As you can see in the chart : The best scenario for me is waiting the currency will fail to move higher and that is when i look for short . Best of luck :-)
support and resistance to watch for AUDJPY . I will alwayes look for a false break up/down - usually with the bigger trend to trade the pivots, unless some unsual move/pattern will show up. Best of luck :-)
The economic data have not well illustrated the Swiss franc at the moment, but the following days will be right for this pair. Hoping.
Hey traders, we have a potential bearish breakout toward the completion of a Gartley pattern. Also keep an eye out for a breakout rally, so only enter when there are clearly more sellers than buyers. If the Gartley pattern completes, I will be looking for long positions toward the top of the descending wedge. Happy trading!
Hey traders! Oil has entered the next watch level after an extended corrective bull wave. An alternate bat is complete at the 1.13 projection of the (W)/(X) wave. I expect some resistance at these levels. The short target is our unhit pivots. I expect further drop twoard low 40's after that to complete (Z). More updates as the tide rolls. Happy trading!
Hey Traders! Keep an eye out for the completion of this triangle and potential continuation of bearish movement on the S&P. May start looking for short opportunities if we see a bearish impulse after wave-E of the triangle completes. Updates to come as the tide rolls. Happy trading!
Hey traders! Looking to buy the terminus of wave-((b)) if the opportunity presents itself around the target of the triangle thrust coming off of last week's indecision. From there, I'll be looking for the completion of a potential gartley pattern to sell with a conservative target. Updates to come as the tide rolls.
Hey Traders! There is a lot of uncertainty with this pair, as three different scenarios are possible. We have a potential triangle complete from last week which could mark the completion of wave-((B)) and a fast drop ensues before a rally into completion of wave-(z) on the supercycle degree. If we see a rally, this will likely confirm an ((A)) count on the five...
Shall assume the possibility of CD leg is there. In the middle of leg right now, shall stay on Long for time being until market tell me otherwise
While my position is still open, revisiting the big picture. Would not be an easy upward path.
Really hope that this would break high
Sell, Sell, Sell 0.7400 within line of sight 0.7330 next target
Point B, probably around 1.1000. 1.1120 is key support zone, if it fails to support then 1.1000 would be in matter of a day or two
It's about 3 months plus to the end of the year. Would we see 1.0500 for FX:EURUSD soon? We are about 700pips off from this low. 1.1100 is now the key support. If broken, we are looking at point B which is around 1.1000. Then we shall see how the market consolidates to form point C and eventually a big break to go all the way to point D.
At the beginning of week, it was still a downward bias. Just hope that price does not get stuck in the current range of 1.1200 to 1.1250. i.e. a nice break above 1.1250, should help to propel EURUSD to "1.1320" or even higher. Upcoming news impact: A potential rate hike at the Sept. 20-21 Federal Open Market Committee (FOMC) meeting.
FX:AUDUSD is going into the Sell zone. Start getting into sell positions for longer term (2-10 weeks) traders.