obeyandrewk
Potential long The confluences are looking nice, including the EMA which may potentially hit the trendline along with the FIB
Possible long? - I know what you're thinking, "You just posted EU shorts, why are you posting AU longs if they're correlated?". I just trade what I see regardless if they're correlated or not. I've seen sometimes AU and EU move in opposite directions completely and I've been in trades where I have been long on AU and short EU and won both or lost both trades....
I understand this trade is likely to be a loss. Its against the trend and ideally our entry should be at the Orange zone. However, I've noticed that sometimes potential trades that seem bad can have good outcomes. Although this trade has much less confluences it at least has one which is that it is at a major zone where price has reacted many times before.
Just an idea, saw a flag pattern and looked quite nice. momentum is still bearish however so I won't be in this trade for so long. I would probably exit this trade before it touches the EMA.
Euro/USD I'm not in this position or am I placing an order for this position. I want to see how this plays out however. This level is a support now resistance level looking left, we are currently in a downtrend since the 21st of October, we've broken past the 100 ema
Potentential short. Why? this area seems to be a strong pivot point. Looking left you can see price has pushed to the downside quite heavily, this indicates selling pressure around this area and therefore I'm expecting price to react at this level. Price may not push all the way down to the bottom zone please be aware that price may push down to my target and...
Potential short. Head and shoulders pattern formed and a bearish flag pattern if you where to go down to a lower timeframe.
Potential long, market is closed however.. could be looking at a long posistion here at the 61.8% fib
Potential long position at this area. with continuation of the trend + 50% fib level