Nothing special here, just expecting a strong bounce! But trade is based on Dollar index 5th wave down.
Just for my own record. As I am already short this pair, and will add to my last short around 138 area! Still planning to add my last short around 13830 instead of 138. Stop loss will be decided then!
Short between 141-142 with stop loss above 143.30 and target around 135
Seems like all I need is patience. By far the largest position I am holding as R:R is really great. So far not moving, might spike to trigger stop loss. I will add to short around 9300-9320 and stop loss will be above 9380 for now.
Looks to me a megaphone pattern. Buy dollar, Buy Yen and short the world.
Will the history repeat itself or this time its different. To me technically nzdcad is a short big time even though NZD has been very strong recently!
GBPAUD should be bought between 179-181 area, as Aussie weakness is expected going forward. Best way to trade these monster pairs is to keep your position small and gradually add on dips. GL
Not really wise to short the strongest currency against the weakest but R:R ratio allows me to take a punt!
Expected price over the next few weeks is 85. We came so far and now there is no point of starting a upward trend without testing the multiyear trend line. I will look to buildup a position in AUDUSD between 82-85 level. depending on price action.
Chart self explanatory, Target is around 650 and stops should be above 838
Looks like a big bull flag but seems like another down move is due before this moves higher, stops should be above 8350.
Analysis are done on a weekly chart, Seems like a push upward could start any time now!
Medium term view. Short around 1825-1840 area with stop loss above 1860 and Target 1690-1705.