Aussie Dollars trading

Break Out on Weekly Chart

Last week sellers made a Break Out on Weekly chart, after breaking Bullish Trend line.I was looking to see a pull back, but Buyers din’t show they presence at all, and Sellers keep they direction. And after this second week ,look like Sellers are committed to go to the 200MA. Since we pass all major resistances, this should not be hard to achieve.

Volume: On volume part, Sellers Keep they commitment and even make it stronger.For those who miss last trade short, I suggest to wait for a pull back. It may happen may not.Taking short right know, is very risky.

Aussie Dollars waiting for a pull BaIk

I was working this week to see where&when we should see Aussie price pull back for next Long/Short trades depending on your strategies.

On 240min chart 6A , we are testing past trend line, this trend line was great support for sellers.Right now, it look like it may support Buyers Price. And give them some momentum to bring Aussie price Up.

One of the reason why It look like we may get a support here, is because buyers volume start to increase as we move at this trend line(60min chart). And Aussie are Over Sold,if we compare to 50MA.

For those who are looking to take Short Position, wait till we go back to 50MA

Aussie dollars chart 60min

I choose 60min chart for those who are interesting to take next Long/Short Trade. On 60min we can clearly see a bearish Trend with very nice Lower-Higher trend and 50MA who act very well to take Short trades/or for Long Targets.

Right now,Aussie are in a small consolidation , sellers have hard time to break this new Buyers Support trend line.  For traders who are interesting to go Long, your first targets will be 50MA. Control your stop properly, because I won’t be surprise to see sellers come back and retest 0.9700 price.

For those who are more likely to take short trade, 50MA can be a nice area where you can take a Short Trade, but as I said before, is less risky to wait till Aussie price go back  to 200MA ( 50MA on 240min chart). And your first short target will be 0.9700 ( retest last lowest price), following by 200MA on weekly chart.

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Aussie Dollar waiting for a pull back

AUDUSD Chart

Head and Shoulder Pattern, give us Short Direction on AUDUSD

As you all know, I mention this Pattern long time ago, and it finally give us a Direction.

Right Now, Seller taking a break, since we hit 2 resistance ( Greet Bullish Trend line and My Fuchsia Resistance).

On volume side, you can see, that Sellers was as strong as first time. Will see if they can keep this commitment for next move short.

6A Chart

What Next? AUDUSD creating a Bearish Trend, and will see if we stay in till we hit 0.9650 price.

For next week, I will like to see market go back to my consolidation zone. A this level Buyers will hit 2 sellers resistances. 200MA and my “My Buyers Resistance“. IS also Targets for Long direction. I reccomand to wait till buyers get at this level, and then take a short one. Why? On last move short, Sellers was as strong as first time, And I don’t see a clear signal to go Long on 1440min Chart.

Good Trading Everyone! for any question feel free to contact us! Looking to make money on regular basis? contact Us! Thank you!

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AUDUSD Day Trading

GC chart

GOLD H&S Pattern ( what we may See)

On 240 and 120 minutes, we can see a nice Potential of H&S Pattern. If this Pattern Succeed we should finally see if Gold will go Long(above 1500points) to or Short(retest 1340points). Few trader are thinking gold will keep losing value again very soon. For my self, I’m not sure any more, why? 1st I don’t like when we reach 50% Ret. of Fibonacci and start to consolidate. And 2nd, on Friday, Sellers finally break the consolidation, but fail to keep gold price under 1440 points.

Is why I’m will just watch how gold will react at Right Shoulder.

Take a note, to see this H&S pattern, few thing need to be done:

1st Ressistance: Buyers need to pass this Consolidation Area to be able retest my 2nd Resistance.

2nd Ressistance:  this Area are very important, if Sellers show Up at 200MA, they may fail by get in the market too fast. But If they let buyers pass 200MA, and retest the double top, the 200MA will be a Resistance for sellers, since buyers will be above. And it will be harder for sellers to close under.

