Chart: 4HR Market: Bullish Bearish Indicators: 1. Head and shoulders chart pattern now in play. 2. Previous bull candles decelerating 3. Hanging man candlestick pattern Agree / Disagree? Comment Below
Chart: Daily Market: Bearish Wait for price to pullback to resistance zone before going short. Notes on chart.
Chart: Daily Market: Bullish / Ranging EURAUD likely to provide a great setup to go long, however with price ranging within its descending channel it's best to wait for bullish confirmation.
Chart: Daily Market: Bullish Waiting for a break below the neckline & trendline support before going short.
Chart: Daily Market: Bullish Looking for a retest of the daily / weekly .73100 support level before going long.
Chart: Daily Market: Bearish Bearish Evidence 1. Double bottom candlestick pattern (red circle) 2. Bullish Low test candlestick 3. Price rejecting daily / weekly support @ 1.27180 Note: Look to enter long around 1.27400 to provide a healthy risk / reward ratio Agree / Disagree? Comment below, let me know!
Chart: 4 Hour Market: Bearish Bearish Indicators: 1. Head & shoulders chart pattern 2. Bearish engulfing candlestick (daily chart) 3. Price below daily / weekly support turned resistance @ 1.90300 NOTE: Price may have already breached the head and shoulders chart pattern, however a pull back to the neckline is common after a sell off. Pending sell...
Chart: Daily Market: Bearish Trend Bullish Indicators: 1. Descending triangle chart pattern 2. Triangle pattern low rejects key weekly / daily 121.600 support level 3. 4HR chart displays descending flag pattern 4. Volatility decreased towards bottom of triangle Agree / Disagree? Comment Below!
Chart: Daily Market: Ranging Bearish Indicators 1. High test candle high above 50 EMA 2. High test candle open and close below 50 EMA 3. High test candle below ascending channel - support now resisance (blue dotted lines) 4. Price trading below 0.68480 resistance 5. Price is in pull back mode 6. Double top found on weekly chart Agree / Disagree? Comment below!
Chart: 4 Hour Time Frame Market: Bullish Bullish Indicators: 1. Low test candle stick pattern low rejects 1268.40 support level 2. Low test candle low below 50 EMA, open/close above 50 EMA 3. Price is in pullback mode, forming swing low and likely to break to the upside. Risk Management: Order Type: Pending Buy Order Risk / Reward: 1 : 2.17+ Stop Zone:...
Chart: Daily Market: Ranging / Choppy Bearish Indicators: 1. High test / doji like candlestick (29th of April 2016) 2. Price rejecting key daily / weekly resistance level @ 1.46400 3. Price rejected 1.46400 area & formed similar candlestick pattern on 4th of Feb 2016 Risk Management: Order Type - Pending Sell Risk / Reward - 1 : 2.33 Stop Zone -...
Update: Price has pulled back and formed a lower high, in line with previous outlook @ .767000 zone - lower than previous high. (see link below) Wait for New York Session close before going short on AUD/USD. Agree / Disagree? Comment Below!
Chart: Daily Time Frame Market: Bullish Trend Bearish Indicators: 1. High test candlestick pattern found on Weekly time frame @ key weekly/daily resistance level (0.77500) 2. Double top @ 0.77500 (26 & 27 April) 3. Bearish engulfing candle @ 0.77500 (27th April) 4. Lower highs (marked by red dots) Price managed to close below 0.7600 last week, but will...
Chart: Daily Time Frame Market: Bullish Trend Bullish Indicators: 1. Symmetrical Triangle 2. Higher lows & lower highs (red circles) 3. Price ranging key weekly/daily support level @ 1220 zone Bearish Indicator 1. High test candle (21/4/2016 candle) found at triangle resistance Price is consolidating between 1216 and 1270. We're expecting an upside...
Chart: 4 Hour Time Frame Market: Bearish Trend Bearish Indicators 1. Descending triangle chart patter 2. Lower highs Because there's not enough evidence to support a short entry, it's best to wait until a signal can be confirmed on the daily, 4 hourly & hourly time frame. Our expectation overall is bearish. Note: Awaiting confirmation. On the sidelines...
Chart: Daily Time Frame Market: Ranging Bearish Indicators 1. Deliberation pattern (Bull candle bodies decrease in size each day) 2. Doji found below 1.14200 3. Hanging man candlestick below 1.14200 4. Price has previously bounced off 1.14200 & 1.14650 5. Chart displays a rising wedge-like pattern (evident by trendlines & blue circles) Risk Management...
Chart: Daily Time frame Market: Bearish Trend Bearish Indicators 1. Double top found at key 128.000 resistance level 2. Bearish Engulfing Candle (1st of April) 3. Price rejects 128.000 4. Rising wedge chart pattern 5. Double top & bearish engulfing pattern are all found just below the daily/weekly trendline resistance level Risk Management Risk/Reward...
Chart: 1 Hour Time Frame Market: Uptrend Bullish Indicators 1. Low Test Candlestick found at 1.11500 2. Doji Bar follows low test candle 3. Bullish Candle low below 50 EMA, Open/Close Above 50 EMA 4. Daily chart displays weak sell signal (Double top)