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Launch Chart
23 hours ago
EURUSD, 240 Long
8 1454
Could be very volatile day in view of the schedule event. We might spike low or end the day lower. However it is worth looking for intermediate term long entry either today or early next week.

Technical Summary:
1. It seems that since march low the entire rise has been a WXY zigzag with recent high on 24th August been confirmed by RSI momentum high.
2.The decline though strong still lack clear 5 wave impulse counts. Hence I am treating this as corrective.
3. We have effective Pitchfork (schiff) which has caught the upside well and could now offer potential support at the lower parallel.
4. We have polarity zone lining up with whole number (minor) and several rib retracement and projections.

Conclusion:
Looking for long in the 1.1 -1.09 region.
Failure would below 1.08

Warning: This is my interpretation of price action using TA approach that I consider helps me most but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views.

For those who appreciates my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up, comments and sharing it with others. If you have an alternative idea then please be constructive and share for all to learn from.

Thank you for taking the time to read my analysis.

DanV
danv-charting.com
18 hours ago
GBPJPY, D Long
12 584
Hello, one of the features i like from TradingView is that i can use it as my personal log. All charts are saved and after some time i can come back and analyze my common mistakes and how can i improve my performance.
Im saying this because one month ago i published and idea looking to sell the C leg of a potential bullish bat:
https://www.tradingview.com/chart/GBPJPY/U03iuRtw-GPBJPY-agressive-C-sell-bullish-bat/

I took that trade but booked profits too early, got too emotional after the China crisis and did'nt follow my plan. This is a common mistake i think most traders do: to take profits too soon and keep losing trades too long.

I also realized that i dont trust my own analysis/charts and manage a trade looking every candle on the same or lower TF.

Its a great true that psychology is 80% of a succesful or failed trader.

Having said that, we see here a perfect bat near to completion:

- CD=1.61 AB leg
- long term level of S/R
- expected SL and targets on chart

Follow your plan!!!

Bes regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).



15 hours ago
GBPAUD, 240 Short
7 170
Hello
We have few potential reversal points in my opinion but most likely this pair can be berish around reversal point 1 and 2. The targets are based on two patterns and are highlighted on the chart.

Lets see and Good Luck
19 hours ago
GBPAUD, 60 Short
3 443
As i posted before, i think this pair is about to make a big decline. After that ugly spike its tricky to find an entry point, i dont want to miss this trade!!
https://www.tradingview.com/chart/GBPAUD/zSidxeR5-GBPAUD-We-can-still-catch-the-big-decline/

This is my plan B, looking at H1 chart price retraced to 0.61 fib retracement after a possible double top.
Other details on chart.

Regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).


17 hours ago
EURUSD, 240 Neutral
2 551
Here's how I am seeing the EUR possibly moving next week. I will be doing a complete analysis over the weekend on this pair from a clean slate and try to determine the direction. For now, this is just a preview of what I am looking at and what you can look at yourself.

In the 4HR chart above, I'm showing a couple of possible directions that I think the near term movement may go. Prices have so far moved back into the contracting triangle that I had labeled a month ago and have stayed in there this week. The NFP did nothing to change that. Is it possible that prices could still trace out the triangle? Yes. It is. But for now, the upper and lower trend lines of this triangle are back in play and will have a say in what happens next.

DAILY CHART - Adjusted Wave Count + Twp POTENTIAL Bearish Bats
I had posted these 2 POTENTIAL Bearish Bats more than a month ago. They are still in play and will come more into focus later as prices start moving up.
https://www.tradingview.com/x/puZy4Jwx/

After a another uneventful NFP, no clear direction short-term has appeared. I am still OVERALL BULLISH but I do believe there will be some bearish short-term move before a major turn to bullish.

As of now, I am not in any positions on this pair.
1 day ago
EURUSD, 60 Neutral
3 528
Closed this trade for a -92 pip loss when prices slipped and closed below the X point of this bat making it invalid. Also, due to NFP coming soon, better to now take unnecessary risks on this pair. I don't envision taking any positions on this pair until after the NFP and then I'll re-analyze it over the weekend.

Yes, there is another bullish bat that just completed at the current levels but I will not take it.

Good luck!
1 day ago
SPX500, 240 Short
11 1489
Hello, according to my count wave 2 green seems to be finished.
I expect a final decline for wave 5 red circled. As always ema 55 is confirming this count.
Invalidation level above 1996.
Be careful tomorrow we have heavy NFP news.
Regards.
1 day ago
EURUSD, 60 Neutral
2 1109
As we approach major news events, one exercise I like to do is assess the possible wave picture before the event so when the volatility of the event hits, I'm mentally prepared with a plan. For anybody that has traded for a while, we've been caught in 'chasing' mode during a volatile news event countless times and it is no fun.

What strikes me is that Thursday's sell off stopped at a confluence of wave relationships near 1.1090. Therefore, as the labels on the chart suggest, the potential for a move up to 1.1300 is elevated.

