Monthly and Daily direction is down and have met a ll the requirements for a Cloud Breakout: 1. Have a break below the Cloud. 2. Have a TK cross 3. The Chikou is below price 4. The future Kumo is bearish 2 Potential entries for this trade: First; The Breakout trade. Entry is 4 pips below the low of the Breakout candle (in this case we have to adjust for round...
WELCOME TO DACAPITAL TRADING!! FREE VIP SWING SETUP 1 HOUR H1 Pullback towards 112.970 Pin and Support Level. 4 HOUR Small Pullback and bearish reaction from 113.700! DAILY Very bullish market with several Highs formed, following this move. LEVELS BUY CHFJPY @ 112.260 SL @ 112.970 (30 Pips) TP @ 113.640 (40 Pips) RR: 1.30 Be patient about our Swing...
Sell USD/CHF 1.00459 Take Profit 1 at 0.99712 Take Profit 2 at 0.99226 Take Profit 3 at 0.98415 Stop Loss at 1.01014
XAUUSD is approaching its support at 1220 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1226 (38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.
USDCHF is approaching our first resistance at 1.0096 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.9965 (horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also...
AUDUSD reversed off its resistance at 0.7295 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 0.7201(38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
AUDCHF is approaching our first resistance at 0.7315 (horizontal pullback resistance, 61.8%, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.7217 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a...
EURUSD is approaching its support at 1.1358 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.1406 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 3% where a corresponding bounce could occur.
I love it simple Exited my trade earlier when a continuation pattern about to form Didn't go long here, I just wanted to share a trade setup idea, will come back to it next week Happy weekend guys...
The Dow Jones continues to print higher highs for now, as Wave C progresses within A-B-C corrective rally, as discussed earlier. Please note that wave C would be equal to wave A around 26500 levels and also the fibonacci 0.786 resistance is seen through 26350 levels, indicating a pretty close convergence. We are now changing our stand fro neutral/bullish to...
Gold prices corrected lower since yesterday but support came in close to $1221/22 levels as seen on the 4H chart presented here. Please note that price action keeps the structure intact, and the yellow metal remains well poised to push higher towards $1250/52 levels at least, if not any further. The 4H wave structure remains intact and unchanged as discussed...
The US Dollar Index continues its bearish outlook for now, as presented on the 4H chart here. Looking again into the wave structure, it remains intact with probabilities of a flat A-B-C formation. Wave B most probably terminated at 97.20 levels last week and Wave C cold be underway now, towards 94.70 and 93.80 levels, going forward. Please note that prices should...
The EURUSD continued pushing higher yesterday as expected, printing highs at 1.1500 levels before retracing lower again. We still remain optimistic about the Wave Structure presented on the 4H chart view here. It is indicating that EURUSD could be underway to unfold into a flat A-B-C. If this structure stays, we could see the existing rally continue higher towards...
This pair has been Consolidating in this Zone from the last 45 months or you could say 4.5 Years. This pair has been ranging in between approximately 600 Pips. The Price Broke the monthly Trendline in the mids of May-2017, but we didn't get enough bulls to push the price higher. At the Moment a clear break on the either side would decide the trend for this pair.
XAUUSD is approaching its support at 1211.93 (50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1238.06 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 7% where a corresponding bounce could occur.
CHFJPY is approaching our first resistance at 113.97 (Horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 112.49 (horizontal swing low support, 61.8% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might...
NZDUSD is approaching its support at 0.6721 (61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6792 (horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
USDCAD is approaching its resistance at 1.3172 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.3102 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.