Hi traders,
Just doing my analysis for the week and thought I would throw up some of my ideas for consideration.
I have noticed a double bottom form within the descending triangle here recently. My theory is that if price breaks through the resistance level at around 83.500 there will be room for an entry up to around the 88.000 mark which will complete the...
Hi,
Throwing up another chart from my weekly analysis for any feedback.
A double bottom has formed around the 0.64000 level and is rising. IMO if price breaks through the 0.66600 level resistance should occur at 0.68500. I believe this would be a chance for a reversal set up if a bearish candlestick pattern formed. Eg: High test.
I would be looking to exit...
Hi everyone,
Just doing my analysis for the week so thought I would put up a couple of charts to get some constructive feedback. I am swing trading at this stage by the way.
Descending triangle has formed IMO signalling continuation of a bearish trend at the point.
3, 7 and 50 EMA's are all in order for a short set up, which is consistent with my strategy,...
Hi everyone,
Just starting out with all of this so thought I would post an entry for some feedback. I took a long entry here on AUDNZD. My reasoning was that price was bouncing off both the 20 and 50 EMA lines on the last candle, which was a low test. In the strategy that I have been learning a low test seems to indicate a long entry, usually supported with price...
