Trade alerts for Friday Aug 12 are as follows . Two pairs in my radar :AUDCAD SHORTPrice is has been printing candles with long upper shadows signifying a weakness in the Bullish strength.
Todays candle (Aug 11th) shows strong Bearish strength.
I'm short on a break below today's candle .Entry : 0.99758Stop: 1.01320 USDJPY LONGPrice has retraced
AUDCHFTwo BEARISH Dojis around key Resistance zone.Entry: 0.75001
NZDCAD :Even though price did not reach all the way up to previous resistance , after Wednesday's price action you are safe to consider this as a Double Top reversal pattern.I have entered a Sell Limit order below to be triggered if price breaks Thursdays low with a stop above Wednesday's high.Entry : 0.93266Stop
EURGBP Short .Price has printed a BEARISH engulfing candle at a very key level. As you can see the market has printed a uptrend line over the last 8 - 10 days. However the lack of large solid BULLISH candles shows weakering BULLISH power.Following the minor Green bars over the last 8 - 10
Price has retraced following a parabolic downtrend. The retracement was capped by the BEARs rite at .38 Fib level which shows that the BEARISH pressure is still on.Enter SHORT - 1.82766Stop Loss above Aug 1st candle = -157 pips1st Target -
CADJPYBearish engulfing pattern printed on a key level. The bearish sentiment is also supported by the touch of the downtrend line.Similar to trade above another Bearish engulfing candle printed on a key level and downward trendline.Full
I'm short EURGBP. Following the run up since late June price has pulled back and closed below a key zone. What intrigued me the most was the fact that price got rejected to the down side around 0.84000 zone.Price came back up to that zone(0.8400) twice and was rejected by the bears.I decided to
AUDNZDAfter a downtrend since early May , AUDNZD has pulled back and provided a very strong BEARISH candlestick which indicates the continuation of the downtrend that started in May '16.Candlestick was printed in a key levelPrevious two candles show depreciating strength of the BULLS.Candlestick was printed at 31.8 Fib level and never did price
[caption id= align=aligncenter width=1623] EURJPY DAILY SETUP[/caption]Price action has made a Higher Low and showing healthy consolidation. Mar 22nd DOJI with a long bottom wick shows bullish strength . Looking for an entry when price breaks above Mar 22nd high.[caption id= align=aligncenter width=1581] NZDUSD DAILY CHART SETUP[/caption][caption id= align=aligncenter width=1581] NZDUSD 4 HOUR CHART[/caption]Price has