PiPyLongstocks

PiPyLongstocks

Prices have tried a number of times to test and break the high of 1.1961 set at 11AM with a range setting up after the nice rally look for a short to test the lows before looking to get long again.

PiPyLongstocks

After a strong sell and break of the short term trend and two legs to a new swing high look for prices to fail on one more attempt to break higher and ride prices back down to the low of the major down trend channel or minor range support.

PiPyLongstocks

After making a new low and trying and failing to re test that low twice, nice long opportunity to possible ride this either back to the trend line or the top of the range.

PiPyLongstocks

After A Failed break lower and two more attempts to break through the strong support area I think price will look to test a few previous highs and pull back to test either the minor or major down trend lines.

PiPyLongstocks

Look for upward momentum to continue.

PiPyLongstocks Updated 

With this consistent Higher Highs and Lower Highs I believe the down trend is over that started back in early late October - November and lasted up until the end of December, also the length of that downtrend should give this upswing some nice juice. Not exactly 2:1 (1.73) but I think it would be best to pop a nice high probability chance and get out of any USD...

PiPyLongstocks

If the channel continues to hold backed up by the bearish sentiment from the cloud we could see a new swing low depending how things go Friday with Trump championing increased infostrucutre and cutting taxes compounded by interest rate hikes but also wanting a weaker dollar, tread lightly traders.

PiPyLongstocks

Price has been between 0.8300 - 0.9100 range since early July 2016. At the middle of the this range, I am waiting for price to break the 0.8800 level before entering long to ride this pair back to the top of the range. With bullish sentiment from the cloud and a hard Brexit looming I think these factors will give this pair the strength to break the middle...

PiPyLongstocks Updated 

Sentiment seems to be bearish on this pair possible continuation back to support area 1.4115

PiPyLongstocks

Probability of the continued down trend possible with this pair. Look for price to break the support level and continue to the support of the down channel. Bearish sentiment from the cloud and bearish movement from price I think this will be a good short trade.

PiPyLongstocks

Look for this pair to continue the uptrend out of the pullback/range area.

PiPyLongstocks

Price is still showing respect to the Support/Trend line. Price should begin its climb back to the resistance line/high. 1.3400 good first target and place to re-evaluate if the upward move will continue.

PiPyLongstocks

Cause my bearish candles are black get it?!?!?! (and yes I listened to Metallica as I wrote this) Okay back to business, I'm thinking you can go at this aggressive and buy at the mid range but for me I will be waiting for price to get back to resistance and ride the lighting back down to middle S/R or the trend line Okay no more Metallica references! Happy Trading.

PiPyLongstocks

Be on the look out for some consolidation candles around the trend line, look for price to continue down.

PiPyLongstocks

Looking like it is going to be another nice bounce off a strong trend line.

PiPyLongstocks

Possible new swing low along trend line

PiPyLongstocks Updated 

looking for this upward range to hold at support then move to make new high.

PiPyLongstocks

With Strength of AUD and continuation of this uptrend should be a high probability long.