Doji (star) in 21 exponencial moving average AUD USDThis pair is in a good and long trend in D1 time. But, in Monthly it is making a doji while touch the 21 mme. In the Weekly time the pair is kind of losing forces and it is a little far from average. Besides the trend of D1 graph, i want to sell. A made some lines and figures trying to show this "reversion" in the D1 (but according to the long term Monthly graph).
If the prices in Monthly graph go upper the average, then the trend is lost in monthly and the sell is lost too. But i trust the Monthly trend. LOL
Doji
EURUSD Doji signals sellThe 12 hour chart and daily chart show clear reversal signs, long wicks at the top where further movement up was denied. If former price action is any indication, price is likely to move to former resistance levels around 1.122
Comments or idea's, please let me know below!
Thanks for reading and good luck trading next week :)
Another free trade.You must short this one.I know CHFJPY is not a common pair but I can not leave it when I get a signals. Right now the market is on the resistance. On one hour time frame, the market formed a doji. It is having difficult in crossing that level. There is a high possibility the market will reverse and continue with downtrend. I will hold a little and watch how the volumes will appear and then I will decide if I will short this trade. May the market favor us.
What a quiet day on the market looks likeSo the FED meets this week on Tuesday and will make some statement on Wednesday or something like that. Trading volume is light, AAPL has earnings coming out mid week. The market seems quiet... so is it? Often if the market is quiet, I check some of my favorite freak out stocks (big movers). Here is a great example of what a really quiet day looks like... GOOGL not moving a bit... quite rare actually.
GBPJPY - A Juicy Gravestone Doji formed [4HR] A very nice looking Gravestone Doji has formed on the 4-hour chart for GBP/JPY. A few points to note:
A) Daily failed to close above 170.00
B) I expect an ABCD pattern to form. If correct, then the timing of this Gravestone Doji is perfect. The ABCD pattern may start its C/D leg at around the 167.00 level, of which is where the downtrend ended and a great buying opportunity may present itself again.
CAUTION:
When trading Doji’s, you should be extremely cautious. The market is telling us that something important has happened, however, what that is I’m not sure. Also, I’m assuming an ABCD pattern is forming, so this trade fits my plan and price may just continue to smash up to the 172.5 level.
For this trade, I would place my stop at 170.00
Plucka.
GBP/AUD: long playConfluences:
1/ trend
2/ 50 ema bounce
3/ doji
4/ deceleration
5/ fib play 61.8%
6/ Bullish MACD
7/ 2.145 as support
Took this trade last thursday ( Sept 17 ) but again because of this pullback today, 400 pips are still on the table, 170 pips are currently in profit. I see this pair go to 2.20
USDCHF Channel - Bullish ContinuationSince the de-pegging of the Swiss, price became somewhat erratic, however the last few weeks have seen price moving nicely within this channel. Once again price reached the bottom of channel, coinciding with the minor daily support of 0.9700, before forming a double doji bottom formation, which should signal a bear move, a daily golden cross, supports the strength of the current trend and recently the Swiss has had some unusually poor economic data released, with PPI missing it's already not so good expectations, coming in at -0.3%.
Obstacles here include the 0.98000 SR Level and the fact that the movement that brought us back to the bottom of the channel was a massive bearish engulfing candle.
That said, an entry price above 0.9800 resistance, a SL below previous days lows and an initial PT at 0.9900 would make a good 1:1 trade, but we believe price will make it at least as far as 1.000 giving a reasonable 2.24:1 Reward:Risk ratio.