remelthomas

remelthomas

OPPORTUNITY TO GET IN ON PULLBACK AT STRUCTURE LEVEL WHICH IS IN LINE WITH 0.618 FIB

remelthomas

LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...

remelthomas

look for bullish price action between 1.95000 and 1.94656 which is also in confluence with the 0.5 and 0.618 fib level. first target at 1.97000/swing high

remelthomas

expecting some buying pressure at 122.00 psychophysical level. break retest continuation patten/Resistance became support. Also in confluence with he 0.382 fib level. Long term target still the same at 130.000

remelthomas

ENTRY ON A BREAK OF COUNTER TREND LINE

remelthomas

TEXTBOOK SETUP. PULLBACK TO THE 38.2 FIB WHICH IS IN LINE WITH STRUCTURE LEVEL. AUD IS STILL FUNDAMENTALLY WEAK, THE CURRENCY NEEDS TO GO LOWER TO SPUR GROWTH SO PAIRING IT AGAINST THE POUND IS A HIGH PROBABILITY TRADE BECAUSE THE POUND IS THE 2ND STRONGEST CURRENCY AFTER THE DOLLAR. WE'VE HAD A TWEEZER BOTTOM AND SUPPORT FOLLOWED BY A HAMMER REJECTING OFF THIS...

remelthomas

PRICE MAKING HIGHER HIGHS AND HIGHER LOWS INDICATING THIS UPTREND IS WELL INTACT. TRENDLINE IS ACTING AS A GOOD SUPPORT SO IF WE GET A PULLBACK INTO THE TRENDLINE/189.000 THEN THAT WILL BE A GOOD LEVEL TO GO LONG. IF PRICE BREAKS RESISTANCE THEN THAT WILL ALSO BE A GOOD CHANCE TO GET LONG/ADD POSITION

remelthomas

EURO SHOULD BE VOLATILE THIS WEEK ECB decision on Wednesday and US payrolls on Friday. MY BIAS IS STILL SHORT TARGET AT 0.800

remelthomas

TARGET AT SWING HIGH. BREAK OF SWING HIGH THEN NEXT TARGET IS AT 0.95500

remelthomas

price pulled to our cluster level (structure level, 0.382 fib level, trendline) all lined up with each other. target at 2.0000. AUD still overvalued so buy on pullbacks

remelthomas

11.800 HAS HELD PRICE YET AGAIN ACTING AS A RESISTANCE TURNED SUPPORT. ITS NOW MADE A MORNING STAR FORMATION AT RESISTANCE TURNED SUPPORT AND ITS ALSO IN CONFLUENCE WITH TREND LINE. A BREAK OF THE COUNTER TRENDLINE AND 12.000 THIS PAIR SHOULD RESUME ITS UPTREND

remelthomas

ANY PULLBACKS INTO THE RED ZONE I'LL BE LOOKING FOR A BUYING OPPORTUNITY. THE POUND WAS UNDER PRESSURE FOR A COUPLE DAYS BECAUSE THERE WAS UNCERTAINTY BECAUSE OF THE ELECTION. NOW THAT THE ELECTION IS DONE SOME OF THAT UNCERTAINTY WILL BE REMOVED WHICH WILL STRENGTHEN THE POUND. ON THE FLIP SIDE OF THINGS CANADA ELECTION IS COMING UP THIS AUTUMN SO I EXPECT THE...

remelthomas

got stopped out of my last audchf trade but im going to have another bite at the cherry. price is approaching some resistance which is in confluence with the 200 sma. will be looking at price action around this level.

remelthomas

PRICE RETRACED UP TO MY SELL ZONE FORMING PIN BAR THEN SLAMMING RIGHT BACK DOWN. ALSO IN CONFLUENCE WITH THE 61.8 FIB FROM THE DOUBLE TOP. RBA STATED THE CURRENCY IS STILL OVERVALUED AND NEEDS TO BE LOWER SO THIS SHOULD WEIGHT ON AUD WHILE CHF HAS GAINED STRENGTH MOST LIKELY BECAUSE ITS A SAFE HAVEN CURRENCY.

remelthomas

PRICE PULLED BACK INTO MY BUY ZONE. TARGET AT MAJOR PHYSIOLOGICAL BARRIER AT 100.00. THIS PAIR BROKE ABOVE THE 200 SMA COUPLE DAYS AGO SO THIS COULD POTENTIALLY BE THE START OF A NEW UPTREND ESPECIALLY IF WE CLEAR 100.00.

remelthomas

I EXPECT RBA TO CUT RATES. AUD HAS GAINED SOME STRENGTH AND THE RBA HAS STATED IT IS OVERVALUED SO THEY'LL NEED TO CUT RATES TO BRING THE CURRENCY LOWER WHICH WILL HELP SPUR GROWTH. ANOTHER REASON THEY'LL CUT RATES IS BECAUSE IF THEY DON'T CUT RATES THIS MONTH THEN AUD WILL GAIN MORE STRENGTH FROM THIS WHICH IS NOT GOOD FOR THE CURRENCY SINCE ITS ALREADY...

remelthomas

PRICE HAS STRUGGLED TO BREAK THIS KEY RESISTANCE WHICH IS NOT A SURPRISE BECAUSE PRICE HAS ALWAYS STRUGGLED AT THIS LEVEL IN THIS PAIR DATING BACK TO 2008. A TRIPLE TOP FORMATION ON THE 1 HOUR CHART SHOWS BEARS ARE DEFENDING THIS LEVEL. WE HAVE RBNZ STATEMENT COMING OUT IN A COUPLE MINUETS SO I WILL WAIT TO SEE IF THEY ARE DOVISH. THERE'S A GOOD PROBABILITY THE...

remelthomas

PRICE HAS BROKEN OUT OF THE CHANNEL AND HAS NOW RETESTED IT ALONG WITH A SMALL STRUCTURE SUPPORT LEVEL, A HAMMER CANDLESTICK WAS FORMED SHOWING BUYERS HAS STEPPED IN. THIS SETUP IS LOOKING LIKE A GOOD LONG OPPORTUNITY BUT PERSONALLY I,LL BE WAITING TOMORROW TO SEE WHAT THE BOC GOV HAS TO SAY IN HIS SPEECH. IM HOPING FOR A DOVISH STATEMENT BECAUSE THIS WILL WEAKEN...