AlexC

AlexC Updated 

I am not trading this pair, but analysing it. I'm posting this maybe it can give some trading idea. Good luck!

AlexC

Interesting 3 candle formation

AlexC Updated 

Looks like a descending wedge acting as a trend reversal. Looking to short with target near pre-UK election sometime in May this year (2015). If true, it's a long way down, only to reverse when UK factory orders (export) improve.

AlexC Updated 

This morning RBA hold interest rate. That would mean major banks rate increase is as good as RBA raising rates itself. The upward price movement post RBA announcement seems to complete a descending wedge. A possible upward breakout.

AlexC Updated 

Seems that my prediction on better UK GDP results is awfully wrong. New Zealand bank maintain their interest rate despite falling dairy product prices. RBA probably follow similar move by adopting a look-see approach on the after effect of rate increase by banks. Rebound towards North seems to reach apex point (shown in vertical line) which could signal a move...

AlexC Updated 

Retracement 50% completed qualifying a partial decline. Descending wedge pattern with possible upward breakout. Kindly let me know what you think. Current news: Australia banks raising interest rates, speculation RBA will need further cut in Nov meeting. Year end Christmas will spur more spending in the UK with more disposable income generated from low...

AlexC Updated 

Looking to trade a double ugly bottom with target 2.16xx before the pair resumes a downward trend. Comments appreciated on this strategy. Thanks.

AlexC

I'm looking at a rebound target to 2.049. Appreciate any comments. Thanks.

AlexC

Hi. Can please kindly help take a look at this chart? There seems to be 3 patterns. Does this still qualify to a head and shoulder pattern or the 3 pattern makes up as a consolidation move towards upwards? Any comments? I'm looking for possible hints that this could be a false head and shoulder pattern. Thanks.

AlexC

Butterfly building?

AlexC

Broadening wedge forming in first half of possible diamond formation Possible shoulder-head-shoulder in the second half of the diamond formation Possible CAT ears contributing to the two nearly horizontal top within the diamond formation