AU
Bearish Bat near Completion NUEven though it formed a double bottom from at points A and C, if you drag your fib from A to B the candles closed just over .886 which validated this bearish bat pattern. Looking for a push up between .7230-.7245 before taking a sell. First TP would be 38.2% retracement, Second TP would be at the 68.1% .
Extra confirmation
1. Testing a daily resistance point at .7225
2. Divergence from X to D on a 4h chart
3. Supply Zone from .7260-7230
Would Love some feedback & thank you guys
Good luck trading
Many signs on GoldTechnical signs of a gold rally:
-Support of 100d MA;
-Support at 38% retracement of 2016 rally;
-Support+ Hook at RSI;
-Hook + crossing at stochRSI;
-Harami candle pattern;
These are still early signs, so one need some confirmation through some bullish candles before one consider entering long here. A entry is shown at chart.
AUD/USD possible short scenariohere we have a good oppurtunity to short Aud/Usd and possibly most other AUD pairs as it is extremely overbought and has also tested the weekly trendline resistance and dropped. Right now, we have a possible H&S pattern on the 4 hour tf and price is right under a 4 hour trendline resistance and also fib 61.8 resistance. Very good risk to reward on this high probability setup so lets see how this plays out.
A swing trade to put on autopilot while you continue to day tradIn my humble opinion there is not much I dislike about this trade. There is a strong move in, a strong move out which signifies a serious imbalance in price. As with my other trade ideas, the black lines are my entry zone, the red line is the stop, and the green line is the profit target. Keep an eye on the arrival. I don't like seeing too much basing as price trades to my entry. I'm confident with the amount of imbalance, price shouldn't have a problem trading out of the area even against small pockets of resistance.
AUDUSD short due to 4hr double top. Near end of 618 retracementNot only do we have a double top in effect on the 4hr chart, but we are hitting resistance as well on the daily chart. The USDollar also looks like its hitting support on the 4hr, so i'm looking for a rally there to confirm the drop on AU. The 618 fibonacci buy retracement on the 4hr also looks like its coming to an end. AKA our 5th leg of Elliot Wave.
AUDUSD DOUBLE TOP WITH DIV SHORT SIGNAL H1After break of trendline, price went up to the supply zone, created a double top formation, and we see bearish divergence on the rsi, you can entry right away after candlestick confirmation or wait for break of neckline. Stop above supply zone, exit at 0.72860
AUDUSD STILL DROWNING AU STILL travelling South, I shot AU @ 0.7681.. and now that DOLLAR is gaining more strength - I will hold my short for a while. I wont get off until 0.7300 or 0.72 somewhere around there ;) but watch out as AU might pop a little till around 0.75050 and then down again.
Happy trading y'all
Dr.
short AUshorting AU due to:
- bearish pin bar on 4hrly, followed by bullish attempt to break and hold above 100Ma (4hr) which FAILED to do so.
Following candle was bearish engulfing 4 hourly candle.
Short with stop above the high of first candle mentioned, Target at 0.618 retracement of last swing up - just above 0.69