adriel.arrasmith

adriel.arrasmith Mar 2, 2015

This is a very high confluent trade with fundamentals to back it. 1. SSI Index showing high percent of retail traders short 2. Just completed D of a AB=CD pattern 3. At the .618 fib level of the last leg 4. Holding support at a prior resistance area. 5. Divergence of the 4 hour 6. Also, you can see the trendline is holding as well 7. AUD news coming in about 24...

adriel.arrasmith Feb 19, 2015

We just ran into some resistance at 1.548, which was a prior support area. Also, we have a bearish wedge with RSI divergence. Finally, we are at the .786 fib level of the last area and have a crab pattern that has completed as well. Keep in mind we have also not officially retouched that major broken trendline on the daily. I am going to stick to the trend here...

adriel.arrasmith Feb 16, 2015

There are many technicals at play here as to why i'm short from 1.469. I am targeting 1.433 where we have some prior resistance, fib level, and where AB=CD.

adriel.arrasmith Feb 16, 2015

We have a small triangle that was broken out to the upside then retracting creating a false break. Now we have broken the bottom of the triangle opening the floor to 2.01500-2.00. You can the rectangle on the chart with multiple confluences of where we should very well see support.

adriel.arrasmith Feb 9, 2015

The dollar is at a pretty huge level to potentially pullback at least if not greater losses. Currently, the USDCHF is at the 50% of the last leg and also right under the 200 ema on the daily. You can also see were are consolidating pointing to a big move one way or the other. Once we break this 1 hour trendline I'll be looking to sell or wait for a retest to sell....

adriel.arrasmith Jan 26, 2015

AUDNZD has reached all time lows. Price action has now rebounded slightly and now retesting the broken trendline/prior support. You can see we also closed the week as a pin bar. I am expecting to now see 0.9800-0.98500, which is where AB=CD and the 1.618 fib level of the last leg.

adriel.arrasmith Jan 20, 2015

notes are on the chart. We also put in a head and shoulders on the 4 hour chart/diverging confirming a bounce.

adriel.arrasmith Jan 18, 2015

Notes are on the chart. We should very well test 0.85.

adriel.arrasmith Jan 16, 2015

Notes are on the weekly chart. We are also diverging on the daily rsi. Very good r:r trade.

adriel.arrasmith Jan 5, 2015

I'm sticking with the overall major trend here even thought there is sellers. This is a large supply area where we coincidentally tagged a trend line right above the 50% fib level, which is known to be a huge support area in itself. Should be a nice ride.

adriel.arrasmith Nov 25, 2014

We have a pin bar on the daily that closed so that's why i'm long and then a bullish engulfing shortly after, but I wanted to show this on a smaller time frame. We just broke the trendline on the 1 hour and put in a head and shoulders. I am target the 1.145 area

adriel.arrasmith Nov 18, 2014

We just finished a bat pattern and closing with a 1 hour pin bar. First target is at least 1.422

adriel.arrasmith Nov 12, 2014

AUDNZD short target

adriel.arrasmith Nov 12, 2014

Long from 1.44050. We have multiple inside pin bars here at a huge support level. I think 1.445 is very possible in the next trading days and from there the trend may continue down, but we'll see.

adriel.arrasmith Nov 12, 2014

Showing a 4 hour to showing the rsi break and price channeling down. I was previously long, but now short.

adriel.arrasmith Nov 10, 2014

Notes on the chart. I am long :). Update: so strange that i'm doing this, but I closed the long trade and going short. I'm convinced were going down....looking at eurnzd and gbpnzd as early indicators. 2nd Update: Closed small short scalp and now long again.

adriel.arrasmith Nov 3, 2014

The NZD is about to take a turn across the board. EURNZD completed a shark pattern. Also, at a recent trendline. Finally, a pin bar closed within the 8/21 ema. I am long :).

adriel.arrasmith Oct 29, 2014

All the notes are on the chart.