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Thread: Which pairs are you selling and why?

  1. #61
    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


  2. #62
    The zone can also be in confluence with a resistance zone over the daily time period.

    KP

    Quote 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

  3. #63
    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...

  4. #64
    Hello GS! Which pair are you talking about?

    Trade safe and prosper.

    KP

    Quote 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...

  5. #65
    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.
    Quote 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...

  6. #66
    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

  7. #67
    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

    Quote 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

  8. #68
    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

    Quote 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

  9. #69
    I'm selling EurUsd, H4 is your timeframe. Looks like rejection.

  10. #70
    Quote Originally Posted by ;
    I'm selling EurUsd, H4 is your timeframe. Looks like rejection. image
    did you enter the transaction ?

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