As you can see in the chart, there's little to no space in the range where USDJPY has been locked in for some time (since the recent lower point), so here's some things to think about: The US Dollar Index ( USDOLLAR ) may breakout the resistance and go higher Or it may get rejected at the resistance and come back all the way down Considering both...
Hello and good morning traders, I hope you all had a great trading day yesterday. Lot's of big moves, making way for great opportunities. I'm looking at the EUR/USD today on the 4 hour time frame and we've come into an 886% completion for a bearish bat pattern. Stops and Targets are in place, looking for a potential move down into Target 1. Star Prosper Philip Stewart
The SPY is overbought, and is about to decline. Seems like a longer term reversal will be in place. This is a natural adjustment to the interest rate environment. Following the link related to this idea, you'll see a further explanation using the Shiller CAPE Index Plot that is frequently updated on his Irrational Exuberance website. My target price is 180 over...
Hello and good morning traders, we're on the AUD/USD 1 hour chart and after seeing the news make a huge impact to the market, we no doubt also see the market respecting structure and fibonacci as usual. I'm currently trading the bearish gartley, looking for TP1 and maybe TP2, if we come up and test the 127% again and close above that, we can wait for a bearish...
VIDEO: www.youtube.com Hello and good morning traders, just got involved with a bearish bat pattern on the EUR/JPY Have identified confluence, sell zone, stops and targets. Please trade at your own risk. Plan your trade and trade your plan. Star Prosper Philip Stewart
VIDEO: www.youtube.com With the AUD news just hitting the markets, we have a lot of market hype with the good news coming out. Still managed to bank pips by using the strategy in the photo above. New video released today going over previous patterns and potentials, will keep you posted in a follow up tomorrow morning. Star Prosper Philip Stewart
ALL CURRENCY PAIRS IN WHICH THE USD IS THE DENOMINATOR HAVE BEEN FOLLOWING A SIMILAR ARC SHAPE SINCE THE 2009 RECESSION. AS WE CAN SEE HERE, JPYUSD, CADUSD HAVE REACHED THEIR PREVIOUS SUPPORT AREAS. ONE CURRENCY PAIR THAT HASNT REACHED ITS PREVIOUS LOW IS THE AUDUSD. ALL MARKETS WORK TOGETHER, THEREFORE I BELIEVE THIS PAIR IS LAGGING COMPARED TO IS RELATIVES....
$NQ never trigger and now may present a good opportunity. We are waiting for a close above 4275. Once this takes place we will look for trigger longs. HAPPY NEW YEAR!!!!!!!