3rd Resistance: at this level sellers should stop,let buyers get back in the game, and then will see if Gold direction will be Long or Short.

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Gold H&S Pattern

GBPUSD

GBPUSD 1440min chart:

Few weeks ago, I mention about GBPUSD need to go back at 50% Ret. Fibonacci. and then we will see Sellers coming back. Finally last week Buyers get there and Sellers start to show up. Buyers fail to pass many time 200MA on daily chart, and be at the top of Bullish Trend, sellers show up and bring GBPUSD price down, and try to break Bullish Trend. But they fail.

Right now, we have to option,1st Sellers will break Bullish trend next week, and we should see a nice drop to go back and retest 1.4830 price. If buyers are back, we may see a consolidation for next week.

6b day trading

GBP/USD 15Min chart

15Min chart will show us if GBPUSD will fall in a consolidation or sellers will keep doping GBPUSD price down.

What I’m watching for?

If Buyers close above 50MA , we will go back to the 200MA ( they may never reach 200MA if they start to lose momentum at half way).

If Sellers keep this 15min chart bearish trend, they will retest the double bottom, and if they succeed to close under the double bottom with same level of volume or greater than previous move down, expect to see GBPUSD price go back to 1.4830

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GBP/USD will it fall?

forex audusd

AUDUSD Daily

As you all know, I made this H&S call for long time already, before it happen.

We actually bounce twice on the right shoulder before get a direction. How ever, Now I’m looking how market will react in every resistance. Buyers can fail at any time or maybe not… is not a big deal for me.

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AUDUSD H&S Update

Day Trading GBPUSD

On Last post, I said I was more likely to take a short one since Sellers was supported by 50MA. well, since market never break Lower trend line, we was safe, and it was a great long trade for those who did take it, Congratulation!

For my part, I’m looking for one more potential Short Trade, and it look great now.Why?  Sellers keep GBPUSD price under 200MA, we reach 50% Ret. Fibonacci , we have another resistance just above 200MA, my bleu area. volume are not that great on buyers side.  And we are also at the top of bullish trend line.

What I’m looking for next week? Sellers get in the market, and go to my red line (Short Target). At this point, we may see buyers get back in the market to retest 200MA. Depending how buyers will act on this movement UP, I will update my post.

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GBPUSD 50% Short?

Day Trading Natural GAs

Natural Gas, Sellers are Back!

When Sellers try to break first time Buyers trend, and test 50MA, they fail. Buyers get in the market and push Natural Gas price UP with so strong volume that I was surprise they fail to reach the double top. however, they fail.

This Was the Signal for Sellers to start take control of NG.

So far I mad a potential bearish trend we could see next week.

Natural Gas day trading

Natural Gas, Sellers are Back!

Two Great thing happen on Monthly chart. 1st , last month Buyers was able to close above Over Sold Area. And next day, sellers start to take control. Why I’m happy?

Since Buyers close above 4.401 and support this price at the end of the month, they create a Higher Low trend. 

Now , I’m looking to see sellers drop Natural Gas price at 50% at least, and even better tif they drop till my Green Trend line. Now We just have to wait  for Long Signal, to buy some share of Natural Gas.

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Natural Gas, Sellers are Back!

gold chart

Day Trading Gold Weekly Chart

Will gold go lower? Well, on weekly chart we can see that gold got a very nice Ret. so far. Gold price fill the Gap, but was not able to pass 200MA on weekly chart.

Look at buyers volume on last week. Not much, very low in buyers commitment. Buyers was also not able to pass Bearish trend line last week.

day trading gold

Day Trading Gold ; 1440 min chart

On this chart we can see that gold hit 50% Ret. Fibonacci. my Targets are my blue line for Short position and 200MA for Long position. 

Volume: If you take a look on volume, you will see that buyers was not able to hit more than 50% of last sellers move. And every day they was losing strength.

