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
Currently wave: Wave 4 retracement (Expanded Flat) Next wave: Completion of wave 4 at either 50% or 618% retracement - Also gap to be closed around 1.08426 as marked. Forecast wave: Wave 5 short to potentially make a new 12 year low at 1.0460
hello traders now we have on the radar a gartley pattern formation as per the ratios showing now going short happy hunting
GOLD bearish momentum continues and i am looking to add further shorts on the next pullback or on confirmation of another bearish flag below 1200. Since bouncing off the 61.8% retracement level of the Sept/Oct range, the Oct lows have been taken out, we had a nice and neat bearish flag which presented another entry opportunity.
TP1 was 114.410 TP2 113.520 sorry for the late post. :P
AUDUSD is spotted on 4 time frames. Importantly the big bearish pressure comes from the weekly. 1. There is some slight weakening of the bullish rebellion on the weekly and daily. 2. With the big wave of bear pressure visible on the weekly, I estimate a 51% probability to the down side on the daily. 3. The bulls may not be allowed much more wriggle-room on 4...