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.
Im already short on this, however, as seen on the chart I believe the outlook is still short. Only longs would be analysed on the break above the trend line. Our longer term target would be 0.7000-06900. However, as you could see we have multi trade setups. They are just their to remind me of potential entries (adding on to my trades). Once each target has been...
The structure is pretty self-explanatory, wait for the breakout to sell, the price is most likely going to touch the past trendline (It can be seen in the daily chart) please apply your own strategy for breakouts.
The pound has a little further to climb versus the dollar. This week ahead will be all about correcting the dollars price from most recent FOMC before continuing its ascent into greater bullish zones. With most recent fundamentals strengthening the Dollar, we have to look at our other pairs and take advantage of the confluences and circumstance. BUY @ 1.2472 STOP...
Confluences with strong probability, Technical & Fundamental. INSTAGRAM - @WeeklyForex
This is just monthly chart relevant to my previous post
hello traders on the raddar now a lovely bat pattern formation we are going short on the next candle