Possilbe correction in play. Price holds above 1.1615, continual rise to 1.1909 probable. Break above 1.1785 resistance = rise to 1.1865 likely Break above 1.1865 = Bullish to 1.2000 level. Personal analysis only. Please use your own rules & strategies prior to entering market.
If the CTL is broken on the m30 timeframe and retested I will be taking a sell position.
Selling AUDCHF all the way down to its next key level, once it hits TP we will be looking for a sign of buying.
audusd short back to monthly support. Breakout triangle has formed.
Wait for trend line break and higher high confirmation.
Key levels marked down on the chart, retracement towards major trendline, rejects at important key level longer term (redline), breaks lows of the retracement, take it short to level indicated on the chart. WATCH what price does around 1.0704, this is an important level. Decrease risk because of this level.
A bounce off this trend line down to major key level confluence with 61.8 fib. Wait for break of rising wedge. Expected upside after this move. May move stops to break even after 50%.
Will trade up if trend line acts as support.
A few possible moves on this pair for the week ahead. Will trade on the lower time frame.
Keep an eye on the key levels and act accordingly, looks like price is really trying to push through to 1.35, think it will fall soon
The pair is looking bullish in the bigger picture. This is a possible setup currently, but I am waiting for a trend line breakout to occur in order to trade the pair with a more rewarding setup.
confluences - in a downtrend - made lower low - lower high made at 38.2% fib level - counter trend line broken - new lower low 137.000
Gold showing multiple rejections of 38.2 Fibonacci on 2 hour. Expecting gold to make new low at the 1.27 extension of previous big downward move, targets 1120.00
Following on from an Idea I post at the beginning of the week we have come back up into an area of previous support turned resistance on the daily chart. We have formed a very bullish looking Flag pattern, imo ready for a break further down, along with a bearish Gartley on the 1 hr
In 1 day TF, in 4 hour TF, in 1 hour TF and even in 15 min timeframes, the trend is bearish.
Tokyo timezone will start in a bit and we can see the market really respectfully returned price to the Tokyo Support // Resistance Tokyo had actually opened with yesterday. Interestingly, we 'together' hit a very strong 3 Month support level. As I write this, price has just punched through the Tokyo S/R , which means the asian session will most likely be...
Flag Pattern forming watch for break to the downside for targets at 38.20% 0.78663
if anyone is interested in my theory let make a chat i would love if someone see what i see , and i would love if someone help me with my strategy /