tiggerjrowe

tiggerjrowe

Bouncing off 61.8 FIB level on 4HR chart on recent Swing Low. If it can break through 50 level looking for first target at 31.8 level Second target at 23.6 level, with a stretch target of Original highs

tiggerjrowe

Big news event coming up this week with AUD releasing their interest rate decision. Consensus is for it to remain the same as the previous. With that being analysed in, we have the potential for 2 seperate paths. Following the weak data out of the US at the end of last week and a good decision on interest rates for the AUD this week, we can expect this pair to...

tiggerjrowe Updated 

Looking at the daily chart for this pair, there seems to be a push by the bulls to start another rally upwards to the resistance line. RSI & Stochastics indicate oversold territory bottoming out, signalling that we could see a potential move up. Eventhough the uncertainty around the election this still looks like a great trade set up based on the action of the...

tiggerjrowe Updated 

Successful completion of Leg 4 means this pair is now due for a rise up to resistance. Looking to hit around a big resistance level. Have set up to trades to take advantage of this set up, and will close once target is reached. Upon completion of this leg, the next phase of this trade will be a move up if a solid break through resistance is made, but if not, a...

tiggerjrowe Updated 

With RBA Rates due to come out tomorrow afternoon, the pair looks ready for another move down. Strong up movement following the trend has the pair close to touching trend line before making it's way down again in accordance with Stochastic & RSI Indicators. Looking for it to touch the line then move down to previous support of 0.74609, before moving further fown...

tiggerjrowe Updated 

Been looking through the chart and trying to work out levels, supports and resistances and i belive i've stumbled across a downtrend channel. We've completed 3 moves already and are progressing nicely through the 4th move which should see a rise to 0.75268 which acts as a good resistance level for this upward movement. Based on the movement, if it reaches that...

tiggerjrowe

Just my idea Thinking this pair will retrace back down to previous support, after unsuccessful attempt at breaking current resistance. Would be retracing back to 1.44402 level before going up further. This idea correlates with the indcators used and have this trade open at the present moment.

tiggerjrowe Updated 

Following successful analysis of the retrace, this idea is looking better and better. Cypher pattern has shown the retrace to complete fully. Now time to move on up further to the previous highs of 1.44390 before moving to a Jan 17 High of 1.465 Have had a long in play since the turn around. With upcoming news this week, will be interested to see how this plays...

tiggerjrowe Updated 

Still think this pair has a long way to go on the upside. Few points of interest related to news coming this week, which make this pair very interesting to watch. A crossover in the MACD shows this is now running into a rally or uptrend, to what level, I've looked at p [previous resistance and in Sep + Dec 16 we had a level which was support, which could form...

tiggerjrowe Updated 

Good cross over on the MACD indicator, as well as strong movement down on the RSI + Stochastic. Would expect this to retrace down to support level at 1.67556 Based on FIB retracement, it matches perfectly with the 61.8% area. Will keep watch as pending is in place at the moment

tiggerjrowe Updated 

Looking at 4hr Chart, 2 strong green candles so far (1/2 way through candle 2, strong green though.) Would be looking at the first FIB level of 83.178, but a close ye on previous R1 at 82.860 SL kept tight to prevent major losses in case of continuation down. RSI, Stoch AND MACD all pointing towards a rise up over the next few candles. Tread warily.

tiggerjrowe Updated 

Just a quick retracement for the AUDUSD pair following the strong move downwards. Looking back at previous days candles, there is a resistance at 0.75660 This would be the ideal TP as a break above that in this downtrend would most likely be a weaker option.

tiggerjrowe Updated 

Just my idea and analysis on the pair for the upcoming week, but on the 4 hr chart. Looks like the beginning of an inverse head and shoulders pattern. The RSI and Stochastic indicators both indicate that it is in oversold territory, and is due for a move upwards. The key to this trade will be the current support line not being broken and a strong move up after...

tiggerjrowe Updated 

Just an idea for a long position if the current down trend is unable to break the next support line. TP 1 would be the first obvious target. Entry for this position would upon the attempt and fail of the break.

tiggerjrowe Updated 

Pushing further down to support 1? Enter with risk management rules applied and good luck :)

tiggerjrowe Updated 

Looking at this for a potential long. Looks like it should go very well to 61.8% level.

tiggerjrowe Updated 

Looking at NZDUSD chart on 4HR Looks to be still continuing down. Stoch, RSI & MACD all point to a further move down Have set a TP at first support @ 0.69981, with a watch of that break will move to TP 2 @ 0.69812

tiggerjrowe Updated 

Quick retrace before conitnuing with the strong momentum up. Good chance to jump on and get some quick pips. This is only based on the MACD, RSI + Stoch indicators being in line for a drop, but not expecting to far of one. Looking at first level of 1.42191, with a move of the TP if that is met and continuation downward to the 61.8%