I suspect that the glass is beginning to break..... but waiting to see how it reacts here... if it breaks the consolidation range I normally let it run 50 pips and pullback give the bullish formation and go. If it runs we are long back to 83500. Pull to break even when you get 100 pips. If it does not break it we are going back to the bottom of consolidation. ...
I am waiting for price to break the CTL. Looking to buy on a retracement into the buy zone range, which is approximately between 1.3970 and 13877. Buy a bullish formation within the range after the CT line break bullish. Trade price back up to resistance target at 1.4187. Place the stop below the latest low at approximately 13860. Thanks!
Trading back to the .382 retracement on the daily chart....
Buying established levels of support. looking for the break above 74 to establish bullish pull to ,80 which is the .382 of the daily retracement zone. Instructions on how to get bullish on the chart if you are not already on the trade from lower.
I will update. Thanks
We have hit the D on the daily chart at 1.9811 and are looking to trade the retracement on the 4 hour chart from the 1.127 fib back up to the downtrendline. I am looking for bullish patterns and with the break of the countertrendline I will be long back to the outer downtrendline on the four hour.
We have been stuck in pennant this week with some limited ranges between the entry at 6562 and the take profit at the blue line up above this chart at .67. I am leaving the buy and looking for the break of the blue line at the top of this pennant and pullback to it and go long to .70 this week. Have a great week!
Trading back to the .382 area on the daily... Will watch price but looking for about 114. Will profit take and then sell it down when we have a bearish candlestick formation. The reason that I am long is because we reached the end of the retracement zone on the monthly.
The break of structure at 2.04 provided a nice trade down into the 1.99 area. I am waiting for confirmation and a trendline break below 202 to reenter the short. Will watch aussie price action and probably look at this again on Sunday evening for the short. Great weekend everyone!
I see AJ in a channel with a beautiful morningstar providing us with the upmove off the bottom of the channel We were preparing to take this long as it broke a pivot line at 81.84. The bullish structure did not set up so we were not in the trade long. Instead, we now a daily close in the formation of a dark cloud cover. I am looking for additional selling on this,...
Continue Selling on Pound Australia.
I am selling at the downtrend line on the two hour chart. stop above the high of the last candle. Sell down into the 92 area. This should be just a day trade for overnight and tomorrow. Thanks!
I began building this position one week ago. I've added several new lots at the back side of the daily downtrendline at 1.4244 (yesterday Jan 27) I am continuing toward 1.4495 this week and eventually, if the dollar selling can continue I will take this all the way to the 148 area. Happy Trading everyone!
We appear to have some very nice bullish engulfing candles to the left side of the left shoulder of this potential crown. We had excellent selling last week down to the levels of support at 16550. For this week I am trading bullish to form the right tip of a potential crown formation and then following development of that structure, selling into the 150 area to...
With possible square ups in play, as well as the bullishness on pound, I am long 2.12366 on this pair back to near the channel top. IMF meetings tomorrow though the weekend may cause increased volatility, so I likely may remove it before COB Friday.
I've entered a long position on pound australian from 2.12366 with potential retracement back up to the top of the daily channel. I will come off of that trade at 2.14500, 50 pips shy of the channel top and the bottom of the resistance range. I likely will attempt to run the trade through Friday square up and then will remove it as the IMF meetings which are...
We are 145 points from the return of dollar to the resistance line. I am trading Pound and Euro longs from the corresponding areas and am holding. I am not on Australian Dollar because of the oil drop, as I anticipate oil to cause a lower price on australia. Holding USDCHF, USDJPY, and Euro and Pound through the fall. We've almost tagged teh support at 11878...