UnknownUnicorn326052

UnknownUnicorn326052 Updated 

AUDUSD Looks like a good short IF it breaks lower. I first need more confirmation. I'd like to see a clear break and close below the 0.7910 level on the 4H chart. There was one at the beginning of the trading day (21/07/2017 4H GMT+2) but it bounced back up. On my personal trading platform I already got the signal to go short when this candle closed but my second...

UnknownUnicorn326052 Updated 

Chart says it all I think. Number of tests of 1.1280 area that was resistance in the past as well which also made euro go lower again. Candle of the 15th made a new low and if current levels can hold we could see a retest of 1.1120 area and even a break. If it does break I expect it can go as low as 1.0870. If we go back up and even break 1.1280 area this short...

UnknownUnicorn326052 Updated 

Shorting usd against chf. Uncertainty prevails. Technically dollar is in downtrend against chf. First stop is 0.9950. Depending on sentiment against the dollar this can go all the way back to 0.9850 region. Idea is negated if we get back up to 1.0050 and break above it (clear close above it).

UnknownUnicorn326052 Updated 

Chart says it all really. Trend is down. A possible intermediate stagnation is around 112.50. This region was where we bounced back up to retest 115.50 region. We broke below a area that was support/resistance in the past (November and December 2016). My final target is 111.25 but depending on how market reacts to 112.50 I might close sooner (at least partially)....

UnknownUnicorn326052 Updated 

UJ looks like it's ready to rally back up after it consolidated for over two months (Starting around the drop in the week of 25th of July). RSI is well directed (to the upside) but needs to really get above 50. Beginning of October started off well but last week it consolidated at a level that proved to be too hard to break the week of 29th of August and 5th of...

UnknownUnicorn326052 Updated 

AUDNZD looks like a good buy setup, a lot of the indicators and price action are pointing towards a bull run, but Yellen might be the party pooper. As they say, it ain't over till the fat lady sings, and Yellen is a lady and kinda fat so... RSI and stoch show bullish divergence First bullish daily candle that might even engulf yesterday's bear First...

UnknownUnicorn326052 Updated 

GBPUSD is clearly set up for some nice action later today. Yellen can bring this back down and create a nice double top. Depending on how market reacts to her speech we could see a test of the upper channel and either see a break or a touch and drop. I'm leaning towards the later. RSI and stoch are lower PA is flat We are right at the upper level of the...

UnknownUnicorn326052 Updated 

EURUSD seems to be consolidating. If the euro can't break higher at this level we could see a drop back down. It needs to break below 1.1160 - 1.1150. If it makes a new high, above 1.1200 - 1.1210 region, then this becomes invalid. RSI and Stoch are well directed for a short as well (if it finally breaks lower). I'm looking at 1.0980 as target for this short....

UnknownUnicorn326052 Updated 

Gold tried multiple times to break out of 1332 - 1337 region, but failed every time. This proves it's a string resistance for bulls and gives bears the chance to make a move lower. We are currently sitting at the 1322 - 1320 region that must be broken again. If we break it we can finally head lower towards 1310 - 1305 and maybe, if bears still have some energy...

UnknownUnicorn326052 Updated 

The chart says most of it. I can see some further down side to 1280 but longer term gold can go back to 1375 and even break to 1400. RSI and stoch are not oversold so still have room and down trend seems to be solid at this time.

UnknownUnicorn326052 Updated 

EURGBP is closing in on an area that could proof to be too strong. on 4H RSI and stoch are close to or pretty much overbought. Both indicators can show bearish divergence if price actually stalls at the red marked area of 0.7850 - 0.7860 and this together with an area that has proved itself als a consolidation area I'm inclined to believe price will revert here...

UnknownUnicorn326052 Updated 

Chart says it all really. The Daily RSI and Stoch are well directed for further downside action and RSI is even below the 50 level. Also on the daily you can clearly see the large bearish candles. Except for the RSI and Stoch that are somewhat overbought on 4H which might indicate a small corrective move the first day(s) of the new week. This is still very much...

UnknownUnicorn326052 Updated 

AUDUSD broke out of its consolidation area around the large support that was previously resistance. We are now heading higher and if today closes higher, at least current levels and more, more bullish action can be seen till at least 0.7475 region. RSI and Stoch is well directed and not overbought on H4 and Daily. It can be a bumpy ride though. A move back...

UnknownUnicorn326052 Updated 

GBPAUD looks to be set-up for a break lower after touching the 0.236 fib level very neatly. This might be the start of a new wave? On both 4H and Daily we are in overbought territory, especially the daily TF. On the 4H TF we also seem to have formed a strong bearish divergence that might start come into play next week if we break the lower trend line of the...

UnknownUnicorn326052 Updated 

GBPCHF seems to be finally ready to head lower now that it cleanly touched the 50% fib level from the recent bearish trend that started at 1.5565 and ended at 1.3420. I'm expecting a move further down to at least 1.4160 and probably 1.3980 but we might see a small correction during the first trading day of the new week. Similar action can be seen to have taken...

UnknownUnicorn326052 Updated 

Pound closed the week on a positive note and engulfed the bearish tone of Wednesday and (especially) Thursday. Price also broke above of purple trend line after already clearing the last leg down that gave us the low of this year. RSI and stoch are bullish. First hurdle next week is 1.45 with the next one being the high of beginning of February. Although I don't...

UnknownUnicorn326052 Updated 

GBPJPY made an amazing sprint this week and might need some rest before attacking the brick wall that is the 162.40 - 164 region. Especially 164 could prove to be strong given price bounced at this level on numerous occasions in the past. On the 4H time frame we see RSI and Stoch being overbought which indicates time for a breather. However, in the Daily chart...

UnknownUnicorn326052 Updated 

Last week I saw a potential reversal which in fact played out to a T. The coming week could be more of the same, even with possible not so stellar USD data which is imo already calculated into the dollar. Market most likely already anticipated that the chances of a rate hike happening in the near future are very unlikely, at least till say, September? What I see...