AUDUSD is back at 0.66800 support zone and is showing signs of buyers at this level once more.
I am looking for a potential bounce of this zone now and price to make its way back up from here now.
Dependant on price closing above the support zone on the daily timeframe but I feel there is a lot fo upside potential for this pair.
Gold recently broke a nice bullish trendline on the 4hr timeframe that had previously support price for around 3 weeks. Since then new lower lows have been made and price has pulled back.
At the current price around $1570 there is a nice intraday support/resistance zone and the 0.50 fibonacci retracement level.
Price is showing signs of rejecting this price...
Price is making higher highs and higher lows on the lower 15 min timeframe.
I'm looking to scalp a quick day trade on this new higher low that forming. Targeting the daily r1 level.
Nice 15min wick rejection candles around the 50 EMA right now and bullish TL
The GBPUSD wedge was finally broken last week and price made a new higher high on the 4hr chart.
Price is now back down and retesting the upper wedge trendline and 0.786 fib retracement level.
This is a good chance to buy in on the new bullish trend that might become apparent over the next few days and weeks.
Nice higher timeframe bearish trendline short opportunity on USDCAD.
Bearish daily trendline and fib 0.786 combo. Looking to trade this pair down to the previous support at 1.29500 and potentially new lower lows at 1.28500 if the support breaks.
Stop loss 40 pips above the current level and TL.
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US Crude has now reached the $52 support zone once again. This has been huge sell off in a fairly short amount of time with Crude dropping over 20% in less than a month.
A long position at this support zone could prove profitable if price holds up and begins to regroup.
I am looking at the potential for a long term buy & hold on GBPUSD.
There is a nice daily wedge pattern forming with price being supported by a lower bullish trendline and the daily 50EMA.
Multiple daily wick rejections are forming at this current zone and I think we could see a push upwards and break of the upper wedge trendline.
Risky entry = buy now and...
Nice short set up on Gold. Price has found 4hr resistance at this level which aligns with a previous intraday resistance.
15minute timeframe showing signs of weakness and I am looking for price to drop from here down to the bullish 4hr trendline that I was trading last week.
Stops above the current highs and target profit at $1562 or the trendline, which ever...
Simple short trade set up on USDCAD.
Nice 4hr rejection of the daily 0.618 fib level. Price is rejecting it and has the potential to make a daily lower high here before heading back down to previous support at 1.29500
Risk trade - Short here at the 0.618 (1.31800) and hope for the 1hr trend and 50EMA to break.
Easier Trade - Wait for a 1hr lower high to be made...
I am now short EURAUD from 1.62500
Looking to trade this down to daily support at 1.59800/1.60
Bearish top trendline nearly rejected, got my stop loss placed above to keep it safe. Nice key level resistance zone at 1.62500 which should hold strong and see price reverse.
Fundamentally, I am looking for Euro weakness going in to the future as Brexit occurs this...
I am looking to buy in on this recent sell off on the Dow index.
Nice sell off happening with price making its way down to the bullish trendline shown on the chart. Price Is making daily higher highs and higher lows most months so I am looking to see rejections of the bullish trendline to go long.
Also in that area there is the 0.618 Fibonacci Retracement level...
Nice bullish weekly trendline buy opportunity on AUDUSD.
Weekly TL, higher low, stop loss below fib 0.786
Looking to see price climb up to new higher highs at 0.71100 which is where the fib -0.27 extension level is.
Nice rejections of the $58 support zone and daily bullish trendline.
This trendline has provided many buying opportunities recently and it looks to still be holding strong. I am looking to trade crude oil up to $65 resistance if momentum can take it there.
Possibility for higher prices.
I am looking to long AUDUSD if a few criteria rules are met.
A break of the bearish trendline and a higher low forming would be a nice entry. Price has bounced off the 0.68500 support zone once again and I think the 1hr bearish trend could reverse now.
Look for price to break and retest the trendline and 1hr 50EMA.
USD weakness going in to the rest of the...
USDCAD is still finding nice price resistance at this 1.30680 zone.
Multiple rejection candles are forming, the daily trend is still bearish and I think we could see a new bearish leg. I have an initial profit target of 1.29520 in mind.
If this level breaks then new lower lows at 1.29 are possible.
Long trade entry on US Crude oil. The gap up over the weekend has been filled, daily pivot level is acting as support and the 1hr trend looks nice and bullish with higher highs and higher lows.
I am trading this one up to $62.50 where I will take profits and potentially look to short US crude down to new 4hr/daily lower lows.
Looking to short GBPAUD now after the nice 1hr rejections forming at 1.89 level.
4hr 50ema and multiple fib levels to act as resistance.
Nice sell off last week and after this early consolidation I am predicting price to sell off once again. Aiming for the support zone at 1.86750 for my first profit target which would be a 1hr lower low on this trend.
1hr counter trendline broken and retested. 1hr lower highs and rejection of 50EMA
Daily/4hr trend is bearish. price is rejection 1.30500 previous support now resistance.
TP1 = 1.29520 support
TP2 = 1.29200 new lower lows