XAUUSDH1The price tested resistance and pull back.Price makes fake break at the resistance.
Than it might bearish to the support .
My goal is to support 1651
Ozzie
AUDCHFDaily Supply & Demand Zones - any divergence shaping up? Just assessing key levels.
Our indicator on the chart is Mayfair's OBV Divergence, Moving fibs and support/resistance from higher timeframes.
Be great to get comments on the coming week's thoughts for this pair.
Have a great weekend!
AUD/CHF reaching a confluence zoneI have to credit user BenWright21 with this idea:
Currently, the daily time frame is in the midst of a H & S pattern and has seen nice follow through the .718 level. If price continues to climb, the .7325 zone is the level to watch for a pull back. Not only do we have a sizable gap zone from Dec 2nd, it also happens to coincide with a massive downward trend line (see weekly for more detail).
The Ozzie had a strong showing this week thus far, but remains fundamentally weak. Yes, Chinese PMI and Australian CPI did beat consensus estimates, but the overall forecast remains uncertain at best for the currency. Feb 4th will surely provide volatility and direction with the release of the RBA's interest rate decision. Meanwhile, the CHF was slammed on the news front this week, hitting below expectations on the KOF indicator and ZEW survey reports. The Swissy is down broadly this week barring an end of the week push.
In summary, I expect an AUD sell off next week all things remaining equal. The nearest supply/demand zone ranges are wide, so patience will be necessary. Wait for confirmation @ the .7325 zone to the downside and execute a sell. Assuming .7325 is your average price you can set stop losses @ or between the .737 - .74 levels depending on your tolerance. If everything goes correctly, you could be eyeing over a 300 pip move with a generous R:R.
AUD/USD UPtrend likely to continue (Log monthly Chart)AUD/USD - UPtrend likely to continue (Log monthly Chart)
GBP/AUD SHORT SQUEEZE OFF THE 1.7400 LEVEL This short sell limit has been triggered and now i expect further momentum to the downside region 1.7250.
price should consolidate around this price action. will be watching closely for the pullback.
rejection of 4hr 200 ema. evening star formation reason for entry. many more confluences, im only giving a few though.
AUDUSD. Sell on break. Risk/reward ~7Hi there!
Ending diagonal in wave c of B.
Break below support would confirm the finish of the pattern.
Target 0.7737 (C=A)
Risk 0.7997 (Peak of diagonal)
Audusd breakout, megaphone or TL rejection?Too early to tell for me, but will probably get some good moves either way the market decides.
But if i were betting, it'd be for long (the big fish tends to always eats the smaller fish). But dont bet w your money.
GBPAUD YET ANOTHER BULLISH LOOKING POUND PAIRNext leg higher is probably coming.
I am expecting it to be as big as the first impuls. approximatley 750 pips.
I am awaiting more positive sentiment on the british pound before jumping in.
AUD/CAD possible double top - go shortLooks like a possible double top on the Ozzie vs Loonie. Price tested the initial close high at about 1.0065 twice. There is a strong bearish divergence on the RSI, so let's see if the bears can hold and drive the price lower.
Stop-loss at 1.0110 - this is 10 pips higher than the 1.0100 level.
First take profit level at 0.9850
Hoping for second take profit level at 0.9650
TEXTBOOK TRIPLE THREE ELLIOTT PATTERN ON AUDNZDI am not gonna say much, except i am buying with a stop around 1.0320 targeting a serious move higher.
AUDUSD. Pennant at the pullback.Previous wave up was broken.
We are in a pullback that shaped pennant pattern (variation of the flag pattern).
Watch Fibonacci retracement level reaction for target.
AUDNZD BULLS READY FOR A BIG MOVE! ITS SHOWTIME!The chart tells it all.
I have been waiting since weeks for this move to happen.
Wait for a retracement to 1.0380/70 and place your stop at 1.0330 and let the market do its work.
If you are more conservative, wait for the wedge break higher and enter on retest.
Trail the market higher and give it some breathing room. 1.0750 and 1.10 would be targets, even a move towards 1.12 or 1.16 is possible but you have to keep an eye on fundamental developments, rate decisions,chinese economy development etc. for now 1.0750 seems legit as a first step.
Best of luck.
EURAUD HUGE 700 PIP SHS TREND CONTINUATION COMINGEurAud Confirmed the huge triangle break, and is now forming a beautiful Shoulder Head Shoulder trend continuation pattern.
The right shoulder is currently in the making, and on the 4H Chart the market formed a beautiful evening star in the recent bars for me a sign that the upward movement is weakening, assuring that view, is also the fact that the bulls failed to close above 1.4420 level.
I went short @ 1.4425 with a tight stop @ 1.4493 looking for a move towards 1.3700
Huge Buy Potential on GBPAUD Falling Wedge PatternI think this chart talks for it self.
In my opinion this market is currently bottoming out after forming a huge falling wegde. A falling wedge is traditionally a exhaustion pattern, and looking at this chart there is quite a chance for decent move higher. I am expecting to see a dynamic move higher towards 1.65/66 from there we will see a corrective leg towards 1.62/61 and followed by another dynamic move towards the 1.70 handle or even 1.77 depending on the fundamental developments regarding brexit.
I am personally planing on going long at 1.5930/5900 with a stop below 1.58 and my first target is 1.65 and then i will reevaluate and look for maybe more...
Good Luck, Please don't trade without Stop-Loss and proper risk management..
All the best.
Huge EURAUD Short Triangle Break for 700 Pips.A multiweek triangle pattern formed over the last 6 months on EurAud.
We have also been moving in a 500 pip range in the recent weeks 1.44-1.49.
After a fail to the upside now a dynamic break to the downside occured in the recent days.
The move lower was very intense and convinced me, that the bears are strong enough and willing to take the price lower from here.
I am looking to sell at a retest of the very important breakout area of 1.4420 with a stop above the psychological important 1.45 handle at 1.4520.
I am willing to take the risk of 100 pips on this pair for a move toward 1.37 and a profit of ca. 700 pips.
I urge everyone to use proper risk management, dont risk to much, and stay conservative, building constant profits.
Good Luck!
AudNzd Long and Adding To ProfitsYou can see the initial entry at 1.0315 and i took a second position at 1.0485 after market consolidated on 4h chart i moved both stops for now to the average at 1.0395. So its a risk free trade, and i am looking for a really big move higher to the 1.1200 handle.
This huge multiweek flagpattern combined with this double bottom is about to play out, now is the time to load some big buy positions!
Good luck!
AudNzd Three White Soldiers Trend ChangeWe have a beautiful ABCD multimonth flagpattern on the AudNzd Pair.
I am expecting a strong bullish move towards 1.1230 in the coming weeks.
After breaking 1.0310 we didnt have any kind of follow through for several days.
Sellers are getting dried out, and i think bulls are showing a strong hand with three consecutive solid bull candles and moving again above 1.0310 we can also see a potential double bottom being formed, natural target would be around 1.1230.
I am entering on 1.0315 with a Stop @ 1.0235 and looking for a move towards 1.1230
AudNzd Long for 1400 Pips!XA - is the impulsive bull wave from the low.
AB=CD - Correction is coming to an end. We are seeing a multimonth Flag Pattern.
I am expecting a fake breakout / bear trap to the downside, by breaking the flag to the downside, we are going to see a strong upmove in the coming days.
I entered a highly speculative long position @ 1.0275 with a tight stop @ 1.0249 risking 26 pips for a 1400pips target.
The length of XA is my anticipated target at the topside at around 1.1700.