We also,did not pass 50% Ret. Fibonacci and close with indecision  winning slightly by Sellers.

day trading gold

Day Trading Gold 60 min chart

As you can see,on 60 min chart we was and are on bullish trend all week. But at the end, Sellers did not let buyers hit the up trend of bullish trend, by creating a nice double top ( Red line). We also have a nice view of Sellers get in the market, very strong volume for 60min chart.

So far we did not break the bullish trend, and buyers are supported by 200MA and 50MA. Watch carefully if sellers will break this trend on Monday. If they do, we should see sellers retest 1400 price at first and then the double bottom from last move down.

Market start to be more exited don’t miss you chance, start to make money online every day. Learn How to trade and get in the Game! Great Trading for everyone, next week will be very interesting to see if S&P500 will make a turn over.

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Day Trading Gold

Forex trading GBPUSD

GBPUSD Forex Direction & Targets

This is an Update on last post on GBPUSD Targets&Direction. After few days,we can buyers having hard time to pass this first 50% Ret. Fibonacci and the 50MA. Right now GBPUSD price are between my Green Trend line and 50MA. Is in a consolidation and should break out very soon. I’m more likely to go for a short one, because Sellers are under my Brown Area line and 50MA. And in last few days buyers din’t have the same commitment as they did on past move UP.

Short:1.5103 -1.5047 – 1.498  Long:1.5377 – 1.5483 – 1.5551

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GBPUSD Forex

S&P500

Day trading SP500 Weekly chart Using ^SP-500 Chart

Since December 2012, Is a first time we see sellers candlestick with strong volatility. ~1550 price, are important for next week. For 5 weeks already, sellers try to close under this price, but every time fail to break this support. And every time  they show more and more commitment to close under this price.

On buyers side there no commitment anymore. Normally  when sellers fail many time to close under certain price, buyers will use this opportunity to bring price at new highs with strong commitment. But this time we don’t see this anymore….Probably at this point, Investors have no more money to invest anymore ..they realizing price are to High?  :)

s&p500 chart

On daily Chart, is more easy to see Sellers commitment on this move short, compare to others one during last last 5 weeks. Sellers finally achieve they goal on Thursday and close under 1550 with strong commitment. they also test MA50 and try to close under MA50. Is Normal they din’t succeed and we saw Buyers stop Sellers at this point.

Right now, we are in a fight zone (orange zone), and so far Sellers are winning. Next week, we will see Sellers break this resistance, and go to RR1&200MA on daily.  On Sellers road, they have few resistance, since we make new highs. But they should not show any strong importance  When Sellers decide to sell, is never easy for buyers to stop them, especially on small resistance.

ES chart

How strong are Sellers? On 60min chart ES E-mini futures we can see

On first movement Short, Sellers just break 200MA , No resistance at all from Buyers side. Volume are only controlled by Sellers. Sellers let buyers go back to about 50%, test 200MA, and one more time, bring SP500 price almost at same level than last movement short. After what we can see in volume sellers taking a break. And with low volume on sellers side, buyers can’t do much. Right now, Sp500 price, will test my Red trend Line, and probably 200MA at the same time. For what I can see, we are in a fight rage on 60min ( Orange Area). It will be very important to see if and how Buyers and Sellers will react on the opening of market.  Like always, Is important to see who’s in control, and how Sellers or Buyers Control they price.

volatility Index

Volatility Index on Daily

I make a post about VIX not long time ago, and mention to see if VIX price will be able to close above 200MA. First time they fail, but last week they finally succeed.  The importance of this move it can be critical for Market.

So far, it look like my red Short trend line, can be used as support for Vix buyers on this chart, and 200MA also. Now what is important to see, is if Vix will break Lower High Trend.

Short Target for SP500: 1532 – RR1 – RR2 – RR3                                                                                                                               Long Target for SP500: 1560 -1568

What to watch for? 60 minutes chart, how Market will react on the 200MA, I will say taking a Long trade is up to you, but for my self I will concentrate my effort only on Short trade, and will prefer to miss long trade.

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Day Trading SP500