UnknownUnicorn207683

UnknownUnicorn207683

Chart: Daily Chart Market: Bullish (Daily) Ranging (Weekly) Target 1.13400

UnknownUnicorn207683 Updated 

Chart: Daily Chart Market: Bullish Trend

UnknownUnicorn207683

Chart: Monthly Time Frame Market: Bullish Trend GBP/AUD is stuck in a descending channel (evident on the daily chart) but is likely to break it & resume its overall bullish trend in the coming weeks. With a inverted deliberation pattern found on the monthly chart & prices rejecting key support levels we're likely to see GBPAUD close this month with a...

UnknownUnicorn207683

Chart: Daily time frame Mode: Down trending market AUD/JPY after a long bearish run saw prices last week pull back to retest a key resistance zone around the 83.700 area. With increased volatility, we're likely to see prices this week bounce off these key levels again before resuming its bearish trend. Bearish Evidence: 1. 20 EMA Below 50 EMA 2. Daily...

UnknownUnicorn207683

Time frame: Daily Chart Mode: Daily (Ranging market), Weekly (Bear Market) AUD/USD since the new year has provided multiple opportunities to short, however if you did miss the previous run there's a high probability the pair will retest its previous structure low of 0.68366 support level (green rectangle). Bearish patterns: 1. Doji like candlestick 2....

UnknownUnicorn207683 Updated 

Chart: 1 Hour time frame Market Mode: Range-bound Not going into too much detail here; EUR/JPY may be ranging, but there's plenty of opportunities to go long on this pair. Lookout for a retest near the 127.770 area (support level - red box) and bullish candlestick patterns before prices break further to the upside.

UnknownUnicorn207683

OUTLOOK: Daily Chart AUD/JPY is posing some interesting setups. The daily chart displays a textbook rising wedge chart pattern (blue dotted lines), which AUD/JPY broke through 5 days ago. So even though the overall trend is bearish , the market is currently in 'Pull back mode' and is likely to retest the 88.400 area (Red rectangle) before continuing its...

UnknownUnicorn207683

OUTLOOK: DAILY CHART In last weeks technical analysis, I mentioned AUD/USD could present an ideal Long entry (buy opportunity) as there was a three inside up candlestick pattern forming on the weekly chart. While this candlestick pattern is now confirmed, it's hard to ignore the two bearish pin bars evident on the daily chart (highlighted blue box) which could...

UnknownUnicorn207683

OUTLOOK: WEEKLY CHART AUD/USD broke through the weekly trendline (resistance level) yesterday (daily chart) after seeing the Aussie trapped for over 15+ weeks inside of its descending channel. Forming on the weekly chart is a three inside up candlestick pattern (highlighted blue box) which if it closes above 0.71700 this week, will prove an ideal LONG entry...

UnknownUnicorn207683

OUTLOOK: EUR/CAD has been ranging for the past 2 weeks and has seen it range between 1.46200 area (low) and 1.54200 area (high). With a now prominent text-book bullish pin bar evident on the daily chart (highlighted blue box), EUR/CAD looks ready to move higher back to the 1.54200 - a key weekly Fibonacci 0% level @ 1.54339. Note: Should prices close above the...

UnknownUnicorn207683

The Aussie tumbled lower on Friday (17th of July) closing the day @ 0.73685 after bouncing off a key monthly resistance level found @ 0.74226. While there are no clear candlestick patterns found on the 4 hour or daily chart to signal a long term buy/sell entry, there's still potential for the Aussie to retest the monthly resistance level. Why? Each time the...

UnknownUnicorn207683

Apologies for the delayed post. Buy order could have been better however, confirmation of a movement to the upside was required based on the 30 minute and 1 hour chart. Indicators: 1. Higher lows (indicating a strong bullish bias) 2. Overall analysis from 12 days ago still confirms upside potential (daily/weekly chart) 3. Resistance turned support...

UnknownUnicorn207683

This pattern is something I've been testing for some time now with a live account using a small amount of risk. The high of the bear candle (found @0.67540) and the low of the bear candle (@ 0.66862) marked by the highlighted red box, measuring roughly 678 points from top to bottom. What follows after a high volume bear movement are three white (bull) candles,...

UnknownUnicorn207683

Stop @ 1.10722 Entry @ 1.10512 Target @ 1.09098 INDICATORS 1. Two Pin Bars 2. Price Making Lower Highs (Marked by red box's) 3. Chart Forming a bearish Pennant-like pattern Happy Trading!

UnknownUnicorn207683

BEAR INDICATORS 1. Rising Wedge chart pattern 2. Price broke through rising wedge support line 3. Price still trading below bear trend line (resistance) BULL INDICATORS 1. Price is currently at a pivotal level, now rejecting the weekly 38.2% Fib level found around the 1.53100 area What to look out for? If prices close above weekly/daily resistance line @...

UnknownUnicorn207683

OUTLOOK EUR/CAD gapped over 1,500 points on yesterdays open due to Greek news released over the weekend of a referendum scheduled for July 5th, with many investors expecting bailout proposals to be rejected. EUR/CAD quickly recovered any losses and closed the day higher than previous three candles creating a text book bullish engulfing pattern. Prices overall...

UnknownUnicorn207683

OUTLOOK NZD/USD over the past 3-4 weeks has been trapped inside of a descending channel, creating lower lows and lower highs in a market that seems to be oversold. Prices are rejecting the key monthly support levels around 0.67755 indicating a possible breakout ahead to the upside around 0.68761 (resistance level) - confirmation on the daily chart is required...

UnknownUnicorn207683

OUTLOOK: EUR/CAD Reached a high of 1.40203 (50% of long tail pin bar) before closing below 1.37600 area (neckline of inverted Head & Shoulder pattern found on the daily chart) - inline with recent analysis where bear confirmation was required before a short could be placed. Expect a slight pullback to the upside near weekly 61.8% fib level before prices break...