We have seen price fail to trade above key levels. Overall trend is still down and as always the trend is your friend. Bear for now
Nice whip up today in the Asian session which was met with resistance. Wait for completion on H&S pattern for added confluence, but I am jumping in for nice risk to reward
The price action says it all, moon suit ready
-Trend is your friend -Bearish price action last week, this weeks retracement offers a nice risk to reward trade to jump in
Good risk to reward trade, pair looks like it is poised for the next wave up
BTC had a nice run up of late and money will hopefully flow into the good alts. It seems that support is being respected, ideally would enter the trade at the close of the daily candle.
-We have seen a nice whip up to test the lower bound of the weekly uptrend which has failed. -AUD has rallied recently into overbought territory in my opinion as the market has already priced in a rate hike, -however we are likely to see the RBA downplay this on Wednesday as there are still many uncertainties. -I can see distribution happening at these levels and...
Yes we have seen a breakout from the descending channel, but I am not convinced and there is plenty of signs of weakness. Price action is also bearish on the larger timeframe, bear for now
DXY been pretty bearish recently, nice whip up to add in more shorts before the bearishness continues
Pair is in consolidation, we have seen a failed break to the downside and a failed break to the upside but I have to go with bear. Annotations on chart.
We could start to see some serious USD weakness starting from tonight
If price can stay above 1235, a good risk to reward long term trade here