EurAud has been in this clean short term down trend. We have just managed to break the structure level to the left but instantly at other support just below. However based on the trend and strength of the moves then I think a retest is likely. You would want to be wary of the divergence on the RSI though.
NzdUsd putting in a nice head and shoulders pattern with divergence and confirmation on the RSI on the 60. We have also recently broken a level on the daily and even though in overall consolidation now we can take this as a shorter term on the pullback or break.
On the technical's this looks like a perfect setup for me. However Bearish JPY in the past hour or so means we could get stopped out rather quickly. So on to my setup!
We have Bearish three point moves on the 1D, 4H and 1H.
Price has recently pulled in to my last chance entry zone on the 4H and provided us with a lovely Double Top entry to get...
FX:NZDUSD Short based off previous structure and potential pullback.
Looking for price to pull back in to my zone drawn. Then after some bearish price action will look to enter next bar short.
Risk would be ATR based, reward at previous structure.
A one hour double top has formed that fits into my structure rules and pattern rules. my entry reasons occurred during the night but price is currently at a better entry so this trade is active. A nice risk to reward on this trade with more than 60% chance of being a winning trade. feel free to comment your opinions or questions and happy trading:)
long time no see. Here i am with a new simple analysis: as you can see there's a Gartley pattern on the hourly timeframe of this chart (CADCHF), and i've already entered the market long. Be careful because this is a counter trend trade and it's riskier than other ones. Always put your stop loss when you're against the trend.
If you have questions/ideas,...
EU broke a huge consolidation area and that can be seen with the broken counter channel. Price is now retesting that breakout and could possibly fall further to make new LLs and LHs at 1.12000. with that being said, be careful of the potential double bottom for a new rally to the upside.
Follow risk/money management, there is plenty of time to become millionaire.
Staggeringly high uptrend in XAU/EUR in which the price may need to let off some steam and thus lose some gains, based on fib and structure TP indicts levels in which the price should be watch/positions closed.
FX street publishing an article discussing the strength of USD and correspondingly the challenge AUD will have breaking above certain levels. In my view if AUD/USD can push past the MA a long position should be taken indicated by the green line. SL and TP have been set at levels of internist to me and give a RR 2:1.