Thread: Which pairs are you selling and why?

The AUDUSD market was in consolidation within a descending channel for quite a while. Presently price action on the daily time period is around the channel resistance at which a pin pub formed last week Thursday. It is likewise in confluence with the daily pivot (0.77715). I anticipate bears to take price action southward and goal the station service.

I might be incorrect. Trade safe and prosper.

KP

The zone can also be in confluence with a resistance zone over the daily time period.

KP

Originally Posted by ;

The AUDUSD market has been in consolidation in a descending station for quite a while. Presently price action on the daily time period is about the channel resistance at which a pin pub formed last week. It is likewise in confluence with the daily pivot (0.77715). I expect bears to take price action southward and goal the station support. I may be incorrect. Trade safe and prosper. KP image

Trying a limit at 154.050 that is the 78.0% retracement from 144.989 to the top at 156.606 about the weekly chart. 78.0% has worked in the past when a pair has gone through the 61.8% on a longer term chart; April is the worst month to short this pair; doing it because to me that the pair still has unfinished business from the 140's before it's free to move much higher - maybe to the 160's; maybe this will happen in December that is the second best month to buy the pound after April...

Hello GS! Which pair are you talking about?

Trade safe and prosper.

KP

Originally Posted by ;

attempting a limit at 154.050 that will be the 78.0% retracement from 144.989 into the top at 156.606 about the weekly chart. 78.0% has worked in the past when a pair has gone through the 61.8% on a longer term chart; April is the worst month to brief this pair; doing it because to me that the pair still has unfinished business from the 140's before it is free to move much higher - perhaps into the 160's; perhaps this will happen in December that is the second best month to buy the pound after April...

This is for pound jpy but was kind of meant to be pound generally: all of the pound pairs are strong now but I believe that's temporary and am running on that assumption; I attempted to sell too early last week utilizing a too short term chart (not usually my way). At the moment, Oanda reveals pound jpy 1/2 buy and 1/2 selling; see also the pound usd: it seems to me as it isn't going to 1.45 without a solid surprise positive data hit later this week and have set a limit order near there; I'm also running on the assumption that seasonal trends will prevail and the pound won't strengthen until December past April.

Originally Posted by ;

trying a limitation at 154.050 that will be the 78.0 percent retracement from 144.989 to the high at 156.606 on the weekly chart. 78.0 percent has been employed in the past when a pair has gone through the 61.8 percent on a longer term chart; April is the worst month to short this pair; performing this because to me that the pair still has unfinished business in the 140's earlier it's free to move far higher - perhaps into the 160's; possibly that will take place in December that is the 2nd best month to buy the pound after April...

Based on my weekly analysis, this week I intend to sell EURGBP. However, atm the price action has proceeded in and far southward the descending trendline I am watching on the H4 tf. Before searching for a sell trading opportunity, I am waiting for a pullback.

Trade thrive and safe.

KP

Price action on the AUDUSD is around the channel resistance atm. A sell trade would be feasible on the pair if price action significantly breaks below the monthly pivot around 0.77459.

KP

Originally Posted by ;

The AUDUSD market has been in consolidation in a descending channel for quite a while. Presently price action on the daily time frame is about the channel resistance where a trap pub formed last week Thursday. It is likewise in confluence with the daily pivot (0.77715). I expect bears to take price action southward and target the channel support. I may be wrong. Trade secure and prosper. KP image

Alternatively, should price action bounce off the station resistance, the zone might be flipped - at least briefly - and bulls may push price a little further northward. But I am still technically bearish on this pair.

KP

Originally Posted by ;

Price action on the AUDUSD is around the station resistance atm. A sell trade would be achievable on the pair when price action significantly breaks below the monthly pivot around 0.77459. KP quote

I'm selling EurUsd, H4 is your timeframe. Looks like rejection.

Originally Posted by ;

I'm selling EurUsd, H4 is your timeframe. Looks like rejection. image

did you enter the transaction ?