


price has broken out of the downward wedge (yellow). Im now looking to see how the pullback acts and plan a future trade. 1. price to run up in the blue channel which would have a price target of around 2.9% higher. 2. Price continues to fall and form the shape of the grey wedge which would give me a target 1.6% lower.
posting for my record of trade and chart.
Looking at this possible divergence reversal
Looks to need a bit of repricing. looking at price action to make its way to the top of this wedge.
short on the pull back ----------------------------------- trade closed.
On the higher time frames price is moving up out of a large double bottom base. I dont like to take a long term position in this pair but am looking at price to move to the upside of this current trend channel after is has now tested the support zone twice. I feel its free to move up here with target below suspected reversal...
Selling short on harmonic Gartley pattern short set up. Target is a return to the green trend-line or 150ma area.
caution required with this pair and my broker doesn't allow guarantee stops on this pair. to limit my risk ive placed smallest trade size of only .5% risk of account. Price is rolling at the top of this squeezing in this wedge. It could break out to the up side but i favor the short side with a down trend in place and a fundamentally lower AUD outlook. get a...
RSI is showing divergence to favour a move up, but not a trade ill take. the larger trend is down and if price moves up to .753 area I will be getting on the short side as I see it being a good resistance zone.
i like the chance of a double bottom here. divergence on macd and rsi and the resilience to the big sell off in gold has not carried over on a base metal usd correlation.
watching for a pull back. possible short term short but will buy at lower levels to join uptrend.
12 Weekly candles gives me a valid uptrend and I can draw a trend line to. will go short on the break of this trend line looking for price to conform to the larger down trend channel. will update if position taken.
Waiting to see what happens here, will update if entry taken. see similar set up posted with aus/nzd a while back.
looking for a pop up to 1.37 then a trend break for a short entry. will update if entry taken.