Just far enough to trap down the bears... ... then rally back to make bulls millionnaires!

EURUSD

Nice levels. GL to you too! Oh and Happy Thanksgiving!

EURUSD

Indeed, and that's what I am expecting as well for the same reasons... (has happened so many times in the past). However we might see a quick "fake" break down before the rally, if only just below 1.3300, coinciding with a touch of the the lower ...

EURUSD

My short-term views — Price could fall to the area comprised between the 138.2% extension down from previous H1 swing low and the 161.8% extension on the correction swing (1.3240-1.3260) after bouncing back from the upper pitchfork TL. image ...

EURUSD

That was 3 losses too much. I would have taken out the surplus after the first loss and started over at 1000 CU. Or probably earlier.

Question: Take another nearly 30% of your monthly income?

However he did answer, three posts later (post 102):

Pit bull trading strategy by brijon

Using your chart, that's what I see (if neckline breaks): image Head projection to 1.0620-1.0660 zone.

AUD/USD

Try zooming your chart out... 15M 540 LWMA shows at about 1.40222 and 1300 EMA at about 1.38526 (50% and 88% retracement respectively on the move from 1.37977 to 1.42463 on my charts).

EURUSD

I think I also read it elsewhere, however it's on Oanda's platform news as well: image They could also be pumping the price as high as possible to short at a much better price...

AUD/USD

I am posting my views on AUDUSD related to EURUSD and EURAUD which is how I am trading it as of now, based on respective correlations and covering one another if and when needed (long AUDUSD, short EURUSD). image image image We can see how all ...

AUD/USD

61.8 retracement on last leg down (Daily) and 50% on the whole move from the highs, have been crossed. 76.4% and 61.8% respectively are at around 1.0430. 1.0389-1.0397 has some resistance to watch (06-27 support, 09-16 resistance).

AUD/USD

Seems both pairs took the bearish pattern option in the first place. Beware, it's Friday: if there are no signs of a heavy profit taking from the bulls after midday, we might be in front of a reversal and be headed to much higher realms... (do I see ...

AUD/USD

For me as well. When I think most traders call that: "noise"... hmmm (hehe).

AUD/USD

Indeed, Aussie price (as well as Fiber's) have been respecting beautifully (although with much passion, lol!) all levels tonight, and even giving some more bonuses on top. I wish those markets would be so predictable all the time...

AUD/USD

Now should go to A-B-C correction (m5) to 1.0198-1.0204 (23.6-38.2 fib on wave 3) - for the EU, 1.3773-1.3779. (will post charts later on, connection and computer are awfully frozen)

AUD/USD

And here is a probable price action for the next hour - couple of hours: a break of the rising wedge on 5min charts, with projection of the move towards the 5M SMA200 level (roughly). While struggling with a slow connection the price pierced and ...

AUD/USD

I have been covering longs on AUDUSD lately with shorts on EURUSD as they are having a strong positive 200-period correlation on 5m (97), hourly (98) and daily (84). url Sometimes the charts are clearer on one of the pairs which allows to preview ...

AUD/USD

That's the hourly chart... 0.9871 @ 38.2% Fib on wave 3. On Daily, here are my two possible scenarios: 1. Bullish to around 1.0400/1.0500 or at least september gap. 2. Bearish to the previous lows. That would be wave 5 in progress on the fall from ...

AUD/USD

... or like this: image

AUD/USD

Try Trade Interceptor. It's excellent, free and has amazing charts with lots of indis, plus several br0ker's feeds at choice. That's what I'm using for analysis on the go. url Oanda's app is very good for trading and has fast execution... ...

AUD/USD