I'm looking at an opportunity to short the AUD here. the pair has been quite resilient lately on the back of what I consider to be broad USD weakness. At the time of writing, AUD had just stood tall through the news of a rate cut and some weaker than expected employment figures. Technically speaking, We have seen a move lower to what looks like a potential...
My BIAS here is still long term bullish. I have a number of long term longs in place. The current strategy is more about protecting these positions as we have been experiencing a bit of a struggle or shift in sentiment recently due to worldwide economic events, risk aversion effects and the equity markets. This could be a telling week for this pair. Going to wait...
-Price today has made a fairly convincing mover after failing to consolidate through a potential support / trend-line zone. - Entry was triggered at 1.44980. - First target is 1st support at 1.42091. Second target is 1.37816. I will however be very cautious on this trade. This pair has been in free-fall mode for a while now, surely we will see a fight at some...
As price double topped after the big drop earlier we see RSI showing possible divergence. Price has now dropped below support so i'm shorting with a tight SL 15 pips or so to see if this breakdown is really happening so soon.
Hi trading view, Firstly see my related idea to get a feel for where i'm at with this pair. We can see that the price went through the huge decline in september and has since been consolidating above .8637 Technical considerations: - Possible PA continuation pattern. - RSI rejected a move past our strong trend line (orange circle). - Stoch RSI potentially...
My previous post related to Silver is linked here. At first we saw the decline below major multi year support. We then saw establishment of support at 17.326 where for a few days we experienced consolidation with a declining series of high's before last night, where we experienced another drop into the early hours of the asian session. My positions that were...
Been a while since i've put a trade idea in.. I've had a sell order for Silver in place at 18.00 waiting for a while now. As the chart shows.. Price has rebounded above the green Support line multiple times since the middle of 2013 giving rise to a stronger and stronger level of support. A few days ago this support level has been broken. Without a significant...
Hi Trading view, Technical Considerations: -Note that we have broken down from a range that we have been trading in since the end of march after carving out a series of two lower high's as can be seen by the RED trend-line. -Before the drop out of the range we saw a period of ranging consolidation ( dotted range). - Downside breakout crossed the 200 period MA...
Please have a look at the linked chart. Serves as my EURAUD legs. The Chart illustrates the euro slip and the AUD resilience. I'm looking for a clear break to the downside from the 1.40244 area to add to my short positions. Technical indicators suggest it may be tough to break this support right now, we may be due to a short bounce so timing will be important....
This is what I have been using to help trade the EURAUD. Since May the Euro the has slid significantly against the USD. The AUD has been more resilient.
So It looks like we have just continued our bearish trend. Two consecutive bear flag patterns and now we have just broken the support level of 1.41985 from lat week. (and currently is testing and rejecting). RSI AND STOCH RSI are very low so am looking for a bit more of a drop before we see some consolidation range possibly forming.
So I'm going to cut my loss on this one. Disappointing fundamentals and some negative technical signs. Will cut my losses while they are minimal and wait for some more positive signs!
So As we can see on the chart above. - Getting mighty close to our rising 2012 trend line - MA 50 has dropped below our 200 MA indicating some bearish momentum etting mighty close to dropping below support of 1.3519 - Very Bearish start to the week I'm placing a sell order below 1.3500 and hopefully with some right words from Yellen we may have ourselves a...
So after the H+S Pattern we have seen a downtrend with LH and LL's until we hit a range Looking like this could be a potential Bearish Flag pattern, or we could even be seeing an ascending triangle pattern if you look at it another way. Fundamentally speaking I am looking for the aussie to Firm up a bit and the euro to drop so will enter once clear break below...
So my order has been triggered so i'm now long on GOLD. As can be seen, price has been consolidating now for a week or so. Noting however that the RSI is still very high so this move may not last too long, once I get in the green I will use a trailing stop loss to Make sure this gets cut early. Target 1380, the next resistance level.