AUD/USD coming into the action zone now, it is a counter trend trade but the risk:reward is significant if it plays out.
On the Monthly time frame you can see we are coming into a major support area where historically we have had significant moves away from it, also the major support area coincides with a huge trendline we have which could be the 3rd touch. (MA's...
Kiwi has been in a little bit of consolidation the last month or so, however it appears momentum is gathering for the next push down.
Once we have a break and close below the daily Support that'll trigger my entry and i'll be targeting the next monthly Support at the 0.61000 mark.
Currently still Bullish on this pair, looks like today could finish as a Bullish engulfing candle which could see momentum take it to the -272 extension.
Just waiting for confirmation on this pair for a break of the trendline and an MA crossover to the downside. A safer entry may be on the breakout of the head and shoulders pattern.
Targeting 127.000
Lets see what happens!
Trending nicely still strength in the GBP, waiting for a break of resistance to trigger long entries to complete the ABCD pattern.
Looking for price action at the Inner Trend-line too.
Hello fellow traders,
Hope you've all had a productive weekend!
Still Bearish on this pair, I've heard a lot of people saying the bears run is over but one of the first things i was told a few years ago when I first stumbled across forex trading was...trade what you see, not what you think. This is not a guessing game its a skilled craft in which we let price...
