THIS FUCKER LOOKS JUICY AGAIN, FUCKED ME BY A COUPLE PIPS LAST NIGHT SO I'M NOT SURE ILL BE TAKING THIS ONE BUT WE WILL SEE WHEN PRICE GETS BACK DOWN THERE
LIKING WHAT I SEE WITH PRICE ACTION HERE, YESTERDAY TOOK OUT AN AREA WHERE STOPS ARE RESTING AND THEN REJECTED A KEY WEEKLY LEVEL I HAVE LAID OUT(PURPLE LINE). LOOKING TO SHORT IT WHEN IT GETS BACK UP
price action box formed near monthly level(blue) and rejection from level already seen, might short this once it gets back up there
Price right back to 50% of the range (yellow). Took a nice bounce off has a weekly(purple) and daily(yellow) levels for support. Wait and see PA from here; if price cannot make a lower low a long is valid for me
Price rejected the 50% of a previous consolidation (yellow) last week, friday's price action took out a bunch of lows but did not make a new low. To me, this says it was a stop hunt and we are poised for higher prices; at least taking out the high made on the 4th.
Price reached up to the top of the range(white line) it is in and rejected a previous set out daily level(orange), will be watching PA and expecting the dollar has made the high of the week today or briefly tomorrow.
Price took out short term high, shorting on gap fill into the 50% of last daily up candle before the move down. Stops have been building below market past 3 days so I want these to be taken. Expecting an explosive move down so will be cutting trade if it doesn't move my way fast. Last trade of 2017; hopefully my order is hit and its a good one.
I would like to see Aussie break back into an old trading range, retest the top of the range and get short, this all hinges on my dollar bullishness and if there are enough people left trading to move the market. I would also see a move up to take out last week's high as bullosh and would look to short from there as well. Additionally there is a void(rectangle)...
Ideally this is what i want to see in EURUSD tomorrow. Price rejected the 50% fib heavily in addition to taking out Friday's high. CoT reports indicate commercials are heavily short on the Euro. I won't be hopping on right away, will wait to see a rejection and hopefully hop on board and take it at least to the bottom of the range. Hoping there are enough people...
Thoughts for the US Dollar this week: Price rejected the 9330 handle heavily on weekly. On the move down to 9330 price took out a couple of the previous days lows which leads me to believe it will no return to 9330 before making a new high. In addition to this price action the FED imposed another rate hike this week which confirmed my bullishness on the dollar....
AB=CD + support + possible right shoulder on a daily... i'm in!
CURRENTLY IN A RANGE, LOOKS LIKE A WEDGE; WILL TAKE A SHORT NEAR THE TOP AND HOPE IT BREAKS OUT TO THE DOWNSIDE; I WILL TARGET NEAR BOTTOM OF THE CURRENT RANGE
LOOKING TO SELL THIS PAIR BELOW IMMEDIATE DESCENDING TL IF ASCENDING TL IS BROKEN