adriel.arrasmith

adriel.arrasmith

This is a very high confluent trade with fundamentals to back it. 1. SSI Index showing high percent of retail traders short 2. Just completed D of a AB=CD pattern 3. At the .618 fib level of the last leg 4. Holding support at a prior resistance area. 5. Divergence of the 4 hour 6. Also, you can see the trendline is holding as well 7. AUD news coming in about 24...

adriel.arrasmith

We just ran into some resistance at 1.548, which was a prior support area. Also, we have a bearish wedge with RSI divergence. Finally, we are at the .786 fib level of the last area and have a crab pattern that has completed as well. Keep in mind we have also not officially retouched that major broken trendline on the daily. I am going to stick to the trend here...

adriel.arrasmith

There are many technicals at play here as to why i'm short from 1.469. I am targeting 1.433 where we have some prior resistance, fib level, and where AB=CD.

adriel.arrasmith

We have a small triangle that was broken out to the upside then retracting creating a false break. Now we have broken the bottom of the triangle opening the floor to 2.01500-2.00. You can the rectangle on the chart with multiple confluences of where we should very well see support.

adriel.arrasmith

The dollar is at a pretty huge level to potentially pullback at least if not greater losses. Currently, the USDCHF is at the 50% of the last leg and also right under the 200 ema on the daily. You can also see were are consolidating pointing to a big move one way or the other. Once we break this 1 hour trendline I'll be looking to sell or wait for a retest to sell....

adriel.arrasmith

AUDNZD has reached all time lows. Price action has now rebounded slightly and now retesting the broken trendline/prior support. You can see we also closed the week as a pin bar. I am expecting to now see 0.9800-0.98500, which is where AB=CD and the 1.618 fib level of the last leg.

adriel.arrasmith

notes are on the chart. We also put in a head and shoulders on the 4 hour chart/diverging confirming a bounce.

adriel.arrasmith

Notes are on the chart. We should very well test 0.85.

adriel.arrasmith

Notes are on the weekly chart. We are also diverging on the daily rsi. Very good r:r trade.

adriel.arrasmith

I'm sticking with the overall major trend here even thought there is sellers. This is a large supply area where we coincidentally tagged a trend line right above the 50% fib level, which is known to be a huge support area in itself. Should be a nice ride.

adriel.arrasmith

We have a pin bar on the daily that closed so that's why i'm long and then a bullish engulfing shortly after, but I wanted to show this on a smaller time frame. We just broke the trendline on the 1 hour and put in a head and shoulders. I am target the 1.145 area

adriel.arrasmith

We just finished a bat pattern and closing with a 1 hour pin bar. First target is at least 1.422

adriel.arrasmith

AUDNZD short target

adriel.arrasmith

Long from 1.44050. We have multiple inside pin bars here at a huge support level. I think 1.445 is very possible in the next trading days and from there the trend may continue down, but we'll see.

adriel.arrasmith

Showing a 4 hour to showing the rsi break and price channeling down. I was previously long, but now short.

adriel.arrasmith

Notes on the chart. I am long :). Update: so strange that i'm doing this, but I closed the long trade and going short. I'm convinced were going down....looking at eurnzd and gbpnzd as early indicators. 2nd Update: Closed small short scalp and now long again.

adriel.arrasmith

The NZD is about to take a turn across the board. EURNZD completed a shark pattern. Also, at a recent trendline. Finally, a pin bar closed within the 8/21 ema. I am long :).

adriel.arrasmith

All the notes are on the chart.