Good evening traders! As the title says I'm looking for short setups on the Aussie/Dollar and here's why... Similar to the NZDUSD it has just broken to the downside of bullish trend line and is now potentially creating a bearish channel. On the daily chart we have hit a nice level of horizontal resistance looking left which coincides with the bearish channel and...
Good evening traders! Just sharing my ideas on a short term sell setup on the NZD/USD -1.14% daily I have been monitoring. Since August 2015 after a long bearish move we have seen the formation of what appears to be a nice flag on the weekly chart which rejected the 50% retracement of the previous move. Shortly after the flag broke to the downside during...
Potential Bat completing on AUDJPY which I will be monitoring. With a recent break below structure I will be looking for a retracement up to the D leg completion and move further down. Stops and targets in normal place. Hopefully lock in some profits before the days over.
Good evening traders! Hope you've had a great week so far. GBP/JPY 60 minute has provided us with two profit taking trades this week with a big Cypher pattern followed by a Bat pattern that completed this morning and with the recent move breaking above structure we could see another yet another Bat completing shortly. Normal rules apply: Target 1: 0.382...