I believe AUD is still going to push lower based on my Analysis on the Weekly TF on the AUD/USD chart. Therefore, I am looking to take advantage of entering a long position on this pair. This pair has been in a bullish trend forming perfect HH's and HL's. Price has now bounced of trend forming a bullish engulfing candlestick showing possible bullish momentum.
My Trendline has proven to hold price well however price could be making a bearish movement breaking through. The 3 major Yen pairs are also showing similar movement which is giving me more confirmation on this pair. I am now waiting on the 4hr candlestick to close below my trendline to confirm the break for a downside target of 121.200.
EURGBP has stayed between my two contrasting treandlines even with the massive gap which occurred 2 weeks ago. Price has been very respectful of these two lines and I have been waiting for a low break either way. Price has now broken through the trend towards the downside therefore, if the candlestick closes below trend, I will be entering a short position down to...
USDJPY has been in a clean downtrend creating LH's and LL's since the beginning of the year. Price has now retraced back to the trendline and has shown a clean bounce indicating a move back down. Price has also just broken through my counter trendline which has shown to be a strong retracement previously. I can see a bearish movement for next week so I will be...
I have been waiting for either a downside or upside break on this pair and it has arried. Price did stop at trend however has a very small retracement before a very bullish candlestick broke through my trendline. I am now looking to go long only 50 pips to the beginning of my trendline treating price action as a 'falling wedge'. We may see a small retracement back...
I believe the Yen has been weakening so far this week so I am looking to take advantage and go long predicting a short BULLISH movement with this pair. On my 12hr TF I have a clean downtrend where price is now approaching the trendline and on my smaller TF (2HR) price is lingering on the trendline. I am now waiting for the 2hr candlestick to close above the...
This pair has been respective of the H4 trendline I have drawn creating clean HL's an LL's. Price soared through my major trendline drawn on the daily and has now pulled back, also forming a HL on my H4 trendline. The bearish momentum has now stopped and the triple candlestick formation has given me pin point entry as I went long at the start of the 10:00am GMT...
I did my analysis on Gold over the weekend looking for a retrace back to trend for a bearish reaction. The long bearish candle has followed through my analysis so I am now waiting for price to break through my H4 support for confirmation that it is going lower. I have put my target where daily support meets major trendline as they are both very strong lines of support.
Here we have a simple layout out GBPAUD where I believe price will merely continue trend. I have waited to see if price will bounce of trend and it has on the 1 hour chart which I use for entry points. I will be going long till just beneath the DAILY RES.
This pair is at its lowest since November 2016. Price has been re-testing 117.530 for the past week where wicks have been struggling to break past support zone. Price is also creating higher lows that have struggled to meet trend 3 times which confirms the down trend is weakening. I believe price is possibly going to go into an uptrend which will breakthrough all...
This is a current trade I am in where I am expecting price to rise to major trendline. Due to how this trade has played out, I have moved my TP higher as I now believe price may rise to where trend meets daily Res. I have also moved my SL to just below major trendline. If you look on my previous post for this pair you will see my previous TP and SL.
Here I have a clean head and shoulders chart pattern with both shoulders holding the H4 S&R. On the right shoulder, we have a downtrend where price could be making a lower low. I will be waiting for price to fall to H4 support and a clean candlestick confirmation to go long and complete the right shoulder. My first TP is the next lower high on the trendline. I...
Looking at the 4hr chart specifically, this pair has had 4 indecisive candlesticks on the trendline. I believe this will result in a strong bullish movement making a higher high. RSI indicator is also showing that this pair has been oversold.
Gold has just broken through a major trendline. I believe price will only retrace back to trend for it to make a strong bullish movement. Price has done this previously at this price so we could see a repeat of history. I will be entering a long position where my TP will be where price reached before after that strong bullish movement (from 06/10 - 04/11)
This pair has managed to break through 2 bearish trend lines and has now made a 2nd touch to create a bullish trend. This has shown me a possible reversal of trend taking place and I will be looking to enter a long position once price retraces from the higher high made.
I am currently in this trade sitting in profit. However, I have found a promising opportunity for a re-entry. Whilst in the trade, price has formed a sound up trend bouncing of trend line neatly. I believe price is currently in yet another retracement to trend to then carry on bullish. This pair may see a few retracements but I believe price will rise to atleast...
Cable has been in an uptrend which I called from the consolidation highlighted from 07/03 - 13/03. I believe this strong bearish movement is not a retracement but a reversal of trend. Price may now make a lower high at possibly 1.25400 to form a strong downtrend. I may enter this position after the close of the 4 hour candlestick.
On this pair, price has struggled to break through daily support (110.757) which I am assuming could lead to a strong bullish reaction. If we look at the daily timeframe for this pair, a lower low has been created in the current downtrend which also suggests price could now be ready to rise. I will be trading this up to the major daily trend line. We may have a...