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Nakedchartanalysis

EURAUD SHORT TRADE: 130 PIPS POTENTIAL (SWING TRADE) SETUP CONFLUENCE Monthly Time Frame - Support breakout, Pullback and possibility for bearish continuation Sell Signal Weekly Time Frame - Support breakout 1.61597, pullback and possibility for bearish continuation - Bearish engulfing candlestick formed, range = 1.63132 - 1.60322 Sell Signal *SELL SETUP EXPLANATION* Daily Time Frame After looking at monthly and weekly time frame I conclude that price are on the way for bearish continuation. But the question is, where we might put our sell entry point?? inside weekly time frame bearish engulfing zone, we identified that at daily time frame, support has been formed and breakout. so this is where my confirmation for this sell setup. H4 Time Frame This is the part where i look for my entry point. you can see that support breakout formed and inside those there was engulfing candle at price range: 1.61751 - 1.61274 i will put my sell entry point in that zone, still confuse ?? if yes than put your sell entry point at 50% level in the engulf zone. 1.61508 Keep it simple guys!! ^^ This is my thought on EUR / AUD for this trading weeky, what's inside your mind? please let me know in the comment. Thankyouuu!! :D
by TinyFX
USDCHF. Seeking a higher High, Before the bigger wave downPreviously I was looking for a sell at a lower key level of USDCHF. However this last week, it has broken a Daily Key Level. Therefore it is most likely seeking a price closer to the weekly Key Level. Therefore we can look for a short term Buy this week. very small stop loss. I will update later for the bigger wave down. That is the trade I do not want to miss if it presents itself. We will look for a buy when the market opens above the daily key level that it has broken.
by UndergroundPipSurfer