SwissPips

EUR/AUD: Bearish flag in progress, 50+ pips to grab!

SwissPips 업데이트됨   
FX:EURAUD   유로 / 호주 달러
Hi guys,

I hope you enjoyed your weekend!

Back this morning with a new idea. EUR/AUD is currently developing a nice bearish flag.

Entry prices and targets are mentioned in my idea.

Please feel free to like/comment my ideas.

Best,

Jesse

코멘트:
HEAD AND SHOULDERS IN PROGRESS

I am selling at a higher price:

Selling @ 1.56250
Target @ 1.55560

코멘트:
1H VIEW

코멘트:
UPDATE

코멘트:
Guys there is another long-term trend line which I don't like because it could act as a support...

I am shorting now the pair @ the market

Targeting The support of the trendline

코멘트:
TARGET: 1.56130

23 PIPS
코멘트:
Off for a while

코멘트:
FYI

1.56130 is the bottom of the trendline acting as a support as well as the low of mother candle. It could potentially be a strong support. Wanna get out of the trade before it bounces again
코멘트:
The pair tested again the highs but is blocked currently by a double top on M5.

Should go down from here

코멘트:
I usually always wait for a breakout but since I saw the H&S I decided to short earlier this time
코멘트:
Testing the highs again.

The mother candle was taken on H4. So we have to wait until H4 breaks the high or low to decide what to do. In this case we still have 1.10 hour to decide.

Keeping my bearish view
코멘트:
I will add to my shorts if/when price will break the trendline. It will be a sell at higher prices!
코멘트:
H1 breakout could be a fakeout.

Let’s see where it goes
코멘트:
H4 close at the high of its mother

Keeping my position
코멘트:
ok guys price needs to quickly reverse or I will flip my position.

코멘트:
Sorry wrong printscreen

there you go

we are still in this pattern (at the top)

코멘트:
This is the kind of structure we currently have

코멘트:
It is still a bearish flag...

코멘트:
The daily is pretty bearish

코멘트:
We could have this pattern in place

H&S

코멘트:
We don't know if the pair will react again at the support trend line and go up again.

So the idea is the following: We target the trend line and then we take profits.

Then we wait til price breaks the whole structure with a re-test and then we short again .

Is it clear?

Of course price must stop rising from here and start going down for this scenario

코멘트:
Price still contained into the pattern

코멘트:
M30 engulfs the two previous bars

코멘트:
Buying volume has been decreasing for an hour

코멘트:
It looks like buying volume has been stopped as shown below

코멘트:
Still in the trade.

The pair is pulling-back, we broke the main trend line.

The short-term pattern is the following

코멘트:
OK guys the trade didn't go as expected this time.

I will average my position and exit somewhere on the trendline (check out my chart below).

I will add to my current shorts as soon as the trend line is broken.

I don't like this huge Daily candle, so I will only play the pullback on the pair.

By averaging the position, and hopefully if it goes successfully to test the trend line I will go out of the trade with a small profit.

Best,

Jesse

코멘트:
코멘트:
The pair broke the trend line. waiting for a test of it and then I will short

코멘트:
Last update for the day, it's already late here.


Best,

Jesse
코멘트:
hi guys,

the pattern developed during the Asian session.

I am lowering my target (which means more pips).

This double resistance + bearish divergence in term of volume should bring price down today.

코멘트:
5-min view

although price is going up, volumes are no longer supporting this move

코멘트:
This will be my 1st TP.

I will take my profits at the support line and will short again as soon as the whole pattern is tested to the downside.

It's a continuation pattern so the pair should go much lower
코멘트:
YEP, this trade is DAMN boring

코멘트:
Testing the trend line

코멘트:
I have already shorted twice. But If I had to short this pair, now would be the perfect moment IMO! Trying to add some stuff about my trades on FB check out my signature for further details!

코멘트:
Target around 1.56400 (BOTTOM OF THE TREND LINE)
코멘트:
Nothing to do except wait until it goes down :-) Enjoy your day/end of day/night guys!
코멘트:
Hi guys,

the pair decided to test the trend line again but the target remains unchanged

코멘트:
pulling back again....

코멘트:
Stil a sell yes...

코멘트:
Well....
코멘트:
Look at that nasty pullback in 2h30.

More than 40 pips

코멘트:
코멘트:
It looks like the pair reacted at the 50% retracement with a pullback which was rejected. the pair now is continuing its bearish move.

So my target of 1.56400/1.56350 (which is 61.8% fib retracement) is still on the table.

코멘트:
I give/gave some extra updates on my FB page, check out my signature and follow me there as well :-)
코멘트:
Update on my FB signature
코멘트:
Hi guys, made an update with explanations and new targets! check it out on my signature
코멘트:
Would love you to interact/comment there as well if you are on the platform! Cheers
코멘트:
Price is trading at the trend line and testing it.

코멘트:
코멘트:
코멘트:
Hi guys,

I haven't published much since the pair was consolidating. We should have some nice PA next week.

The flag is about to break.

Stay tuned on FB and here I will add some content.

Enjoy your weekend! Very sunny here in Switzerland :-)

Best,
Jesse

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