ashddylan

ashddylan

I'm still short in this pair and I'm looking to exit the trade in the 0.98178 area, from this point I expect the price to break from the falling wedge and retest the 1.03387 - 1.02401 zone.

ashddylan Updated 

Price as a whole is in a symmetrical triangle coming from a very strong downtrend since late 2015. Price is currently and has been in a rising wedge since OCT 2016 and it is due to breakout JUL/AUG time with a bearish bias. Watch closely when price retests the 1.10158 area.

ashddylan Updated 

Would have liked to sell at 61.8% Fib but unfortunately missed the entry, I have plotted another possible opportunity to sell on this pair. Price could very well fall further (1184.31/1127.70) but I'm staying safe for the time being

ashddylan Updated 

This is an update to my previous USD/JPY chart, this is an overall outlook of the pair and where I think price is going next. As you can see it has recently passed monthly resistance and is getting close to the downtrend line that price has bounced off of before, from this point I can expect the price to head downwards as a result and continue it's decent to...

ashddylan Updated 

Very broad stop but we can lower it if the price moves accordingly.

ashddylan Updated 

There are two different take profit levels on this one, the first is 1.45443 and the second being 1.43791. Price could find support at 38.2% (near old support and resistance) so it's good to stay prepared. After the price gap and huge rally of EUR/CAD, it's due a fall. The EUR looks likes it's lost it's steam and is approaching a major trend line, my Stochastic...

ashddylan Updated 

Wait for a pullback to previous resistance and if price finds support there, go long (4hr Chart). Any other bullish indicator in that region is fine too (114.297) TP 1 - 145.399 TP 2 - 146.357 TP 3 (Target) - 147.280

ashddylan Updated 

Although I think the price will ultimately fall, here's another possibility. If the right indicators present themselves and you go long, here's the profit levels I recommend taking. TP 1 - 17.582 TP 2 (Target) - 17.957

ashddylan Updated 

TP 1 - 52.45 TP 2 - 52.89 TP 3 (Target) - 54.41

ashddylan Updated 

Entry - 49.37 ( or 49.55) TP 1 - 50.12 TP 2 - 50.78 TP3 (Target) - 51.59

ashddylan Updated 

Wait for the next candlestick before taking the trade, you can enter now if you wish but it's not enough confluence for me. - Trend Line Breakout - Support - Upwards Channel (If it bounces from this position) Are my three confluences

ashddylan

If price breaks 111.687 go long until it touches the channel.if price breaks the channel go long till 114.107. If price falls go short to 110.177, if price carries on from this position take profit at 108.130. It's also possible for the price to proceed further and touch the bottom channel.

ashddylan Updated 

Possible entry at 17.396 and target at 18.443

ashddylan Updated 

Within the Handle of the Cup&Handle pattern, we've seen a retrace at 23.6% Fib. If price stalls at 61.8% and shows the right indicators, it could be a good position to go short before going long for the breakout. Watch the next few candlesticks closely, I'll keep you all posted.

ashddylan Updated 

I'll be entering the trade when price breaks out from the wedge, stop loss where price rebounded from the up trends support and take profit at the top of the wedge. The price may stagnate a bit at 1.08323 and 1.09660 but my target is still the same. I will be cautious at 1.09660 and may even manually close the trade to secure profits.

ashddylan Updated 

This is a private trade of mine that's halfway completed but the price is now retracing and it's a good place to join in on the fun.

ashddylan Updated 

Watch 1.03500 very carefully, resistance dates back to 2014! this could be a very strong sell indicator. I'll keep you all posted when we approach this area.

ashddylan Updated 

There's a smaller cup and handle pattern that resulted in the big boost that GBP/AUD had yesterday, I've spotted an even bigger one that engulfs the original pattern and it's due to breakout any time soon. I'm currently expecting a retracement to 50%-61.8% Fib levels(Handle) then a big push to 1.71719, a bit of struggle and a possible small retracement then a...