ForceFollower

ForceFollower

Based on the weekly time frame, the trend should continue until price hits at least the lower border of the channel. The EUR is one of the weakest currencies, the USD is one of the strongest ones and their respective trends are strong enough for the pair's trend to continue to this goal.

ForceFollower

NZD/USD is continuing to double the upward channel to the downside. Currently heading down towards its lower border. Seek shorting opportunities, as the current down trend does not seem to be over yet.

ForceFollower

AUDJPY is approaching a key level within the system of parallel sloped lines - either a bounce (downwards) or a breakout (upwards). Either way it's at a level, where you can stalk a good trading opportunity. See, if you can enter a trade, risking as little as possible (1R), while going for 5R or more. Before you take the trade - accept the loss, ie. see your...

ForceFollower

The DAX is currently testing its recent sloped resistance line. There may be a potential opportunity to go short at the line.

ForceFollower

Price has been contained within a narrow corrective channel, which may be complete soon. There has been a nice bounce off the green trendline, which may be followed by another impulse wave. Looing to TP at the APP of 1.0 or at the upper border of the rising channel.

ForceFollower

Price's highs and lows seem to be clinging nicely to this fork, so I find it likely to be followed. Target? Either at the Median Line or even higher, Ret-9%, MLH or even at the level of $50. Risk management: make sure you treat every trade like an idea that can fail. A too strong opinion may make you take too much risk.

ForceFollower

After the massive decline, the correction continues. How high can it climb? As a Fib trader I would like to take profit at Ret-23.6. The SL below the most recent support/resistance area just below 51.5. And the most important: how much are you ready to lose, if it fails? 1% of your capital? No matter what, let it be no more than you risk on your other trades.

ForceFollower

After the massive decline, the correction continues. How high can it climb? Probably up to the nearest resistance, which based on the Ichimoku analysis is at about 57. This is where: 1) the most significant recent highs, 2) the flat level of monthly KijunSen and 3) the SSB of the weekly Cloud confluence. The Fib traders might want to prefer to take profit at...

ForceFollower

I think this market is still bullish, as it conforms to the supporting lines of the up trending fork. We haven't had any lower lows for some time. I think it's heading for the resistance level above and is going to test those prior highs at about 71.25 soon.

ForceFollower

It looks like an up trend has started to develop. Looking to take profit at the Highs.

ForceFollower

Palladium is in a very strong up trend. I think it will have yet enough momentum to get to another parallel line. As if it was about to score yet another level in the strength of the trend. So I went long at 1134.868; TP: 1158.500; SL: 1111.237.

ForceFollower

Sugar is in a very strong downtrend. I think soon it's about to test the Feb-2016 Low and then maybe even go to new lows.

ForceFollower

It's probably heading for the upper median line parallel and higher. You can see it's gathered momentum. Unless this trade turns out to be a loser, I'd looking to take profit at about 1,49.

ForceFollower

EURCHF has been trading in a range recently. I find it quite likely that the current path of price is heading for the prior lows. I think it can happen within the next couple of hours.

ForceFollower

Looking to go long at the bullish trendline.

ForceFollower

Looks like it's going to rally, fueled by the demand that was present at the current levels.

ForceFollower

Looking to enter at the end of the correction. Here's why it's a potentially good buying opportunity: - the buyers are still there, - price is going down to the potential demand zone, where more buyers are expected to show up, - likely support at the 100% size of the prior swing down (red line).

ForceFollower

Here's why it's a potentially good selling opportunity: - the possibly exhausted extended rally, - likely resistance (pending supply) at the prior highs, esp. the ones that broke the Oct. demand. So it's expected to get back down to KijunSen or even the Cloud.