


fugutrader
PremiumHigher lows made in previous downtrend. Could be a bullish turning point with a well defined failure of reversal and continuation of downtrend being the downward penetration of the previous pivot low
There are well defined entry and failure points for either Long or Short trades. It is testing significant moving average levels on the larger and smaller timeframes so wait for confirmation by price moving significantly away from them before entering a position
AUDCHF has pulled back from its larger time frame uptrend and is now testing major moving average support levels. Providing it does not oscillate around this level, there are well defined entry points to commence either a Long Swing Trade or go Short at the failure of support.
Wait for confirmation of break of support before entry as there is a high likelihood of uncertainty and volatility. Will likely want to explore the nearest support and resistance levels
Price consolidation so could indicate some pre-reflex price activity. Use a tight trailing stop to prevent being on wrong side of possible continuation of Breakout
The Kiwi is in a Bullish phase at the moment with higher lows and higher highs. It is a potential breakout pattern in a state of constricting volatility which will make it very sensitive to any new information such as the upcoming Economic US News event
Possible Reversion within the Triangle with an increasing chance of a breakout as price approaches the Apex which coincides with upcoming news releases
Possible Swing trade in direction of current uptrend if price bounces off support. Well defined stop loss /trade failure level being the break of the trend line and a possible longer timeframe reversal
MACD Divergence indicating momentum slowing. Short target until reversal confirmation
Watch for test of previous pivot low. If price breaks below without reversing will likely continue downward movement. Presence of Divergence on MACD indicator shows possible reduction in bearish momentum
Triangle pattern with lower highs and higher lows indicating indecision with a containment of the potential volatility until new information allows informed and committed decisions. Should see some strong moves
Extended retracement after bullish fundamentally driven runup entering into Consolidation phase. Finding support at important 0.618 Fibonacci level. Aggressive traders might bet on it returning to the previous recent highs. There is also a Divergence on the MACD indicator showing a slowing of the bearish momentum. Observe increased Volume as confirmation of buying...
Prepare for retracement break-and-fake back to Triangle pattern, Falling through prior recent low tests would be strong bearish sign in short term. If it succeeds in revisiting top of Triangle pattern, a continuation of larger timeframe uptrend is likely
A period of sideways and down consolidation after a powerful bullish runup. Conventionally, the target is determined by the length of the price runup (flag-pole) that preceded it. Recommended to maintain non-directional options by bracketing both sides of the flag with stop-in levels
High likelihood of retracement of last pivot high rejected. Acceptable Risk/Return ratio
There is a Divergence on the MACD indicator which might indicate a weakening of the price bearish momentum. If it holds above the channel low there is a high probability of a reversal to the top of the channel
Tight stop-loss which indicates continuation of bullish activity. Take profit at differnet intervals dependent on risk appetite
GBPJPY is approaching the 9yr highest level and is likely to want to test it. If it exceeds it and then retraces below, there is an opportunity for some short trades with sufficient indecision driven volatility to the downside before a possible recommencement to new highs