I am no Bearish on this pair after we have broken out of the Daily channel (ascending wedge) I was previously long on this pair but that is now invalidated (closed before stop triggered)
This is a chart I made mapping out some Support/Resistance lines for HMC which is on a downward trend long-term. The Old Support / New Resistance candles, as well as Old Resistance / New Support candles, are all marked and match with a connection line displaying the correlation. There are 23"soon-to-be" bearish old support candles which I think will have bullish...
EURO is set Bullish ,Positions are still holded and US economic and political sensetivity really stayed investors from USD so we are enjoying GBP EUR. Euro is set second Bullish asset globally ,Improvemnets in growth and decreasing unemplyment with stable Business enviroment helping euro to stay Bullish vs USD I am targetting EUR USD for 400 pips of Traget with...
Dollar Index: DXY Dollar is making a double bottom at 96.80. Close down all dollar shorts and only go short again on a break below 96.75 for next part of fall back to 95.10.
Technically speaking Found resistance at 1.44 My first target on the downside is 1.41. I am holding a long EUR/JPY position and have around 200 pips locked in. So this EUR/CAD short is a hedge(somewhat) against my long but I didn't take the trade for that reason. If you like newsletters, trade ideas, and good investing stories, sign up below for my...
looking for short entries but for now we have to wait for a push even higher since the price is around the critical zone which means anywhere in this zone we might see a reversal. Have to be looking for structure and candle confirmation before entering any shorts at this moment. IF we manage to enter shorts here my first TP will be on or below my 0.618 extension...
We have received the impulse that has confirmed more downside for this pair. Now price is starting to form a corrective pattern. It is best to look for short after the corrective pattern is completed. Good luck everyone
Hey everyone. The pattern we were expecting to see on AUDUSD has changed and we no longer will consider it. So, we will watch for price to reach the top trendline and see how it reacts. MACD is showing divergence which signals reversals. Good luck and safe trading everyone.
Here we have a very clear pattern setup. This will be a great opportunity to enter short on this pair. Good luck and safe trading.
AUDNZD has risen to the top of our pattern trendline and is almost ready for a sell. Watch for the break of the ascending channel to take positions
I think the daily trend will change thanks to the Dollar strenght and because we are on an importante support level.
Currently I am waiting for price to reach the upper trendline. When price reaches there watch for a clear sign of reversal. Expect an impulse. Catch the wave and ride it. Cheers and good luck fellow traders
In the previous week, price did not break down as expected. So now I am aiming towards price testing the previous high from the last year. Watch for the 87.50 level as a reversal zone. Good luck and safe trading everyone
AUDCAD has had an impulse to the upside, so what I am looking for here is a corrective structure to form. If the top trendline is broken then this idea is invalidated. Good luck fellow traders
Price is most likely going to correct to the top of our channel, once it does I will look for price to show a clear sign of reversal before placing a trade.
I am expecting this pair to drop soon so watch for the breakout of the corrective structure. Good luck and happy trading everyone
Hey fellow traders. Here on AUDCHF we have an almost complete 5 waves up. You should wait for the completion of our 5 wave structure before taking any shorts to the downside. I anticipate two targets. Good luck to all.