Audusd4hr
dont click or elseaudusd has been seeing some upside within the recent bottom that formed since early 2015. Last month gave us a bullish engulfing and currently we are testing the neckline of the larger h&s pattern since June 2015.
A break above will mean a large move to the upside targeting 0.8150, May 2015 highs. Near term pullback should be cushioned at the 50 MA around .7490
lets see
AUDUSD 4H ShortA nice shorting opportunty on the 4H timeframe where you see price is hitting a trendline as resistance. The upwards sloping red line is the meridian line of a daily pitchfork. if you are conservative wait for break to the downside.
I noticed theres a possible AB=CD pattern which would complete at the 50% fib level.
Should price fall and hit the red dotted meridian line of the 4H pitchfork taking partial profit might be a good idea as price could climb back up to the upper trendline.
As an addition to this, there might be forming a bullish butterfly on the hourly which if it is will have a very strong D at the meridian line pitchfork.
Goodluck
AUDUSD short term positionMarket price has been on a steady uptrend since the 5th of 2017 but momentum stoped its upward move on the 17th of this month. Momentum has been creating lower highs and higher lows since then. Momentum came back up to test the .001 level and is looking to break the lower trend line. On a break of the lower tend line a short position will be available with the 200 EMA (blue) acting as a TP.
Australia's Nasty FallThe battle between the multi year downtrend and the one-year uptrend has been won decisively by the LT downtrend. Recent weekly closes below 0.7625 level add clarity, however price structure and momentum triggers had already provided a host of evidence that confirmed an impulsive negative weekly outlook. Initial targets lie 0.7300
all the best with this pair in the run up to the New year and please remember to like and comment your views, they are much appreciated!
Potential Cypher Pattern Completion AUDUSD 4hrThis chart is truly self-explanatory if you are long before .75000 at this point, Contact me to notify your willing to Paypal.me the capital you will otherwise be losing in this market lol. Believe me don't beat yourself up over the holiday season spread the cheer!! lool.
AUDUSD SWING SHORTHey guys, last week we saw a break of the upwards trend-line by the weakening of the euro. Now the Euro has regained strength some what and is about to challenge the trend line again but from underneath (making it a swing). Its is highly likely that we will see a rection in the 1.49 to 1.495 area as it is then the trend line will get challenged, we should expect to see lows of 1.47 and even lower to maybe 1.43 level in the week/s ahead. Good luck