1h
GBPJPY SHORTMA cross over just before break of trend line. Will take down to 139.600 where price bounced from trendline.
A Very Subjective Triple Bottom EURAUDAs everyone well knows, AUDUSD finally reversed as I have been predicting for several weeks as price was barely moving at the top of the uptrend (4h/daily)
AUD weakness against the USD may indicate further strength of EURAUD.
I spotted what may be a triple bottom setup, and price has broken the resistance of the structure.
Still trying to find a good entry point, but still wanted to share this with my followers.
EURCAD 1h Short Position Still HoldingJust break already ahaha
Decent position as I see it, still holding from yesterday.
If the support trendline breaks I suppose it will be extra confirmation for a short position.
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.
Bearish bat pattern EURGBP 1hShort on EURGBP advanced bat formation.
Filled at 0.85705
Stop loss: 0.86055
First target: 0.85067
Second target: 0.84673
Risk/Reward ratio: 1.82
GOLD/DOLLAR - Potential hourly ending diagonal.The last fifth wave of daily/weekly zigzag correction (reactionary upmove) can get complex, which is fair enough based on exhaustion of the daily uptrend and the expectation of a great bearish movement on weekly basis.
Happy trading!
NZDUSD Short off Broken Horizontal and Trendline SupportPrice first broke through the support trendline, and then through short term support at 0.7187
I am initiating a short position, which accounts for NZD weakness in addition to USD strength - on a lesser scale.
Simple Price Action is Key
Patience is Key
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!
EURCAD Long Position off Support TL BouncePrice has opened at the support trendline today
Stochastic is oversold and currently turning upwards from that area.
Weak CAD can be seen in both USDCAD and here, EURCAD.
Not too good R:R ratio, but this trade fits my technical strategy so I will take it.
Have less emotion, and be more patient.
Good luck comrades.
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.
CADJPY - Possible Reversal Trade by Resistance TL breakout.This will be a reversal category setup, as price seems to be recognizing the resistance trendline as a barrier that bulls need to break.
This is going down for now, and it may make one more push downwards, but I'm looking at an eventual (next week) breakout and price rising to next resistance.
A no fuss cypher on the EURCADWe have a simple short cypher pattern set up on the EURCAD 1H time frame. There is much to this one set your targets at the 38.2% Fibonacci retracement and your follow on targets where ever they are supposed to go. Get your stops above the X point by a few pips.
EURAUD - Bullish BatEURAUD has completed a Bullish Bat pattern on the 1H timeframe. RSI recently over-sold. I will enter upon the close of a significant Bullish Engulfing candle. SL set below previous lows. TP1 set at 38.2%, TP2 set at 61.8% Fibonacci retracement level.