Even if Thursday's sell off was a wave 'b' of an expanded flat, that still suggests a bounce higher to at least 1.1250.

Retail sentiment has been increasing which suggests the longer term trend is shifting lower so any bounce higher may be one to consider shorting...but not until the 1.13 area.

A break below Thursday's low in conjunction with a GBPUSD break down may suggest a powerful 3rd wave lower is already underway.

*Feel free to share your views as well. I'm always looking for other options.

1 day ago
AUDUSD, 60 Long
4 660
With this pair continuing to decline, I have set a firm S/L at 0.69489 which is at the very limits of a possible Cypher C point. If prices surpass this point, then I will be out and will be waiting for another signal to trade short or long.

I have said that if 70 cents did not hold, then 60 cents could be targeted. And it is starting to look that way. But I will stick with my plan for now.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.
17 hours ago
AUDUSD, 60 Neutral
5 231
I am closing this trade at this time and for the weekend. I will re-analyze this pair over the weekend and see what is happening before deciding to make any trades on this pair.
19 hours ago
EURUSD, 240 Short
1 498
EURUSD trades slightly below major support 1.1100 and this confirms intraday weakness a decline till 1.1045/1.100 cannot be ruled out.

On the higher side minor resistance is around 1.1136 and break above will extend gains till 1.1150/1.1178.

Trend reversal only above 1.1200.

It is good to sell on rallies around 1.1105-080 with sl around 1.1150 for the TP of 1.1048/1.1010
1 day ago
USDJPY, 60 Short
4 446
Sorry I didn;t get to post this yesterday but here in China, it was Victory Day and the internet was just being blocked like crazy and I could not get through to Tradingview to post ANYTHING!

But anyway, I sold at 120.660. So I have added more SHORT positions to my portfolio of SHORTS on this pair. I did so as my wave counts were indicating to me that a possible wave iii of v was starting so I'm trying to catch it. As of this post, there is still plenty of pips to be had on this wave iii if my wave projections and patterns do play out as projected.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.
14 hours ago
CADJPY, 30 Short
10 106
CADJPY broke below the ascending channel and later rejected 38.2% Fibs resistance. I'd expect it to move lower to hit 0% Fibs area near 88.80. This drop should not take longer than 48 hours.
1 day ago
EURUSD, M Long
8 1240
Many people will turn bearish here, I'm incredibly scared of taking this trade myself, so I'll try to short today's 50% retracement to enter risk free. I still want to try this.

The setup is to buy the retracement, as low as it gets, while above the mode.
There's also a range expansion bar in both weekly and monthly timeframes that gives us a chance of buying below the 50% retracement from open to high (use the true range 'open') to take profits at the retest of the high of said bars.

In this case, this is extremely dangerous considering the daily chart, but worth a small 0.1-0.2% shot.
See the comments for the daily short setup and more information about the downtrend target and the rgmov readings.
Good luck!
Ivan.
1 day ago
EURUSD, 240 Neutral
0 452
This trade I posted 10 days ago (see Related Ideas: "TRADE: EURUSD: Sell@1.16209 Completed Crab SHORT Trade") has now hit BOTH the TP1 and TP2 for a combined profit of +696 pips. I am now closing ALL positions on this pair in front of the NFP today. I will wait until after the NFP to see what is happening and what to do next.

As prices have fallen as it has, my BULLISH outlook on this pair has not changed. It's just a mater now of WHEN the bullish uptrend I am expecting will occur. Picture may become clearer after the NFP.

18 hours ago
XAUUSD, D Neutral
2 187
US figures give higher chance again for first FED hike. USD is stronger, and Gold has been under pressure in last two days. I already got stopped with slight positive (rather close to zero) profit from my initial longs.

Daily:
- Neutral Ichimoku with increasing bias to switch back to bearish
- Bearish Heikin Ashi

4H:
- Bearish Ichimoku
- Bearish Heikin Ashi
- Bearish momentum is increasing.

I stay neutral now as I don't know if daily Kijun holds or not, Price, Tenkan and Kijun are all in Kumo, so picture is still strategic neutral for me. Sit and watch until I see a better probability, higher risk/reward setup.

It could be bullish only with break and close back above 1140-1145. Until then the bias is bearish again.
1 day ago
XAUUSD, 240 Short
6 204
1/ As I said few days ago, the XAU/USD was in the new trend of falling.
2/ The last high point didn't go above the A point, which indicate the XAU/USD is in falling way.
3/The price recently broke all the Moving Average Lines of 30/60/100 days in 4hours Chart and the UP-TRND line too.
4/Suggest:
Open short order between:1124 - 1130 .
SL at 1140 - 1150. (above the MA lines or above the last high.)
Tp at 1080 - 1084.
Risk/Reward Ratio is about 3.

5/ Don't forget to thumbs up if you like it.
Thank you.

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And you might check the referent chart down here.
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