Bow91

Bow91

The chart is self explanatory! Happy trading :)

Bow91

Hi Traders, As per the Daily Chart, we can see that AUDJPY is trading withing a daily descending trendline. As per the 4 Hour Chart, we initially saw a break of the ascending trendline, a retest and then an impulse to the downside. The pair has now retraced to our Fibonacci levels, RSI indicates the pair is overbought and the pair continues to trade within the...

Bow91

Hi Traders, As per the graph, we are bearish with this pair. We can see a clear break and retest of the ascending trend line. The pair then impulsed to the downside and has since created lower highs and lower lows. I would like to like to see a retest of the descending trend line and another lower high before entering a sell position. Happy Trading :) If you...

Bow91

Hi Traders, We are bearish with this pair for many reasons. As per the graph, this pair has broken the ascending daily trend line. This pair is now impulsing to the upside and we should now see a retest of the ascending trend line which is also within our Fibonacci levels providing strong resistance. We can also see that this pair is trading within a descending...

Bow91

Hi Traders, We have a bearish outlook with this pair. As per the graph, this pair broke our ascending trend line. We should now see a retest of this trend line and our Fibonacci levels which is an area of strong resistance. This pair is also within a strong weekly trend line which provides even more resistance. Also, we can see from the graph that RSI is...

Bow91

Hi Traders, We have sold USDCAD for many reasons. As per the graph, this pair broke out and retested the ascending trend line. This pair is respecting our Fibonacci levels which is also a key area of resistance. This pair is also trading within a weekly descending trend line as per the graph acting as strong resistance. We can see on the daily chart, RSI...

Bow91

Hi All, This pair has broken the weekly ascending trend line. The pair then pulled back to an area of strong support/resistance and seems to be respecting our FIB levels. On the 4h chart, we can see that the pair is failing to make higher lows and higher highs again confirming our bearish outlook. Happy trading :)

Bow91

Hi All, This pair has broken the daily descending trend line (as per the daily chart) and has retested and rejected this trend Line (as per the 4hr chart). We can see higher highs and higher lows on the daily chart and a bullish daily RSI. Once this pair has a more confirmed impulse to the upside, it will then confirm our bullish outlook. Happy Trading :)

Bow91

Hi All, This pair is currently in a consolidation period. If this pair breaks the daily ascending trend line, I will be bearish. I would like to see (1) a break of the daily ascending trend line (2) a retest of that trend line (3) a rejection/pullback at the fib levels (4) a confirmation of bearish RSI Happy Trading :)

Bow91

Hi All, Initially, we saw a break of the monthly descending trendline. Once it broke the monthly descending trandline, it accelerated just above the monthly 50% Fib level and we are now seeing that this pair respects this strong area of resistance and Support and thus a bearish candle confirms that this pair is retracing at this level. I expect to see this pair...

Bow91

Hi All, This pair has broken the weekly ascending trendline, and is now in a descending trendline. On the 4hr timeframe, the pair is retracing at the 50% Fib retracement level which is a key area of resistance and support. Also, RSI confirms that the pair is over bought. Happy trading :) t level.