On Friday EURUSD reached the target at 0,9685 and this morning we have another 100 pips drop! In moments like this, it is pretty obvious why we should trade with the trend! The only thing that we have to focus on is a possible pullback and a continuation lower. The next support level is at 0,9510!
As much as I like to prize this Crab Pattern as the ultimate setup for the week, this Bullish Crab Pattern has a major warning sign. Trained Harmonic Pattern traders can comment at the bottom. The reason I would still consider this a Crab Pattern is because the levels converge at 104.08. The better setup this week is the Bearish Crab Pattern on the USDJPY...
82.16 is an important level of NZDJPY on the daily chart; that's the support level of the Bullish Flag setup. While some traders are non-believer of the Flag Pattern, 82.88 provide a good level for the trend traders to head in for a shorting opportunity in advance of the move.
A Bearish Crab Pattern has been completed. I'm waiting for the USDJPY to checkback at 144.56 and wait for a shorting opportunity. This could give counter-trend traders and opportunity to jump onto the trade.
GBPUSD is on a bearish trend; you may wonder if GBPUSD will hit parity with the dollar. The next level of support is at 1.0554, the market has to break and close beyond the level before we talk about Pound Parity with the US. The immediate resistance level that I'm waiting for a shorting opportunity is at 1.1212.
EURUSD is on a Bearish Trend, trend traders and trend continuation traders can wait at 0.9813 when the market retest the Key Resistance level for a trading opportunity.
Week 38 has been very eventful to say the least. On Wednesday we had the Fed raise interest rates by an expected 75 basis points for a third consecutive time. This created uncertainty within the markets which provided us traders with volatile conditions. SPX went down 6.2% after the meeting on the 21st however the dollar gained even more strength which is...
As market price drops through key areas of support, we reach an important support level at 0.658. With Further bullish confirmation and a rejection of this level we look to enter on our 15 minute time frame and target the 0.670 region.
Yesterday, EURUSD continued trading inside the news candle. Like we said before, in case of break and re-test, we are heading down towards 0,9685. You shouldn't enter right now. It's best to wait for a breakout or enter on a pullback. This move could take some time to complete and it should not go above 0,9910.
EURUSD continues the downside move. We now have a new low and price almost reaching the level that we shared before - 0,9800. The direction remains the same even after the news and our next target is 0,9685. Entries could be made after a pullback and rejection or break and retest of 0,9811. We are not looking to buy while price is trading below 0,9910!
Key Resistance Level saw within the sell zone/ supply zone on the GBPJPY. As long as the market didn't break and close above the red box; 163.71 is the level I'm looking to continue to short the GBPJPY.
Key support level on the 8-range bar, I'm waiting for the bar to close and respect 142.56level for an aggressive buying opportunity.
This trade setup is tricky. Near the top there was some consolidation with higher closes. The most interesting candle here is the giant wicked shooting star. this is followed by a bearing engulfing. But! A larger Bullish Engulfing brings price back high again. The next candle confirms that the bulls are losing out: spinning top. This is followed by a Bearish...
Market looks bearish at the moment monthly and weekly candle are red . So I’m watching the daily for sells and possibly buys . I will take a sell with 1% risk to gain 3% if price breaks below 18,719 and I will take buys if price breaks above 19,622 with 1% and to try to gain 3% I’m giving this setup 24hrs to try to play out. If nothing happens I will simply reanalyze .
Hello everyone, Nasdaq has been trading down this year, but it has made a new swing high and a higher low on daily timeframe after reaching a key zone (explained in the video). RSI is showing bullish signals on daily and H1 timeframes. Buy on the m30, after candlestick signals on Fib levels, and catch your profits! Goodluck, Joe.
GBPJPY on the 1hourly chart at structure; any plans you have, traders? Initially, it was the entry point to a Bearish Bat, but it is invalid now. Can anyone of you tell me why that is so?
EURUSD is rejecting the resistance zone but it looks like it is going to wait the news tomorrow. Before that, it could continue trading sideways without forming lower lows. You can look for aggressive entries on the rejection or wait for further confirmation for more conservative positions.
Have a closer look at NZDJPY, a 4hourly chart. My setting to the chart is (UTC +3), which means the candle close will happen at 1 pm (GMT +8). For this setup, I will not wait for confirmation on the 1hourly chart. You will understand why if you have a strong trading foundation.