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AUDUSD potential reversal pattern
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It is no secret that the AUDUSD pair has been in a strong uptrend for quite some time. That trend has been capped recently at 1.0200. My thoughts now turn for reversal possibilities. There has already been a break of the daily trend line established back in August. Before the last high a former resistance area was found from the 0.9900 to 1.000 zone. If this duplicates on the right side of the high it could form a head and shoulders reversal pattern and the beginning of a leg down. Using this overall outlook I will begin to drill down to smaller compressions and look for entries for sells between the 0.9900 and 1.000 zone. Fibs of the last run down on the
Buy EURUSD at 1.3585
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Buy posted at 12:50 pm ET for reversal set up. This pair has seen a fall this month from 1.4300 down to the mid 1.3400’s. In the most recent days a short climb back to the upper 1.3700’s has…
Pending Intraday Trade Posted
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! USDCAD pending buy at 1.0135 posted at 8:50am ET. Convergence of multiple technical indicators presents a barrier for support at this level. On the 1hr chart the Tunnel, Trendline, Historical Resistance and Fibs from the previous downtrend and current…
Buying USDCAD at 1.0070
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Today we are testing the top of last weeks range highlighted in blue in the chart image. Looking for support and bounce back to the low to mid 1.0100’s within this weeks range highlighted in yellow. Also we are bouncing…
Buy AUDUSD at .9915
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Buy posted to TAP at 12:15pm ET buy at .9915. We have seen several attempts to break .9900 and failed until now. This is the first time we have seen a candle O/C above that price on the 1hr…
Selling USDCAD Intraday
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Focusing on sells early today. For much of the month of September the USDCAD was range bound between 1.0350 and 1.0220. Early this week we are seeing a break of that pattern to the bottom of the range. If…
Buy USDCAD and USDJPY
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Buy for USDCAD posted to TAP at 10:02am ET at 1.0310. Buy for USDJPY posted to TAP at 10:04am ET at 85.76. Looking for directional purpose on both pairs. On the USDCAD there has been a break of the…
Buy USDCHF at 1.0096
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Buy posted to TAP at 8:36am ET buy USDCHF at 1.0096. Looking for long term reversal set up. Supports on left side of daily low from 1.0060 to 1.0090. Last low at .9930. Now looking for support again on…
Sell GBPUSD at 1.5635
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Sell posted to TAP at 12:38pm ET sell GBPUSD at 1.5635. Looking for bounce back down from test of the daily .50 fib of the last run down from the highs near 1.6000.
GBP/USD Chart Picture