for 1.60 before waiting to see if price breaks through the daily trendline marked on the chart.
Stop loss placed above the wicks to avoid any SL hunting and further tests of resistance.
Here is my 3rd scale in entry order set for the FTSE 100 index.
- Lower Highs & Lower Lows
- Fib 0.618
- Bearish TL
- 4hr 50EMA as resistance
- 7250 nice psych number
Aiming for 7000.00 level to be hit next.
ANOTHER TRADE WITH MULTIPLE TIMEFRAME CONFLUENCE!! (VERY SIMILAR TO THE NZD PAIR) #TOPDOWNANALYSIS
The weekly timeframe indicates a downtrend. Anticipation of a further Bearish Indication could also enable a long-term SELL opportunity.
•1W - Current Market has reached the top of the weekly Trendline . The closed candle demonstrated suggests that a rejection...