djshnizle

djshnizle

Missed buying Tuesday's low but it appears that liquidity below may be magnetic

djshnizle

OPEX didn't push us down too far. Weekly closed as an inside bar Last week's high was left untested Last week's low was left untested Unless the gap is excessive I will be trading around the 25% marked with a fib. I have a long bias due to the monthly above $4300 but will trade cautiously short if price appears bearish

djshnizle Updated 

Just an update. I still like my blue bias line. Look for shorts below blue line and longs above. Manage your own risk. If we break above the blue bias line we are long.

djshnizle Updated 

From where we are now I have found my control point for entry. :)

djshnizle Updated 

Upon viewing the 1h chart, perhaps this ABCD could permit a bounce. The green channel helps indicate a short term bottom of the range. My bias is still to the short side, but will take long scalps IF/WHEN I see fit. The orange support line looks like an appealing target, especially if we drop out of the green channel. NOTE: CHART ANNOTATED Above Green Line Long...

djshnizle

Of course, at this level, the Quasimodo pattern overrules all other patterns until invalidated, and am bullish long term for this pair. This is why I am long above blue line. If USD fundamentals continue the way that they do, and GOLD continues higher, AUDUSD could see a crazy longterm uptrend.

djshnizle

Going for third test of lower trendline. Will we get there without a fight? Technically, we sit at a 50 fib retracement. It looks to me that we have fulfilled an ABCD pattern as well. What I find interesting is the .382 fib lining up so close to a resistance level that I mapped by hand (which also just so happens to line up with the CENTER OF THE TRIANGLE! Perhaps...

djshnizle

Annotated chart. Overall looks bullish to me. US 10 year bonds closed below weekly flag, which can bring USD with them.

djshnizle

Around the .7146 area I see a significant amount of reversals. AUDUSD has broken out of it's channel, and if we break above the .236 Fibonacci I would consider that confirmation of an uptrend. On another note (if price moves lower in the near term) I consider scalping shorts while looking for better long entries.

djshnizle Updated 

In my previous post I noted short upwards movement. I placed a target of 1.45. here we are, and here is my 1 hour chart that I drew before writing that post. I am now looking for indications for a decent short entry. I will be trading carefully.

djshnizle Updated 

I notice a little positive divergence on the RSI, but with williams % coming back seems a bit contradictory. Hopefully I will be able to catch a small breakout up and then fall to the next level, but wouldn't be surprised to see us move up. I have not entered, and may leave this pair alone.

djshnizle Updated 

Head and shoulders pattern with a low right shoulder, price is respecting the trend of the shoulder. I would not be surprised for a few days of up action, but unless there is a break of the shoulder trend, I will be taking short trades (very careful ones though). Note the break of previous structure and strong bearish candlesticks.

djshnizle Updated 

On the 1 hour I see RSI divergence and almost overbought on 28 period. RSI definitely overbought on 14 period, along with Williams %, and MFI. (edited) I am already short... The shoulders of the pattern aligned with an old weekly pivot look like an acceptable region to enter short again, but if price seems to ignore this area, I think 19.000 is either a good...

djshnizle Updated 

Buy at 1307.35 the blue support line. Stop loss at 1303.80 which is the location of the cross of the daily lower trend line and the hourly lower trend line. (look at the red horizontal line.) I am bullish Gold and expect to see 1450 sometime within the next 12 months but do not plan to just hold forever... Target 1319.80

djshnizle Updated 

All technical here. Historically, around the month of august there has been a strengthening of the JPY. Heavy RSI divergence. Weekly pivot forming far below at 101.1 area. CNY comes out with GDP Thursday 13, 2016 so that is a contributing factor to be aware of. I am short at touch of upper Trendline. STOP 105. TP 103.31