Goal: 15-25 Pips AudUSDtrying to be consistent with my one markup a day goal as well as stick to my 15 - 25 pips challenge.
Notes:
Weekly: Only thing sticking out to me was the S/R line that I drew at the .70300
Daily: Price has been trending down with a recent pullback before what looks to be a continuation. I also kinda see that it broke out of a channel that began in December. That would have been a nice catch but that entire month I was on "vacation" LOL.
4Hr: Should be focused on looking for sells since we trending below our 50 and 200ma PLUS they both crossed, but I love trading channels and I see a potential bounce. Even if It doesn't go all the way up to the other end, this might be a good area to catch our 15- 20 pips
5 min: 9/28 ema crossed, plus looks like it broke a range, don't think y'all can see it in this screenshot but yeah my 5min got me feeling like going for the 15 here.
Piphunters
AUDUSD INITIAL CONTROL OF PRICE ACTION BY BEARS.From my previous post of AUDUSD timeframe analysis 5, 15, 30mins and 1hr had a pending sell signal but now taken over the market now. The bulls have little control now ; they can only make some advances that are insignificant in the long term. My advice is to short the pair in the swing trade obtaining huge profits starting from the weekly timeframe when market opens again on Sunday.
Another one!! Strong Correlation bagged us 2 Wins!Our NZDUSD analysis last week predicted two possible moves, so we watched closely alongside AUDUSD because of their strong correlation and both gave us a strong signal to short at the same time. NZD bagged us 70 PIPS+, and AUD another 125 PIPS+. One of our confirmations to enter was because of AUDUSD but at the same time if you look on our daily chart price kept retesting the 38.2 FIB and the EMA and printed long wicks one after another of rejection! The Fed Rate increase 2% also fueled the fire for the drop!
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Aussie smashed our PIPS this Week!!Attached is our analysis from last week predicting Aussie dropping PIPS like flies. We expected the reversal to come sooner from the Supply zone drawn on the chart in Red, where the green circle is but entered when price retested the 50 FIB and formed a 2x Top and then broke through 38.2 FIB. Wish we entered on the retested 2x Top neckline but can't always be in front of the screen watching. The Fed Rate Increase to 2% also fueled the fire for it drop. 125 PIPS earned this week on just one of our trades!! We are holding this trade over the weekend and might possibly be entering another short position!
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COACH NIM IS BACK & BITCOIN IS ABOUT TO MAKE SOME BIG DECISIONS!Super excited to see what BTCUSD is about to do. I personally believe it will bounce back up again test the 7705 range and then from that point on we should have some clarity. The RSI is what had me confused because it is the lowest it has been in months but that to me could signal a new all time low maybe is coming? My odds say that a bounce up and a good time to buy in is right now.
PLEASE COMMENT THOUGHTS- Even after the security breach happened I believe that we still have enough strength to bounce up!
2 Trades: EUR/USDTwo opportunities i took on the EUR/USD. First trade was a double top with RSI Divergence. The second was a .618 retracement from the initial move down, predicting the market will retest support levels. Risk reward is good with possible 100+ pip gain. Anybody traded this opportunity?
GBP AUD ShortPound had a huge run up.
Looking to take a power move short 1:1
Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line.
Fib retracement from the last big move up. TP is just above the 0.618 FIB level.
Will monitor, may TP at .5 if no strong momentum to push through.
SL above key 1.95 level
let me know your thoughts and feedback???
GBP/JPY SHORTRisky set up coming into key 155 level. Could have waited to see if price breaks below this level before entering.
Price going below the key 160 and showing strong downwards momentum. I can see on the weekly and month that there is much lower to go.
Price is still making lower lows, and lower highs. Got some news to trade through, although on the surface this may help push the trade further in the dowards direction with current economies.
Long on EUR/USD BUY BUY BUY !!!Reasons for
-Firstly as we can clearly see we are in a Triangle formation
-We have had multiple bounces from the Bottom trend line which is now acting as Support
-The previous Four hour candle was a doji on the trend line
-Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support
-We have also priced in Higher HIghs
-Although waiting for a break of the triangle formation would be the best thing to do i am more then willing to take a risk and only give away 50 pips if its Stop loss and if it hits Takeprofit then we will make a nice gain of 140 pips
Key risk management and risk reward is KEY :)
Remember History repeats itself
My ENTRY 1.08434
GoodLuck everyone !
Happy trading :)