As we can see on GBP/USD Chart the price already hitting the supply zone and there are 2 scenarios that will happen, just wait for confirmation on where the price will be going.
safe and happy trading
DailyFx Forecast
GBP is neutral
USD is neutral
Volitality is 2%
Trend Bearish
Outlook Bullish
As we cans see here on CAD/CHF price is about entering demand zone if so, then prepare to take long, but there could be a possibility that the price will make a new lower low (broke) so wait for confirmation.
CAD/CHF Forecast On DailyFx
CAD is bearish
CHF is neutral
Here we have an USD/CAD Chart, as we can see there a lot of possibilities, i only can say that wait for the confirmation candle either for long or short.
DailyFx
Trend = Down
Volatility = 16%
stay safe and happy trading
AUDCAD failing into dynamic range once again, with a possibility of a breakout to upside delivering a continuation of this bullish IRR retrace. On the other hand a break to the downside of this pendant will give us a better indication to where we should place our entries to trade this pair.
On March 29, 2017 Wal-Mart (WMT) crossed above its 200 day moving average (MA). Historically this has occurred 192 times. When this happens, the stock does not always continue to rise. It has a median gain of 3.407% and maximum gain of 36.667% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at...
Hello Traders,
In this short weekly outlook it is not about any trading setup rather than an opinion if Trump’s infrastructure plan will influence the direction of Oil prices in 2017 and beyond?
First, if we look at the US Oil price we can basically see three phases so far. We will start back in 2014 as oil prices started to plump massively in Q3 of 2014 from...
On the daily chart we can see that GBPJPY is in an ascending channel, simply watch for a buy at the bottom. This is a longer term trade everyone so hold it until the top.
GBPJPY comes with lots of patterns. 2 gartley patterns could form, while a triangle pattern is also forming. If we can break out of the triangle, then I will be long to the completion of the BLUE gartley pattern. Here I will take my profit.
Then if priceaction comes back at structure, I'll go long until price hits D completion of the RED gartley pattern.
Shall we...
DXY is meeting very important support.
If it breaks support, we can see some bigger move down on dollar.
If it breaks below support, We will probably see:
USDJPY on 111
EURUSD on 1,085
XAUUSD on 1260
This outlook is only for information. Do not take it as signals or whatever
Don't forget to trade with proper RM/MM and caution. Good luck
After 4H structure was broken and we saw perfect retest before next move down confirmed usthat we ready for downtrend continuation on weekly overview (Weekly candle closed bearish engulfing)
GBPJPY is now meeting some major daily support with down trendline at the same time.
If we see break and retest, we will be looking for some excact sell setups and jump on...
Just an outlook on GU. Will only take the right sell set ups. Obviously with my other Idea I'll be looking for shorter term swings on the D. But when we get to the top of the structure it's SELL SELL SELL homies! ;p
After a phenomenal (forecasted) Dollar DXY rally to >100, the Index must visit the south. Technically the EUR could gain vs. the greenback respectively the upcoming weak data could be make USD's life more difficult.
EURUSD is on daily timeframe more than a good LONG - it's ALL IN! :D
Hello! I hope everyone enjoyed the holidays! I picked up a few books on EW and a lot of my ideas are updates as I progress my understanding of the EW principle. Thanks for feedback so far, the likes and comments! Let me know what you were thinking! If you like the idea give a thumbs up and if you had an idea post it in the comments. I'm looking forward to 2017 and...
