Se-Ben

Se-Ben Updated 

Potential bearish crab forming on the daily. Once price breaks the high, I'm looking to ride up to the AXA extension. Price is approaching a quarter point so it may consolidate in the area for a bit before continuing upwards. High was broken by a wick on the H4 chart, and is making higher highs on the H1 chart and also broke the high.

Se-Ben Updated 

Bullish crab on AU D1. High was broken on 1H, and higher low has formed on the H4. I've noticed on Bullish crabs that price may retest and double or triple bottom before going going long. With the high breaking on 1H, and a higher low on H4 I expect price to start moving upwards and not break the 2.24 fib extension and go short to 3.618, but the market is never wrong.

Se-Ben Updated 

Symmetrical Triangle has formed, and broken on AUD/NZD H1. A quarter poing has also been broken so price may play around in this area and consolidate for a bit, or retest which will give me the opportunity for another short entry. I'm expecting price to go short and hit my D1 trendline, which is the same length as the mouth of the triangle.

Se-Ben Updated 

Bearish Pennant forming on H1. It's also close to a quarter point 1775.00 so price could play around that area for a bit before continuing short. Waiting for a break of the trendline to the down side and a possible retest of the counter trendline to go short.

Se-Ben

Currently waiting to see if this pattern will play out. Bearish gartley pattern before this one was spot on, and of course I am expecting the same thing here. IF this does continue bearish to complete the pattern I expect some consolidation around 108.500 as it's a quarter point. My stop loss will not be too tight this time around because of this. If this happens...

Se-Ben

Weekly, Daily, and 4h show heavy support at the 108.530 area, it's forming a triple bottom, bullish gartley on the 4h, and check out the weekly, huge bearish butterfly possibly forming. This will take a long time to play out, but that's why I love higher time frames. I will be keeping a close eye on this. Please comment, I love feedback and chatting with you gals...

Se-Ben Updated 

I cleaned up the chart a bit for a better view of the Bullish Butterfly. The closed inverted hammer on the major quarter point is a good sign of bearish movement along with the re-tracement off of the 88.6 (thus far) which is indicative of the C point. I'm keeping watch to see but I don't feel that it's going to extend beyond that point especially after this...

Se-Ben

This pattern is playing out nicely thus far. I plan on trading the C to D based off of the hit at the 78.6 fib retracement. It has also broken the trend line, retested and the last candle has broken bullish. I plan on waiting to enter because it is approaching a quarter point but based off of those two confirmations, the fact that the D point is right by a long...

Se-Ben

Final markup for AUDUSD longterm. My last post was vague, and I apologize for that. Looking at where things are now based off of the daily there will be some pull backs but strong bullish movement up towards the my 88.6 PRZ. If this happens, with all of my other confluences thus far, we are in for some pips! Current push came very close to the 78.6 PRZ, and...

Se-Ben

Hit the long term trend line on the weekly chart at 78.6 and I see no signs of slowing right now. If you got in at the 0.75228 mark, stay long. It looks like it may start to pull back to around the .76339 zone. I missed the buy but waiting on the pullback to hop in. Looking at structure I'm expecting it to hit the .82443 area, so it's going to be a while, maybe....

Se-Ben

AU has been ranging for a bit, and may form a possible head and shoulders pattern based off of the 4H chart. If you are long, I would take profit based on lower time frames and a break of the 8 day ema on the 15 minute chart. Looks to just be a pull back but, if it hits the .76463 area I'd be looking for a retest of the neck (see red line) and wait to see which...

Se-Ben

Overall my analysis still shows bullish movement for this pair. I've caught quite a few pips over the last 2 weeks, from trading within the trend channel on the 4H chart. Currently it looks like it may continue short for a bit longer, but it's currently looking to go long based on trend, channel movement, and stochastics being in an oversold area. Break out your...

Se-Ben

A clear head and shoulders pattern on the Daily chart. I'm looking for a re-test and going long for now. After the re-test, it could continue long, or stay bearish. Of course, the market is never wrong and we will see how it plays out. If you were short, I would get out because of the break of the 8 day EMA on the 15 and 30M chart. Hope everyone is in profit!

Se-Ben

Looking at where we are if the candle breaks above 8 EMA it can go bullish. The bearish engulfing toward the bottom of the trend line reads strong reversal and was toward the oversold area on stochastics. With tomorrow being NFP keep a close eye on it, but I feel that we may run bullish due to exhaustion on the daily chart, hope you all are in profit.

Se-Ben

In my last post I said that if if broke the neckline it would go down and it's going. It is headed toward a long term trend line and can reverse and go long. Keep an eye out, hope you are all in profit.

Se-Ben

Head and shoulders pattern on 1H, and 2H. If it breaks the neckline we could be in for a ride down.

Se-Ben

Inverse head and shoulders forming on the 1H. This may consolidate for a bit but may push up if it breaks the neckline.

Se-Ben

I decided to go in a moderate risk trade, and am up 52 pips. Currently the neckline has not been broken and I'm looking for a retest that will give me confirmation that this will continue to go bearish. Now it's a bit of a waiting game as it may consolidate for a bit here around the 1.0736 area. Though technically still in an uptrend, if this breaks market...