Fundamentally I have the USDJPY valued at 115-118. that's a conservative valuation and also a short term valuation. I think the USDJPY will consolidate at this level until the newyear and be somewhat range bound comparative to the GBPUSD. technically: I have a bearish bat forming at what I have the termination of wave 3 from my EW analysis. This also lines up...
Prior to the 11th of December this pair was trading in an upwards trend with key resistance around the 0.78000 level. After the break of this market structure, there has been a number of minor re-tracements, and price is currently trading around the 61.8% re-tracement inside a daily supply & demand zone and coincides perfectly with the 0.74600 support/turned...
61.8% fibonacci level coinciding with a daily supply and demand zone. Previously stuck in a downwards channel and is seeking liquidity for any further moves higher. I would expect to see more re-tests of this downward trendline before any significant market structure changes.
In case you trade harmonics and don't bother a risk above 50 pips, this might be an interesting trade setup for you. Pair is pulling a harmonic move to the upside and might reach 1618 Fib extension, which will align with previous level of structure looking left. Pretty decent Risk Reward ratio on this trade. We are not getting involved because the trade violates...
Trend continuation trade. Daily chart shows price moving towards price level @.03400 (uptrend). Fib confluence @.03318. Nice risk reward ratio.
ABCD pattern lining up very nicely on TLT. Will look to go long with in the money calls after I get a good reversal signal
HELLO TRADERZ! SO THIS IS WHAT I'M LOOKING FOR IN THE AUDUSD AFTER AN H4 HEAD AND SHOULDERS PATTERN NECKLINE BREAK. LET'S SEE HOW THIS GOES!
looking @ a potential bearish gartlety setting up on the 15 min chart Possible reversal zone of 101.607 to 101.839 TP 1 @ 101.273 TP2 @ 100.951
looking at a potential ABC correction with about a 56 PIP move to point C. Will go short after a candle under candle confirmation and further price action at the open. SL @ 101.165 TP 1 @ 100.548 TP 2 @100.381 Thanks for viewing Bud
Looking at a possible bearish bat forming on the USDJPY. 102.511 is the .382 retracement from the July 21 to Aug 16th swing also which could also be an area of resistance. Looking at a reversal zone of 102.511 through 102.580 SL @ point "X" 102.654 Initial TP @ 102.211 final target @ 101.946 Thanks for viewing Bud
Non-Farm was lower than the last month (see last gold post) and we have filled our buy targets right on the money as Gold is now struggling as Fib extension 161.80% with a failed break and close below this level Friday. Gold has scope to go higher however it'll need to close above Friday's high to confirm this. Right now any failed re-test of the blue zone is a...
We broke structure, now we've come back up to retest a previous level which coincides with the 786 Fib level. For these reasons along with a few other we've taken trade. Always remember to look at the bigger picture, always use higher time frame analysis!!!!
We got a .786 retracement following break of structure to the downside. Price didn't break our previous highs so trade still valid. Looking at targets back down at structure offering us up a risk reward of close to 1:2. Probability suggests it just about wont come but the Risk reward is such that these trades are worth taking.
Heikin-Ashi Spinning top indicating consolidation or Reversal to Support or 50-61.8 PRZ. Profit Target is the 127 Fib Ext, which corresponds to the Montly 38.2 Fib. Also, some divergence with T3-CCI
Looking at a long entry once I get a candle over candle confirmation off of the .618 retracement of the 26 July thru 2 Aug Elliott 5 wave swing high and low. Initial take profit at the 1.272 extension @1.13011 Stoploss set just below the .618 retracement support level.
Possible AB=CD harmonic pattern combined with a head and shoulders pattern. looking to go long at point D after candle over candle confirmation. initial take profit @ 1.83062 stop loss @1.815 which appears to be the next level of support on a higher time frame. comments more than welcome Thanks for viewing Bud
AUDNZD bullish Forecast 320 Pips Target: Daily 1.618 Fib Extension @ 1.0530 - Support in April 2016 and Resistance in Nov 2015 Bullish Kings Crown Reversal on 2H chart StochRSI Going UP