The pair has rejected a break of the daily trend line and is expected to begin a decent down to the 0.65500 level with further downside to 0.65000 open. If the pair does form a candle with the body of the candle below the trend line it should confirm a move to the downside. Trade carefully and good luck!
The AUDUSD is in strong down trend. We expect selling at resistance zone and sure following the daily channel. Waiting for daily retrace on resistance zone and for sure PA ( BEOB, IB ). We know that US president votes coming so be careful.
On the EUR.USD Daily chart we have potential long and short opportunity's.
Bullish Gartley Pattern (Grey) - D leg completion 1.0612
Bearish Bat Pattern (Blue) - D leg completion 1.1378
Bearish Gartley Pattern (Purple) - D leg completion 1.1050
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential...
TRADE WHAT YOU SEE
During my Top-Down-Analysis which means for me that I am starting on the Daily timeframe, I thought this kind of process would be quite interesting to share.
1st: I identified the broken structure to the downside
2nd: I anticipated the outside return into previous strc. resistance, which completed last night during the asia session.
3rd: Now I...
Opportunity for short on AUDUSD, Buy on rejection from resistance, follow the price down to raising trend-line and then to first support level as marked.
A confluence of Fibonacci and support line around a harmonic pattern spells a long opportunity. The price may try to reach a Fibonacci level of 127.2% at 85.76 but fail since it is seriously oversold. For those who can't wait for the formation to complete as indicated on the chart, wait for at least 87.5 to break set stop a few pips below 85.76
Right now I'm Still Neutral on SPX500. This could all change IF we break & close below the Major Support level on the Daily time frame. IF, we break & close below that level, THEN, I would expect Price to run back down to Previous Lows (Green Dashed lines on Chart) @ around 1880's level.
So far in this Uptrend we have started making a series of Higher Lows which...
After the last news and looking back for the last 8 days, we could have an oportunity to go long on the GBPJPY expecting that the last rebound of the price on the 233EMA be strong and go forward breaking the roof of the fall and reaching the 127% target on the fibo.
This could last a while, two weeks maybe. So, in the meanwhile we have to be careful and stay...
watch for big weekly gaps that need to be closed before entering. Fundamentally the euro is bearish and the Aussie is neutral making this trade fundamentally sound as well
Nov 9 2015: BEARISH GBPUSD DAILY:Price break and close below support
(Analysis Based on DAILY chart)
Observations
1. Price near the bottom of short term down channel
2. Long term up channel (now broken)
2. RSI oversold
NOTE: Wait for price action to confirm the importance of this level.
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Nov 3 2015: BEARISH USDJPY Daily:Consolidating in narrow range; Bearish BAT
(Analysis Based on Daily chart)
Observations
1. For the past couple of weeks this pair has been trading in a narrow range.
2. Price currently at resistance
3. RSI overbought at swing high
4. RSI hidden divergence
5. Bearish BAT pattern
NOTE: Wait for price action to confirm the...
Nov 3 2015: BEARISH GBPUSD DAILY: In shallow down channel
(Analysis Based on DAILY chart)
Observations
1. Price in a shallow short term down channel
2. If price breaks upwards, larger up channel could form
2. RSI close to 50
3. Price just below SR zone
NOTE: Wait for price action to confirm the importance of this level.
If you find this information useful....
Nov 2 2015: BULLISH EURUSD DAILY: Waiting on gartley to play out
(Analysis Based on Daily charts)
Criteria
1. Up trend on the Daily chart
2. Price at daily Support level
3. RSI hidden divergence
4. Gartley pattern terminating slightly below channel lows
NOTE: Wait for price action to confirm the importance of these levels.
If you find this information useful....
BEARISH USDJPY Daily: Sell Channel top and SR Zone
(Analysis Based on daily chart)
Observations
1. Long term up channel
2. Short term down channel
3. Daily swing high
4. Weekly support/resistance zone
NOTE: Wait for price action to confirm the importance of these levels.
BULLISH EURUSD DAILY: Bullish Gartley pattern completed
(Analysis Based on Daily charts)
Criteria
1. Up trend on the Daily chart
2. Price at daily Support level
3. RSI hidden divergence
4. Gartley pattern terminating slightly below channel lows
NOTE: Wait for price action to confirm the importance of these levels.
NOTE: I currently have a BEARISH outlook on the...
BULLISH EURUSD: Price at daily channel lows
(Analysis Based on Daily charts)
Criteria
1. Up trend on the Daily chart
2. Price at daily channel lows
3. Price at daily Support/Resistance level
4. RSI was oversold at channel low
5. Gartley pattern terminating slightly below channel lows
This makes my proposal yesterday to sell between 1.110xx and 1.113xx a counter...
The AUD/CHF chart is something I have been watching for a little while.
I have been very bearish with many of the Aussie pairs on both a fundamental and technical level for some time, so it is no surprise that the AUD/CHF has taken a skydive this year.
Although I don't trade the daily chart I am cognizant of the approach and then the break and close above the...
False Break At Key Monthly Resistance
Potential Head&Shoulders Pattern Formed On Daily
Break, Retest And Further Drop From Daily TL
Close Below Daily Support (However Price Is Still Hovering Above It On My Trading Platform So Waiting For A More Significant Close
Price Below 20 And 50 MA
Price Has Broken Below Daily Support, Now Awaiting A More Significant...
