Re-test of Retracement Channel Swing High, Price Resisted Within Major Resistance Zone, Short AUDUSD (Again), 30th November 2016

Technical Analysis and Market Sentiment: I have shorted based on the same setup of a retracement channel completed within a major resistance zone but the trade failed with minimum loss…

Continue ReadingRe-test of Retracement Channel Swing High, Price Resisted Within Major Resistance Zone, Short AUDUSD (Again), 30th November 2016

Major Retracement Channel, Top of Major Support Turned Resistance Zone, Short AUDUSD, 28th November 2016

Technical Analysis and Market Sentiment: The price was seen falling from the top of a major falling channel based on W1 chart and is now resisted at the top of…

Continue ReadingMajor Retracement Channel, Top of Major Support Turned Resistance Zone, Short AUDUSD, 28th November 2016

Retracement Channel Completed After 2nd Wave of Trend, Price Approaching Major Resistance Zone, Long AUDUSD, 2nd November 2016

Technical Analysis: The price has gained and completed 2 waves of the trend since it rebounded off from the major rising trendline. The price is now appreciating towards the major…

Continue ReadingRetracement Channel Completed After 2nd Wave of Trend, Price Approaching Major Resistance Zone, Long AUDUSD, 2nd November 2016

Continuation of Crab Pattern, Retracement Channel Completed at FR78.6%, Long AUDUSD, 31st October 2016

      Summarized Analysis, Trading Plan and Modification: The price has rebounded off from a major rising trendline after a Crab was formed within a key support zone. The…

Continue ReadingContinuation of Crab Pattern, Retracement Channel Completed at FR78.6%, Long AUDUSD, 31st October 2016

Fell from Top of Sideways Consolidation and Major Resistance Zone, Retracement Channel Completed, Short AUDUSD, 25th October 2016

  Technical Analysis: The price has been falling since it got resisted within a major resistance zone and top of a major consolidation. The price was then seen supported at…

Continue ReadingFell from Top of Sideways Consolidation and Major Resistance Zone, Retracement Channel Completed, Short AUDUSD, 25th October 2016

Price Gained on Crab Pattern, Rebounded Off From Bottom of Falling Trend Channel and Key Rising Trendline, Long AUDUSD, 13th October 2016

  Technical Analysis: The price was seen gaining further on a crab pattern at FR127.2% since it rebounded off from the bottom of a falling trend channel, overlapping with a…

Continue ReadingPrice Gained on Crab Pattern, Rebounded Off From Bottom of Falling Trend Channel and Key Rising Trendline, Long AUDUSD, 13th October 2016