I would like to see a drop( break of upward trendline) from the daily falling trendline here .. .2 support zones could lead to a chopy way down so be aware a rejection there is likely .. another possible scenario is a move higher and a dip in the supply zone from daily chart could get a little tricky we will see
Short it if requirements on the chart are met. GL
Good morning traders! The .7525 figure marks some strong resistance. A spike through may be matched with quick selling. A reversal here may be good for a quick 20, 30, even 50 pips. Up to you how you trade it. Enjoy!
Short above weekly R3 pivot 0,7340 first target is daily pivot 0,7322 then monthly pivot 0,7295. Stop loss 0,7372 daily R1
Previous short-term technical outlook: With the previous short-term technical outlook playing out perfectly as strong selling came in below the short-term support at .72. Buyers stepped in swiftly just ahead of the projected strong support at .7145. The resistance trend line has been broken and we now wait to see if the backside will hold as support. If it...
Hello Traders, Todays (12-14-16) Fed rate decision was to raise the interest rate and to continue to do so throughout the next year. In light of this recent decision AUDUSD has given us a big short opportunity. A High Probability target of 0.70474 clusters nicely with an AB=CD pattern. On a smatter time frame I am looking for a small retracement here to enter...
Yesterday's short-term technical outlook: Good evening traders. Yesterday's outlook suggested that we will remain bearish if we sustain below .728 and that selling upticks would be preferred. Without surprise the short-term intraday rally was quickly rejected around .726 and then price continued to the downside to break new lows. Price stalled out at around...
Hello traders! As long as AUDUSD remains below .7311 we will expect to see continued downside. This pair is extremely oversold so we are due for a pullback, which may make for some nice shorting opportunities. Selling upticks will be preferred on this pair until .7311 is broken. Enjoy!
Hello traders! Given the AUD weakness over the past few days we are only looking for selling opportunities. This .737 level as you can see is a nice area of institutional support turned resistance. You can see that institutional traders were previously buying every time price dipped into the level and then once the level was broken sellers came in on the backside...
Possible ascending triangle. Look like a good opportunity. Use your own entry technique.
Waiting for a bearish engulfing candle before I setup a short stop order for this pair--entry near BB with TP on current base fib level and SL near recent highs. Pair is currently ranging in 1h chart, but continue its downtrend soon in line with current resistance on higher time frame charts. www.fxempire.com D: W:
Long term short. Close SL Expecting to hold for a few weeks Interesting R/R ratio Looking like a strong USD
Made a nice profit with the last move in the related ideas. It came up again and is likely looking to hit the mark shown on the chart allowing yet another brilliant entrance for the short. Red arrow doesn't predict exact time or price, only general direction for simplicity. Enjoy.
This is just an update on a smaller time-frame for the related idea (link should be below) Seems like a reversal zone here. Good place to add to your shorts or a good place to short if you missed the original entry.
As you can see from the related idea, a lot of money was made within the previous structure and upon the exit of structure. Textbook moves, very easy to read. (I may have typo'd in the title of related idea lol) Here we have another very simple move. I don't need to explain much so the simple rules of this trade are as follows if you have not already entered: -...
Here we have a bearish bat on the aussie-dollar. If look at the chart on a larger scale, daily or weekly, you can see that price is in a down trend. Price is currently pivoting along a line of support- this should act as resistance for the retracement. This gives us extra ammo in our reasoning for the short entry. Our first 2 retracements of 50% and 59.7% indeed...
Price has flattened here nicely, i'm projecting the next move here to be down to continue the overall trend. Sell the breakout but be wary of the price action around the wicks below the support line. Trade responsibly.