AUD/USD is showing major resistance off the Daily Supply Zone. Broke back under 200 EMA and Counter trend trend line. Next week will be interesting!
We have a 2x Top printed off the 200 EMA on the Daily chart and a 4 Hour 2x Top break of the neckline and retest in confluence with a retest of the 200 EMA + Trendline. Next week will be interesting for this pair to see if we get a confirmation to enter short on this trade.
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Analysis from our Telegram group! No entry yet, standby
We made 300+ PIPS since last week in our group!! We will be releasing our Advanced Technical Analysis and Day Trading Strategy course soon, in the meantime... ...if your interested in deciphering our analysis and staying updated on entries join our newly made telegram group so we can grow together! t.me Follow us on Instagram and Facebook @ FXL_Style...
Extended 5th Wave. -0.27 & 88.6 FIB. Major Resistance Zone. We will be releasing our Advanced Technical Analysis and Day Trading Strategy course soon, in the meantime... ...if your interested in deciphering our analysis and staying updated on entries join our newly made telegram group so we can grow together! t.me Follow us on Instagram and Facebook @...
We will be watching this pair closely waiting for more bearish confirmation. The close of the Daily candle should be great confirmation alone with long wick. We made 300+ PIPS since last week in our group!! We will be releasing our Advanced Technical Analysis and Day Trading Strategy course soon, in the meantime... ...if your interested in deciphering our...
Technical analysis for DXY shows an inverted Head & Shoulders on the Daily with price near the neckline attempting to break it, expecting pullback will be to broken 38.2 FIB before breaking the Inverted Head & Shoulders neckline and off we go!! Also the weekly chart printed a nice Bullish Engulfing candle. Our group made over 240 PIPS this week off of 4 Trades....
Price dropped aggressively from retest of broken 200 EMA, previous 3x Top neckline and as well as the pitchforks trend line that was broken. Price broke through 61.8 FIB, will be watching for slight pullback to retest 61.8 FIB which will also retest broken 2x Top neckline. RSI bounced off 50 Level, staying under. The dollar is gaining strength thanks to the...
We originally analyzed going short with multiple confirmations as most people expected USDJPY to drop forming the Right Shoulder. But price decided to fake us out by forming a inverse Head & Shoulders trapping sellers and the Fed Rate increase also fueled the fire. Took a 40 PIP loss but instead of crying about it we saw an opportunity to go long with a 2x Bottom...
Our analysis from last week has us watching this pair closely along with others. We saw a break of a long Daily Uptrend Trend line, break of 200 EMA and retesting both while forming a 2x Top at 61.8 FIB with bearish divergence on the 4 Hour chart confirming our entry. We are currently up 40+PIPS on this trade and holding it over the weekend. We are pretty...
Our NZDUSD analysis last week predicted two possible moves, so we watched closely alongside AUDUSD because of their strong correlation and both gave us a strong signal to short at the same time. NZD bagged us 70 PIPS+, and AUD another 125 PIPS+. One of our confirmations to enter was because of AUDUSD but at the same time if you look on our daily chart price kept...
Attached is our analysis from last week predicting Aussie dropping PIPS like flies. We expected the reversal to come sooner from the Supply zone drawn on the chart in Red, where the green circle is but entered when price retested the 50 FIB and formed a 2x Top and then broke through 38.2 FIB. Wish we entered on the retested 2x Top neckline but can't always be in...
Price may go both ways. Weekly chart shows a nice bullish bounce off a supporting range zone from about 2 years now. Now price is mainly being rejected off the 38.2 Fib from the long downtrend on the daily chart, which a rejection off 38.2 FIB tends to be the strongest in continuation of a trend so I may be entertaining going short instead of long. Whichever way...
So our last analysis on AUD/USD about 3 weeks ago with the Inverse Head & Shoulders to complete Wave 4 caught us 130 Pips. Now we have multiple confluence to enter short for the completion of Wave 5. BUT HOLD ON A SECOND!!!..... We are waiting for bearish confirmation off the retest of 2x Top Neckline and RSI bounce to the downside off 50.0000 on market open...
So we analyzed this pair about 2 weeks ago and we now have the confirmation we were waiting for to enter long. As always use proper risk management. There is major news coming out next week so expect volatility. Join our new Telegram group to learn how we analyze the markets and catch pips on trades like this! Follow us on Instagram #FXL_Style t.me FXLifestyle...
So we analyzed this pair about 2 weeks ago and we now have the confirmation we were waiting for to enter long. As always use proper risk management. There is major news coming out next week so expect volatility. Join our new Telegram group to learn how we analyze the markets and catch pips on trades like this! Follow Us on Instagram #FXL_Style t.me