This pair on the daily seems to be in a rising wedge pattern, we have had a couple runs at breaking past the 1.79000 level without success on the 4Hr chart. A toping pattern is taking shape and forming a channel between 1.78650 down to 1.76000 approximately. The best play would be to wait for price to test the extreme top of the channel again with a definite...
Sticking with the small downwards trend line, I would wait for a retest of the trend line and then look to get short. The next level below I see would be where I set my take profit.
AUDUSD WEEKLY CHART SHOWS PRICE STOPPED AT A 0.77500 AND IT ALSO COINCIDES WITH THE 50 EMA PERFECTLY. Dropping down to our daily chart, I can see deceleration and two sister dojos. This suggests bears tried push price lower but failed. I have removed the 50 EMA on the daily chart. If your conservative the 50 EMA would pose a problem as Risk:Reward isn't really...
ITS ALL IN THE HEADING, This one is for those needing to make rent on time. Its looking good but reward to risk would prevent me personally entering the trade. You always want a decent reward for the money your risking. This trade doesn't have it. Its purely the quarterly, monthly and weekly charts that are aligning that is telling me this pair continues higher to...
Acceleration away to the downside. Channel forming Death cross looking as though its about to form. 50/200 EMA Reserve banks with Government backing to contain CRYPTO's. More fire power than all Crypto tokens, coins and IPO's combined.
DESCRIBED ON THE CHART is the entry for the pair showing entry point. Our protected Stop loss behind the S/R level. The target for the trade. The white arrows indicate what I would expect on the way down. Daily 50 EMA is above the price action currently. The CHF is showing acceleration to the down side against the AUD. Waiting for a proper entry candle or two or...
The chart outlines S/R levels I see. I have the trade entries, TP and stops as shown by the SHORT entry boxes. OPTION 1 achievable OPTION 2 doable OPTION 3 Major shift in sentiment has occurred.
There is a HEAD AND SHOULDER developing on the 4Hr chart. The 1Hr is showing bearish sentiment. A trace higher to the level where the circle is shows resistance converging and blocking a move higher. The over all trend on the daily still seems to be Bearish. So time frames are aligning short term. We still have the monthly T LINE acting as support. I think enough...
More recent steeper upwards trend line looks like our line in the sand for price to gain support and move higher. The longer term downwards trend line is still directing price lower.
PLEASE SEE THE CHART FOR AN EXPLANATION AS TO HOW TO BUILD UP A PICTURE AND AID YOUR DECISIONS WITH GETTING LOW OR GOING SHORT. PURELY TECHNICAL ANALYSIS, MACRO INFLUENCES CAN BE ALSO ADDED TO HELP REFINE THE PICTURE FURTHER. NOT ADDED IN THE EXAMPLE. MONTHLY LEVELS AND LINES ARE RED WEEKLY LEVELS AND LINES ARE BLUE DAILY LEVELS AND LINES ARE ORANGE
PLEASE SEE THE CHART FOR AN EXPLANATION AS TO HOW TO BUILD UP A PICTURE AND AID YOUR DECISIONS WITH GETTING LOW OR GOING SHORT. PURELY TECHNICAL ANALYSIS, MACRO INFLUENCES CAN BE ALSO ADDED TO HELP REFINE THE PICTURE FURTHER.
PLEASE SEE THE CHART FOR AN EXPLANATION AS TO HOW TO BUILD UP A PICTURE AND AID YOUR DECISIONS WITH GETTING LOW OR GOING SHORT. PURELY TECHNICAL ANALYSIS, MACRO INFLUENCES CAN BE ALSO ADDED TO HELP REFINE THE PICTURE FURTHER. MONTHLY LEVELS AND LINES ARE RED. WEEKLY LEVELS AND LINES ARE BLUE. DAILY LEVELS AND LINES ARE ORANGE.
CHFJPY FXCM CHART - We have weekly price showing a stop at the key level of 112.500. This coincides with our 200 EMA and Monthly upwards sloping trend line. A lot of eyes will see this trade coming and i think we get a run at least back to the top of the triangle pattern. I think this one will fuel the break out to the Upside of the Triangle pattern. IN...
Wait for the completion of Mondays candle before entering into this one, we hopefully get a text book high test. That being the case, enter short as per the short entry box. Its a rough area not exact levels of where to enter. Use the lower timeframes to invalidate the trade. If still unsure don't enter the trade at all. Sometimes thats the best course of...
ACCELERATION AND LOTS OF IT TO THE DOWNSIDE. Wait for price action to show us the low. I have detailed where i think that will be on the chart. I would not like to get long at this point. We are after the area the trade will reverse not so much exact turning points. The lower point would be a great point of value to place an entry long. When we find the bottom...
Higher time frames are both showing a bearish bias. The weekly head and shoulder pattern has seen price in free fall. We have pulled up at the 82.000 level but with so much momentum to the down side i don't think this is our turning point higher. I think the next clear level i see on the daily is at the 80.000 level. This would also coincide with the quarterly...
LONG TERM VIEW ON THIS ONE. Pointing this out early, so this is not going to be actionable for a while yet. The key weekly level at 0.77500 is what we are waiting for to break and have price retest. Price seems to be forming an ascending triangle on the weekly. Price is starting to show signs of being squeezed, we may get a bounce off the ascending triangle,...
Good Morning, So we may have an alternate entry to the AUDCAD SHORT entry i previously posted. If the head and shoulder looks like it won't play out. We have this entry above to possibly enter on. The layout is on the daily chart for all to see. If in doubt wait one more day for confirmation price is going long. Watch the lower time frames 4Hr and 1hr and the...