Also take a look at my EurAud Active Trading Idea. EurUsd is looking increasingly ugly. Bears managed to decisevly break 1.1000 and this is opening big room for a move towards 1.0520, so that this Should - Head - Shoulder formation will close its body. I am currently in a Sell EurAud Position, but i would also be looking for selling opportunities in EurUsd,...
A multiweek triangle pattern formed over the last 6 months on EurAud. We have also been moving in a 500 pip range in the recent weeks 1.44-1.49. After a fail to the upside now a dynamic break to the downside occured in the recent days. The move lower was very intense and convinced me, that the bears are strong enough and willing to take the price lower from here....
You can see the initial entry at 1.0315 and i took a second position at 1.0485 after market consolidated on 4h chart i moved both stops for now to the average at 1.0395. So its a risk free trade, and i am looking for a really big move higher to the 1.1200 handle. This huge multiweek flagpattern combined with this double bottom is about to play out, now is the...
We have a huge double bottom that is even on the weekly chart visible. We can also see a beautiful shoulder head shoulder pattern on the daily chart. Wait for corrections/dips toward the broken very important neckline around 1.54/5350 for a entry with a target towards 1.60 or even more. This could become a very good trade, expect dips to be bought, and add to...
We have a beautiful ABCD multimonth flagpattern on the AudNzd Pair. I am expecting a strong bullish move towards 1.1230 in the coming weeks. After breaking 1.0310 we didnt have any kind of follow through for several days. Sellers are getting dried out, and i think bulls are showing a strong hand with three consecutive solid bull candles and moving again above...
Textbook Bear Trap in EurNzd pair. This pair rejected 1.50 very strongly, and moved up to 1.55. We are now seeing a corrective move for the first bullish leg. I am looking for continuation and a second bullish upmove. Long @ 1.5345 Stop 1.5320 Limit 1.5825 If the stop is going to be taken out, i will be looking for a second more conservative entry opportunity.
XA - is the impulsive bull wave from the low. AB=CD - Correction is coming to an end. We are seeing a multimonth Flag Pattern. I am expecting a fake breakout / bear trap to the downside, by breaking the flag to the downside, we are going to see a strong upmove in the coming days. I entered a highly speculative long position @ 1.0275 with a tight stop @ 1.0249...
We have witnessed in the recent week a beautiful and impulsive range/wedge breakout of the EurJpy. It led directly to the first downtrend line on the topside. Market rushed down in recent days back to the breakout point and stalled. I am seeing we are in for a bullish continuation of this multiweek range breakout towards the big downtrend line at around 117.10....
XA Is the initial Breakout Impuls of the multimonth Flag Pattern. ABCD We are seeing another Breakout Flag pattern above the larger one. ABCD also can be seen as a textbook Gartley pattern. Natural target would be around 1.50 level. My entries are: Buy 1.4485 Stop 1.4380 Target 1.4990 To be honest, i am liking this setup very much, and i also think the...
NzdUsd was finally able to breakout of its multiweek range phase. We saw a decisive breakout on the daily chart, followed right now with a retest of the breakout level. I like the technicals and fundamentals on this pair. I initiated a buy position @ 0,7390 looking for a move towards first target 0,7550 and second target 0,7710. Stop is placed at 0,7350. Imho...
XA Is the initial Breakout Impuls of the multimonth Flag Pattern. ABCD We are seeing another Breakout Flag pattern above the larger one. ABCD also can be seen as a textbook Gartley pattern. Natural target would be around 1.50 level. My entries are: Buy 1.4485 Stop 1.4380 Target 1.4990 To be honest, i am liking this setup very much, and i also think the...
Looking for a rapid move towards 0.7150 resistance. Price just broke this multiday trendline and is creating a flag pattern on the lower timeframes (5min, 1min). I am placing a tight 7 pip stop at 0.7105 and looking for 0.7140/50 as a target.
On this currency pair, i am currently expecting a decent push higher off the lower trend channel support towards first target at 1.35 and next 1.3675. Keep a tight stop below 1.3200 and watch 1.3500 to lock in partial profits.