Will we see bulls step in here for a retracement back to the triangle resistance, or is the Aussie bound to fall even further? This is an area where i assume bears will take profit. If bulls see a smaller retrace breaking structure i will get long up to previous support. Have a good weekend! Cheers!
This is an idea, and I have not yet seen confirmation from the bulls. Currently waiting. Will step in if i see buying pressure. Cheers!
Found this yesterday in bed and could log on to show you guys until now. We are at a crucial retracment point, and investors are still looking at the 1000 as next potential big target. This might be the last leg that takes us there. If not. At least get on while you have a good RR. Peace
As always when taking a trade, look for at least three types of confirmation. This is where the butterfly completes, together with the trendline resistance and the 61 fib from previous leg down. This trade offers a great risk/reward ratio right under the inverted hammer. Never risk more than 2% of your capital. Good luck.
This crab might take us down to A. Considering most the other USD pairs are showing weakness, this isnt too complicated. Remember to keep your risk low.
This is a rough estimate of the patterns that MAY accour. This is not yet a tradeable idea and that should be taken into consideration. However, this is usually how I plan and log my thoughts just to have my system down. "If A does this, then B could probably end up here, which leads to a completion around C, and.. so on." Regardless. This is what im currently...
This might be next weeks opportunity. I will be looking at getting long around 39 with a stop below 37,9 and first target up to previous support/resistance. Good luck and keep your pos size small.
Aud has been strong throughout this week, but it looks like an opportunity to go short.
nikkei short on the break of the wedge
I usually never take a trade unless i have 3 different types of confirmations showing a potential reversal zone. This trade does, and offers a great risk to reward ratio. I will keep my eyes on the Daily, H4 and H1 for possible entries inside or close to the box, with a stop right above previous swing highs. Good luck. Gweedy
A retest of the lows at this point looks promising. With a tight stop loss and a good risk/reward.
The swedish krona is fundamentally weaker than the US-Dollar, which leads us to believe that this consolidation box, with the ab=cd correction sitting right at the bottom, will find it's way to the top of the box and eventually break out. This is a buy and hold type of trade, and SL will be put under the box.
The fundamentals are still the same. The euro-zone is in deep trouble. And US keeps printing better results. This correction seems to be finished and i am currently looking at a short position.
This might be the short that will take us down to the 1000 level. It hit, and respected previous support turned resistance. A close above the trendline will invalidate this setup.
Cable has almost reached 1.58 and this is an area i will look for resistance. If seen i will short this pair with a tight stop and follow it down to 1,53.