AUDUSD---- FXCM CHART QUARTERLY AND MONTHLY CHARTS HAVE A LONG TERM UPWARDS TREND LINE SUPPORTING PRICE. WAITING FOR THE 50 EMA ON THE WEEKLY TO ACT AS DYNAMIC RESISTANCE AND MOVE PRICE LOWER TOWARDS THE ULTIMATE ENTRY POINT OF 0.71500 AUD. OUR WEEKLY UPWARDS CHANNEL HAS BROKEN TO THE DOWN SIDE AS WELL. IF THE WEEKLY CHART CAN INFLUENCE PRICE DOWN TO...
describe what i see... A HUGE F*#K OFF HEAD AND SHOULDER Pattern on the Quarterly chart. Price broke this things neck line, shot down and bounced back perfectly to retest... Last month we closed with a BEARISH candle.. So im just catching up on what all of you have seen FOR AWHILE. The bears are taking this to the bottom 1.21500 levels. Haven't touched the...
ENTRY 1 AND ENTRY 2 HIGHLIGHTED BELOW (SHORT THEN A LONG ENTRY). ENTRY 1 IS THE FOCUS FOR THE COMING WEEK. WE HAVE ROOM TO WATCH IF THIS WILL PROVIDE A POINT OF VALUE TO ENTER THE MARKET. THE 1 AND 4 HR TIMEFRAMES ARE SHOWING PRICE SITTING ON THE RESPECTIVE 50 EMA'S, ACTING AS DYNAMIC SUPPORT. THE DOWNWARDS DAILY CHANNEL HAS BEEN IDENTIFIED, WITH DAILY PRICE...
AS DESCRIBED IN THE CHART. KEEPS US IN LINE WITH THE LARGER DOWN TREND ON THIS PAIR. IGNORE PREVIOUS IDEA.
SHORT is on. --------------------------- 4HR CHART BREAKDOWN ---------------------------- H/S on the 4Hr chart. positive confluence. 50 EMA below to possibly act as dynamic support. negative confluence. --------------------------------- 1Hr chart BREAKDOWN ------------------------------- 50 EMA is above the current price level. positive confluence. Next 1hr...
SHORT ---------------------- price had a massive rally to the daily downwards T line on the upper side of the downwards channel. I don't think we move higher from here. Value would be to the downside. Enter now on the current daily candle and target at least the .618 retrace for this one. BIAS change - If we consolidate out from under the T line then the top...
Barriers to short price below. The easiest path is upwards short term. Maybe establishing a channel.
S H O R T ----------------------------------------------------------------------------------------- So the original idea was to wait for the market to give a clear direction. The idea was updated - ENTER in @ 7500 after price broke this level only to retrace and produce a H/S pattern ( reversal pattern ) target the 6000 level. The target still remains the 6000...
In addition to the previous published idea made yesterday.
LONG trade idea not looking so great, but neither is Shorting... LONG TRADE The problem with going LONG now, even dropping to the 4Hr chart is the lack of proper reward to risk. We have convergence on the MACD chart. NO help. (X) STOCH RSI is mid range on the 4Hr chart. NO help. (X) DAILY CHANNEL upper trend line is a major barrier for price to breach now...
Wait for the 1.85000 level to be reached and we will read the price action at that level to determine if we go long or short. OPTION 2 is price pulls all the way back to bottom orange level at 1.72200 approximately In between those levels traders will get killed handing back profits . Wait for the obvious levels to be reached and put together confluence for a...
UPON REACHING THE SUPPORT LEVEL OUTLINED WE WOULD BE LOOKING TO THE 4Hr AND 1Hr CHART TO GO LONG FROM THE CIRCLED AREA. 1HR CHART WE WANT A BOTTOMING PATTERN TO APPEAR, THIS TO THEN START INFLUENCING THE 4HR WITH A BREAK OF THE 50 EMA TO ACT AS SUPPORT. KEEP A SAFE STOP DISTANCE, I HAVE INDICATED THE WHITE DASH LINE AS A LEVEL TO PLACE YOUR STOP BELOW. THE...
WAITING for the price to funnel down to my level at 1.05500 and the weekly upwards sloping T line before heading higher. I can see an intermediate level between current price and my level, but i'm not interested in trading this pair until it reaches value. Once at the level i have described price is likely to retrace higher.
Huge HEAD AND SHOULDER pattern playing out. Price below the neckline we need a rise in price to test the underside of the neck OR 50 EMA. THEN START TO GET SOME SIGNIFICANT MOVES LOWER.
SO THE ANALYSIS HAS TAKEN PLACE USING A TOP DOWN APPROACH QUARTERLY, MONTHLY, WEEKLY. The idea was published using the Weekly, but the aily is where you will place your trades... So using the Quarterly trend line on the Daily CHART (Lime Green line) we can see it forming an ascending triangle with the Weekly supportive level 0.67000 as the base. So the move is...
SHORT ENTRY OUTLINED PRIMARY THOUGHT SO WE HAVE THE HEAD AND SHOULDER PATTERN APPEARING ON THE DAILY. ITS A SKEWED HEAD AND SHOULDER PATTERN THE NECKLINE BEING THE BLUE DASHED LINE. WE CAN SEE THE BREAK AND RETEST OF THE PATTERN's NECKLINE NOW WITH PRICE MOVING LOWER. SINCE THE MOVE LOWER ON THE 4HR CHART WE HAVE HAD DECELERATION AT THE 7800 - 8000 LEVEL....
Waiting for the retrace on the 30 min chart. Ideally we want the 1hr to first break our 50 ema to the upside. It may act as resistance and void the short term long entry.
COLOUR KEY BELOW LIME - QUARTERLY LINES RED - MONTHLY LINES BLUE - WEEKLY LINES ORANGE - DAILY LINES I SEE THE HISTORY OF THIS PAIR AS SHOWN ON THE MY CHART. The safe point for an entry into the pair would be at an absolute definite level. I would not be entering the pair until price gets to the 100 - 101 zone. We have seen this pair span the gap of where...