Nice head and shoulder formation in H4 timeframe, ==> price has retraced to retest the previous resistance as support, ==> Also price is respecting the 38.2% fib level so we could see a massive move to upside ==> nice risk to reward setup
Enter the trade by breaking the bearish trendline. Enter around the break point and bottom of ascending channel and put SL some pips below the level.
Uptrend till my trend line breaks. Probabilities
Watching to see if the bears come in once again.
Bulls in control now. if it persists then i'd be looking for shorts at my trendline.
Price currently in a downtrend. Waiting for entry. lets see
If my trend line holds, we could see some growth
Asset: AUDNZD Trade: Long @ 1.0362 Stop Loss: 1.0332 TP1: 1.0437 TP2; 1.0488 Telegram Channel: t.me
We had a negative tone to fear to feel at the beginning of the week, perhaps after Trump's news playing down positive China trade talks (incorrect coverage of US willingness to lift tariffs as part of a "step one" agreement). For now, the key level which I mention in chart 0.6850 had a break earlier and is now testing. The message to look for is a bearish one as...
Word through the forex town was that, depending on how the first step of the agreement works out, the U.S. and China are planning to roll back certain tariffs in tranches. Risk capital, however, had their rallies cut short when it was also revealed that within the U.S. government this proposal faced strong internal opposition. The monetary policy statement issued...
Expectations are for the RBA to hold on to any further rate cuts, for now, so the big action is likely to come only if there is a surprise rate cut from the current overnight interest rate of 0.75 percent. After the RBA event, AUD / USD may fall into a "buy-the-rumor, sell-the-news" situation as an interest-rate holding might have been pre-priced. Negative...
Aussi: CPI (QoQ) (Q3): weak Trimmed Mean CPI (QoQ) (Q3): stable PPI (QoQ) (Q3): stable Caixin Manufacturing PMI (Oct): strong ( High sensitive) Probability of rate cut: Aussie cash rate futures are showing 87% odds of the RBA staying flat for next week (Nov 5). Swiss franc: ZEW Expectations (Oct): weak KOF Leading Indicators (Oct): strong SNB's Jordan: ...
After last week's elections, relatively strong domestic data and perceptions of stable (or even stimulating) fiscal policies were sufficient to keep the doves in the bay for BOC and I assume loonie was performing well throughout months because this thing was already known by smart players. Most of the position was well placed in the loonie side for months by smart...
Beginner too if you are able to use small size, a stop loss, and understand how this works, the idea behind it. False breakout of the MA50 and if it goes a little higher possible SFP. What is looking like a complete impulse wave has not been able to do better than retracing the ABC down. There is some short term spiking, I think it is because of slightly...
-WATCH FOR BREAKOUT -WATCH FOR RETEST -EXECUTE WITH CONFIRMATION
- WATCH FOR BREAKOUT - WATCH FOR PULLBACK - EXECUTE WITH SOLID CONFIRMATION
WITH ALL THE BREXIT NOISE INVESTORS ARE SCEPTIC ABOUT THE STERLING @ THE MOMENT - WAIT FOR BREAKOUT - WAIT FOR PULLBACK - EXECUTE WHEN THERE IS SOLID CONFIRMATION #Clean charts #Naked trading #Technicals