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1h

AUDUSD Sell Stop Order Below Support TLEven though AUDUSD broke the major 4h support trendline in my earlier posts (linked below), there is still not a lot of movement down. AUDUSD is not particularly weak, and USD has received some bad news regarding GDP, so I wait. The only thing halting price from falling, technically speaking, is the presence, once again technically speaking, of the short term support trendline you see buffering price. Keeping my eyes peeled for now, AUDNZD has already reversed, not too long now I suspect.
Short
by MtxTrader
AUDNZD Multiple Time Frame Short ConfirmationLike I have been saying over the past couple of days, AUDxxx pairs are reversing from their bullish trends, and AUDNZD is one of them. Above we have a support trendline above which a triple top formation formed. - The neckline support of this formation was broken in a very strong bearish candle. Additionally, a greater support trendline, the larger one we see, has been broken as well. This larger trendline is better seen on the 4h. Also, the daily candles show that price has reached resistance at 1.0747 - which is an area of previous resistance. This trade is designated a reversal trade, and I will be adding to my short positions on continuation setups on the 1h and 4h charts (like wedges, flags, and triangles) Happy Shorting!
Short
by MtxTrader
EURCAD 1h Symmetrical Triangle1H symmetrical triangle inside of a 1W symmetrical triangle - post linked. I see this is a bearish continuation setup, but I am ready to go long as well. On the weekly idea that I posted, linked below, price still has some room to fall before coming into contact with the support trendline (weekly chart). With that said, It could reverse and go up, but I am biased bear because EURO has been weak and seems that it will continue to be so for the next week at least.
Short
by MtxTrader