Good morning traders! This post is a few minutes late from the point of our entry, but we just entered into a short position on AUDUSD @ .7500. We have a very nice resistance level at .75080 that has kept the downside in check for roughly two weeks now. With no economic stimulants to justify breakout volatility, we are betting that this resistance will hold for...
With today's announcements from ECB President Draghi bringing in strong EUR sellers we can bet on continued weakness. Today's spike high confirms the 123~ resistance zone and that sellers are now in control. An outside return to previous resistance at 121.88 or support at 122~ will offer a probable shorting opportunity. Downside risk may be supported at 120.88...
Thia pair has been inside a channel since 20th october and the price has reached the top line. That may result in a down movement. Furthermore, the MACD and RSI show that there exist a divergence that also may cause a down movement. Main trend is bearish and it may go down. There are many proofs to say the price is going to fall and there is no any proof to say...
USDJPY has broken down from its local flag pattern and could head lower in the short-term. However, at the moment it has bounced from the bottom of its main channel. Thus, we have 2 highly probable setups: 1. Price retests the previous (dotted) trendline and fails, bouncing back down and then breaking the yellow flag pattern 2. Price breaks the yellow flag...
short on ausie dollar. rejection of the trend line and should see another bounce to the down side and wven see much lower lows
USD-MAX ABCD AND GARTLEY PATTERN