The Euro obviously is a weak currency though it rallied a couple of times the last month for no real fundamental reason . It seems it seized the opportunity to capitalise on the recent uncertainty surrounding the USD after the last FOMC statement left the market confused on its direction and after the poor NFP numbers that came out last week. Traders have been...
Trade ideas are based on my anticipation of an inverse head and shoulders. This should atleast help gaining some orientation for price action and time windows. Make sure to check out my other charts for more information. Feel free to leave comments or questions bellow and upvote this chart if this is usefull to you. Cheers : ]
With ATR on Friday being close to a low, and with fridays candle being an inside candle, I am going to place a bracket trade 3 ticks on either side of the high and low of Fridays candle. At the same time I am anticipating the ATR to expand.
This move can go either way Long or short. I've managed to draw out a wedge which will determine where the next move could be. If the candles are continuing to be bearish for the time being and managing to break through this wedge, it may be worth shorting up to the demand zone (TP). Otherwise if the candle tests the wedge and manages to bounce off it, a short...
The price has bounced on the previous support and resistance. I put a tight stop-loss cause if it brakes this line it means the trend possible have ended.
We see that GPB/USD has developed a decent bullish trend so I will go long in the pullback as the price has bounced on the Kijun-sen and the Chikou-span is above the price. I will put my stop loss a little below kijun-sen on the last fractal. Entry: 1.534-1.538 SL: 1.53116 Target: 1.54@
GBPUSD is an interesting pair that always has a couple of tricks up it's sleeve. But no matter which direction it goes now, we are prepared. We've got a bearish Gartley and a bullish bat here, so go ahead GBPUSD ... :)
LONG - We're at a strong support level and at the bottom of the consolidation. There's a good possibility we bounce here, which could make for a nice short term long. Levels of resistence are shown. A break above 218 would be more confirmation for long. SHORT - A break below 215 could get ugly seeing how volume has been high throughout this cycle.
It seems like we are likely to form a pennant here. Give it some time before it breaks out / down. Keep an eye on volume for confirmation. Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable. Other annotations on the chart. Cheerz : ]
We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box...
Wait for a voluminous breach of the purple triangle, and place shorts/longs in the same direction. I provided a couple targets for both directions. Small green arrows are 1.618 extensions of the big green arrows. They nicely land into existing key support/resistance levels. I prefer the upside as it would be a good point (in the context of the 2. auction) to...
(See the edit to Gartley #1 in the comment below) Looking at the 4 hour chart there are two potential Gartley patterns setting up: Gartley Buy Pattern (purple): Buy @ 1.9870 Sell @ 1.9770 (SL) (Note the typo in the above chart) Sell @ 2.0084 (TP) Risk: 100 Pips Reward: 210 Pips After the Gartley Buy, we also see a potential Gartley Sell with the CD leg...
Gold is probably the most hated financial instrument among the Wall Street elite. Higher gold prices would assume that this so-called economic recovery was not as real as they thought. Given the bearish all-out attack on gold and the well-sought after $1,000 mark, gold has be resilient and rallied quite nicely. There are a few factors for gold's rally....
GBP/USD "Cable" appears to have reached another bullish inflection point, as it continues to show signs of a rebound following the post U.S economic events rally. Long GBP/USD-short-term
Price action stuck in a supply zone, which also corresponds Fib. high to low retracement. A break and close would signal a move to the 200-four hour EMA with a second target at .89. If Aussie-dollar trades below, price action will likely trend to .8770, which is were price action support and moving average support meet. Non-directional bias, would trade in...
Quick charting on the 1 hour candle looks like we will need a bit of correction before another attempt to get above the long term down trend. Short term target 365 before an additional push up. More interesting opportunities to trade once we get above this line. Markets seem determined to be short term bulls so multiple attempts may be possible.
watch for a breakeout in either direction and trade accordingly. in case of a breakeout expect the price to reach the indicated targets. use a stop loss of around 1.5% for optimal Risk/Reward Ratio
Plans for both sides for the next year. The upside is more likely in my opinion and has the potential to continue beyond my target of 1522. The downside is limited. If it continues going lower from 830, you can assume we are in a gold crisis or something like that. Anyways, once the current correction down from 1900 is over, you can expect a steep reversal and...