FxGeneral876

FxGeneral876

Setup to look at for the coming trade week. Price has broken ascending trendline and now has moved back below resistance area, down from a key level of 1.43000. A retest of the resistance area would provide a good short opportunity.

FxGeneral876 Updated 

We now have a break from the ascending trendline, moving down from wave 5 to form wave A of ABC correction. Currently on wave B and now looking for another move down to complete wave C. Good Luck!

FxGeneral876 Updated 

An aggressive trade can be taken at market price with stops below triangle support or a more conservative trade can be taken at pullback after a breakout of the triangle. Good Luck!

FxGeneral876

Biased long on this pair but looks like the bears are taking control in the short term. Waiting for a break of flag back down to ascending trendline near former resistance now turned support. A pullback to trendline resistance at red area would provide a great risk-reward scenario.

FxGeneral876 Updated 

Waiting for a break and pull back for confirmation Good Luck!

FxGeneral876

Looks like another opportunity to add to AUDUSD shorts. Good Luck!

FxGeneral876

Looking for a break from flag to confirm a larger move up. Good Luck!

FxGeneral876 Updated 

A close of the current daily candle would form a bearish engulfing pattern which could indicate that the bears are taking over. Price has retraced back to .786 fib level from the move down that started back in September. The .786 fib level has provided prior resistance as indicated by purple curves and seems to be holding. A break of the .786 fib level out of the...

FxGeneral876

Info is on the chart. Already in this pair and looking to add to short positions. A 9:1 risk/reward if all goes as planned. Hopefully it gaps up some to get another entry. Look for an entry on lower timeframes! Good Luck!

FxGeneral876

Watch for break and retrace back to bottom of trendline support. Good Luck!

FxGeneral876

Two possible supply zones to look for a short opportunity. First supply zone is at the .618 fib level near the end of wave 1 and 4. Wave 1 found support at this zone and provided resistance at wave 4. The second supply zone is at the .786 fib level which provided resistance near the prior move down at wave 2.

FxGeneral876

Looking for a move up to form triple top towards the top of the upper trendline. Info on chart Good Luck!

FxGeneral876

Price is consolidating within a rectangle channel pattern and seems to be making it's next leg down to the bottom of channel support. Wait for close and confirmation on lower timeframes. Good Luck!

FxGeneral876 Updated 

Price is currently consolidating within a symmetrical triangle pattern. Look for a breakout from the triangle below .236 fib support level for a larger move down. Leg DE of ABCDE wave sequence would be completed at the .382 fib support level. Good Luck!

FxGeneral876

We had a bearish engulfing candle form on the 26th of last month which could indicate the bears have taken over. Price looks to have found resistance at top of the rising wedge, creating a quadruple hit and is currently making its way back down towards the bottom of the wedge. Looking for some consolidation near the .618 fib area before a larger move down. Good Luck!

FxGeneral876

Price seems to have bounced from prior resistance level near psychological price level of 1.27000, completing wave 5 and is currently forming wave A of ABC correction. Looking for wave A to complete, breaking out from the trendline, to confirm the move down. A bounce off of the trendline near .236 fib support level would indicate a higher move up in the short...

FxGeneral876

The upper end of the larger channel pattern seems to have provided some resistance and price is currently moving back to the lower end of the channel, breaking out of the ascending wedge. Looking for price to consolidate under ascending wedge before the move down to .236 fib support level, near the lower end of the larger channel pattern. Look fro break of purple...

FxGeneral876 Updated 

Price retraced back to prior resistance and now is in the sell zone, indicated by red highlighted area. Waiting for completion of double top, which would be completed at .236 fib support level. Break above critical level would indicate a higher move up. Sell order was already in for this trade near sell zone, just didn't get a chance to post this at the moment. Good Luck!