LOTS OF UNCERTAINTY WITH GBP BECAUSE OF THE ELECTION WHICH IS CAUSING THE POUND TO DEPRECIATE. PRICE BROKE OUT OF THE RANGE LAST WEEK AND IT IS NOW LOOKING TO RETEST THE RANGE LEVEL (SUPPORT TURNED RESISTANCE). THIS IS A TEXTBOOK TREND CONTINUATION PATTERN (BREAK,RETEST,CONTINUATION) IF PRICE MANHES TO RETRACE BACK UP TO MY SELL ZONE I ALSO HAVE 2 FIB CONFLUENCES...
#NZDUSD Multiple Opportunities (Gartley, Structure) @TradeYodha (TradeYodha.com) 1. 4H can form a Gartley Pattern but point B is a good support area so we can have a bounce from there too. It has 200sma in it. This gives us 2 opportinities for Long. First at point B and second at D 2. Point B can be seen in 1H chart as lower zone. We can target 1:1 R/R 3. 1H...
#GBPCAD Daily/4H Short Idea (Cypher) @TradeYodha (TradeYodha.com) 1. Cypher Pattern in the zone 2. 200 sma close to the zone 3. possible harmonic move Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
#EURJPY Daily/4H Short Idea @TradeYodha (TradeYodha.com) 1. Daily 50sma in the zone 2. 4H 200sma is in the zone 3. Fibonacci Cluster 4. Possible harmonic move on 4H 5. Very good R/R ratio if market holds this level on Daily as well. 6. Gartley Pattern in the zone Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or...
#GBPJPY Daily/4H Short Idea - @TradeYodha (TradeYodha.com) 1. Daily 200sma in the zone 3. 4h 50sma is in the zone 3. Fibonacci Cluster 4. Possible harmonic move on 4H 5. 38.2 Fib retracement on 4H 6. Very good R/R ratio if market holds this level on Daily as well. Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or...
#EURAUD 4H Short Idea (Gartley) @TradeYodha (TradeYodha.com) 1. Overall Down trend on Daily 2. 38.2% fib retracement level of last daily leg in the zone 3. 200sma is in the zone 4. Fibonacci Cluster 5. Harmonics Move Expected 6. Gartley Pattern in the zone As both 50sma and 10sma are lagging behind, I am expecting a pullback from the current price level and...
#USDJPY 4H Short Idea @TradeYodha (TradeYodha.com) 1. Previous structure 2. 50% and 61.8 retracement of previous impulses 3. 200sma and 50 sma close to the zone 4. Fibonacci Cluster 5. Harmonics Move Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
@TradeYodha (TradeYodha.com) #USDCAD 30Min Short Idea 1. Harmonics 2. ABCD pattern 3. Previous Structure 4. Fibonacci Cluster 5. 200 SMA in the zone Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes sense.
@TradeYodha (TradeYodha.com) #NZDUSD Possible Butterfly Pattern 1. Butterfly Pattern 2. Previous structure retest 3. 200SMA is close to the zone 4. Daily Time Frame has 10SMA in the zone Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a thumsup if it makes sense.
#GBPJPY Short Idea 1. Structure retest 2. Potential bat on retest 3. 200sma is close to the zone 4. 0.618 confluence with zone
ACT has been on a great bull run since breaking out from a pullback/consolidation (and the 2000 high) in early 2012 - as can be seen on the weekly chart. Unfortunately, the trend hasn't been as smooth on the daily chart throughout 2014 - with multiple breached of the 50ma (which should act as support). Since December 2014, however, we have seen the trend just...
@TradeYodha TradeYodha.com GBPUSD 4H Hour Short 1. Price action running in consolidation 2. ABCD pattern completes around 1.27 extension of AB (harmonic move) 3. Butterfly Pattern completes in the same area 4. 200 SMA is close to the area of possible short 5. RSI is reaching overbought but wait for confirmation and overbought scenario Plan your battle well in...
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible AUDCAD 15m Short Opportunity (slightly risky) 1. RSI Divergence 2. Double Top 3. RSI Oversold 4. 200 SMA lagging 5. Reaching a resistance area
After the recent decline on #GBPUSD to the weekly 200 moving average, price is now facing the daily trendline resistance. A failure here may take price back down to the recent lows while a breakout may provide reason for further strength. Although current pricing is indicating weakness as price is below the trendline, near term price has been in a range so as is...
The GBP/CAD has been stuck in a 400 pip range for most of 2014. This morning, the pair reached its 200 Day Simple Moving Average (Daily Chart) which also happens to be the range low for the pair as well. On ranging pairs, one of my favorite strategies is to buy at support on bullish divergence with the CCI oscillator. When inspecting this pair closely on a 3 hr...
USDJPY has bounced of the 200 Day Simple Moving Average and is currently resting on an area of support populated by several previous lows. Buying at current levels with a stop below the lows offers a good risk/reward opportunity for long positions.