ArtofFX

ArtofFX

Target .8160

ArtofFX

Price action play on the short side. Nice Risk vs Reward

ArtofFX

Broken wedge down, and inverse HNS forming, I ll take a long on the neckline break and retouch.

ArtofFX

Short against the high, Ill be happy with anywhere in the target box. Once it gets to that area Ill start watching for candles and possibly a retouch of the trend line as an exit.

ArtofFX

Looking to get long on a break and retouch of this wedge on the UCHF. Id like to see .9400 first upon a break

ArtofFX

Simple price action. Should be good a a 100 pips or so. Parameters on the chart

ArtofFX

All the signs are saying short at the moment. Nice wedge with strong divergences. On the daily no less. However price is at a strong support at the moment, so its best to let it clear this level. Furthermore dont look to short on a break, have patience and short when the price action retouches the underside of the wedge. This often can lead to a new high so...

ArtofFX

Granted this IS a monthly chart so very long term, however the EURAUD has come to major resistance. I would expect a nice fall at some point. Could have a safe stop well above 1.55 and target the 1.50 area for starters

ArtofFX

The EURO could be temporarily topped here or it could meander around wiggling its way up for another couple hundred pips to maybe 1.39-40 area. The overall thought here is that the EURO will make a larger move down soon. The arrow exaggerates my thoughts a little, I would like to see 1.30 first. This is a weekly chart so this can take a while to play out. ...

ArtofFX

Looks like AUD is gonna have a hard time finding support until this highlighted square. Especially if it doesnt bounce right now. We have tons of bullish divergence across all time frames, but the fundis are winning right now. RBA says .8500 would be a better spot. I think we can see a solid bounce in this .8850 area. Good luck

ArtofFX

About to take a long here on the AUDNZD, nice wedge with double divergence. Will wait for a break

ArtofFX

Triple divergence. Wedge. Great long set up

ArtofFX

Nice daily wedge with divergence here. Looks like the Euro will continue to show strength here. Good be a nice long opportunity provided it breaks out

ArtofFX

Looks like we could be heading down to .8800 area before any significant bounce.

ArtofFX

I would like to see a retouch of the neckline to try a short here, it may or may not happen but if it does retouch the neckline Ill be targeting the 1.7800 area.

ArtofFX

Even though the GU has broken south out of the larger channel it seems to be making a possible bull flag. If this is a bull flag I would like to see price work its way down to the 1.6250 area, which is former double top resistance turned support. I would like to long around that area looking for another move into the 161.8 of the entire move around 1.6800. I...

ArtofFX

A couple of options here. A possible Head and Shoulders...its not pretty but Ive seen worse. In my opinion its the obscure ones that have a better chance of playing out. We also have the potential triangle which could push us higher. This is why its imperative to wait for a solid break and retest of the pattern. Id like a long off the bottom trend...

ArtofFX

I dont think its going to break this round, there is nice bearish divergence and very apparent rising wedge. Id like to see a good bounce and then a fall out, but Ill take a break and retest at anytime.