Hello TradingView Community, I would like to share with you a trade that looks like it could have a very good return. As we can see the pair has been in decline since April of last year. We see that it has already closed below the 23.6% Fibo retrenchment level, but it has also broken a support level @115.463. This level was created during the consolidation...
Looking at the 4H chart for the AUD/USD I see that we could be looking at a possible short setup that has the potential to run down quite a ways. Right now the pair is in a strong bearish downtrend and is currently sitting on top of a weekly support. You can see from the past the pair has tried numerous time to crack through the 0.77317 resistance level only to...
Hey everyone, we are gathered here for another possible short opportunity on the USD/JPY. After a great jobs report this pair ran all the way up a smacked head on in the long standing trendline the FOMC minutes sent it tumbling like a house of cards. It Broke though the another trendline and is currently below a D1 and W1 support level @ 110.541 on the 4H chart. A...
Looks like we have a possible short opportunity on the USD/JPY on the 4H chart. It is coming off a bounce of a trend line and out of overbought areas on 2 different indicators. Look for a close below the lower trendline to confirm entry.