On Friday the daily range was 37 pips whilst the 20-day ADR was 65 pips. That's almost 50% short of hitting the daily range. When price misses the daily range projection, the following day or next few days, price will compensate that. Price expansion should happen and if it happens today, then I hope a 70 pips run today. The 20-day average daily range (20-day...
Jpn225 has been making the long move to test the resistance. Although I caught this move late, it’s a couple pips away from the R zone
Our Dax and ESP 35 trades are continuing as mentioned in previous posts. It seems cheap money and easing will keep stocks propped as there will be nowhere to go for yield. Of course, a geopolitical issue or black swan event can nullify this...and I believe there will be a confidence crisis approaching. However, we will deal with that when it appears and the bond...
Thanks for viewing, After last weeks unexpectedly deep 50 basis point cut by the RBNZ the NZD has lost ground against USD www.ft.com Against a back-drop of a very bullish gold/USD price this has resulted in gold breaking its 2011 all time high. I get the feeling that the a new monetary easing policy (QE4?) is around the corner from the Fed, so we are at the...
Hi, I'll try to do an experiment. Usually, those trades are totally out of my list but currently, the situation almost requires to do it. Currently, the riskiest pair on the Forex market is GBPJPY and I'll try to catch that huge "falling knife" with a purely technical level :O Fundamentally, this pair is totally smashed into the mud but do we can gain some...
daily chart shows audjpy has bounced off weekly trendline, price than made an ascending triangle but failed to break to the upside and did the opposite. Price was selling off instead, made a correctional move after impulse kicked in and broke through minor support which has now become minor resistance. Waiting on price to retest resistance for confirmation that...
AUDJPY H4 and daily chart long I draw to the charts a possible uptrend line
The Nikkei is showing a potential head and shoulders pattern on the 2 hour chart. If we do break below the support at 21620, then we would await for a lower high which would be a retest of the break. However, ideally, would like to see a bounce and then a lower high which would make the head and shoulders pattern. Price is turning at a resistance zone (21800)...
Is it possible to see a price compression on EurJpy. In fact the price is moving within the channel between the static support identified by 61.8% of the Fibonacci retracement (placed at 120.05) and between the static resistance identified by 50% of the Fibonacci retracement. Technically, so far, this pair is set downwards. This on short/medium term time frames....
There is a significant risk of price exhaustion and a move to the downside on USDJPY. Look for a break of support in blue to short. The Hidden Market Order for MT4
107.900 level which was attempted several times was finally broken. Bears are putting a lot of pressure, in fact we are more likely to test the low of the year 104.830. Possible targets: @107.000 (+30pips) and @106.000 (+130 pips). Advice: Stay bearish and sell at any high points while we don't break the 108.000 top level.
Actual view: After settling and rejecting on the support zone containing the low of the year, prices soared up moving to the old resistance area. Odds of a bull trend continuation remain high. Possible targets: @123.000 (+65pips) and @123.500 (+110pips). Advice: Stay bullish and buy at any low while we don't break the @122.000 bottom level.
Weekly - Bearish Engulfing Daily - The trend is downwards 4H - Healthy correction on the ascending channel. 4H - Bearish candlestick pattern "Railway Tracks" on the strong resistance area Wait for a 4H candle close below 71! Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my idea post by hitting...
61.8 fib level reached with 30 minute candle closing as a doji. Long active with tight stop loss, great RR.
Do your own research and if this matching with mine then you are ready to go! Sorry for the mess and sorry for the short description, a quick post! ;) Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido