Weekly - MACD & RSI Bullish Div with prices going down. Daily - Same story as weekly. EMA Bullish Cross Good healthy consolidation
Buy FX:AUDJPY @ bottom of the range Back side of the trend line; with StochRSI oversold and going up Double Check Bullish CS Formation before place the trade Counter Trendline Break
Daily / weekly correction is at the final phase (if we get a WXY only and not a WXYXZ.) If the correction is over by then, we would know looking at the characteristics of the reversal wave. I'm in for the next impulse up, even if it turns out to be the X wave for another ABC down.
If the price breaks the channel at 79.105 expect it to go down to "Support Level" at 78.943.It may continue going down, but the price could retrace off the "Support Level"and retrace off the previous channel.But if the price breaks the channel at 79.365 excpect price to continue on an uptrend,But the price could also retract off the channel and go back down to the...
Positive - Good Fakey Setup - Good Support Line - Good Support Zone (Level) Negative - Last candle is not good confirmation - Strong Bearish Pressure Conclusion - Setup rely on support line, if it breaks it negate this setup - Need to see next 2-3 Candles Comparison to recent fakey setups ( As shown in diagram ) - 3 out of 5 worked with good R:R, they were...
Acsending traingle at the support. Break above 80.500 is a good risk/reward entry
price dropped and touched the demand and then north to the supply zone.
Pros - triple bottom on key support. - trading the range - Doji and inverted hammer formed after bearish run - Stock RSI at 0.000 - Recent break of yearly support, possible retest Cons - Trading against the trend - massive bearish presence the past week THOUGHTS?
Hi Guys, This is a weird looking CYPHER Pattern but still a valid one according to my trade plan. I didn't spot it till about an hour ago and saw that the market did not violate the X leg but actually bounced off of it so we know that the support level is pretty strong and therefore we can buy. The Risk to Reward ratio for these trades are much better but hardly...
AUD JPY pair resume down trend , it has been completed 100% retraced, now it could possible to make two waves long atleast for retracement @8200 at 38.2% fibo with the strong support and with double bottom pattern, If breakout BUY AUD JPY @80.97 TARGET: 82.00 STOP LOSS: 81.60 GOOD LUCK !
FX:AUDJPY Safe Trades; open.spotify.com
looks like consolidation along the upper edge of the wedge. A breakout to the upside is highly likely.
Price broke the resistance - possible bullish movement
Look to go long on this pair once the side ways consolidation results in a breakout to the up side for wave 5. expect some price swings to wave 5 completion. Trade your plan. AndyG
I HAD AN ORDER LAST NIGHT LONG AUD/JPY . I WAS TRIGGERED INTO THE TRADE OVERNIGHT WHICH IS A BIT OF PET HATE OF MINE AS WE SEE TIME AND TIME AGAIN THAT EUROPEAN AND US MARKETS SEEM TO REJECT THE ASIAN SESSION. HOWEVER MY CONFLUENCES ADDED UP WITH MY TRADING PLAN, I WAS IN. UNPREDICTABLE AND UNFORTUNATELY FOR BRUSSELS THEY HAVE COME UNDER A SEVERE TERRORIST...