Looks as if we just hit the turning point for the EU! There is a possibility that there are upside to the 1.1300-1.1320 area, but Iweve closed all longs and are now looking for Short entry signals, We are now looking to SHORT if current Heikin Ashi candle are a significant RED candle, since we then have a confirmed loser high.
Target 3 still running for Swing major :) Se related for full analysis
We've seen price breaking daily uptrend when hitting resistance. And been ranging since, we now see evidence of a reversal back south in the weekly trend channel
EURGBP have been ranging since Mars, we are currently trading the upper level close to resistance (EMA633 4H/Supply zone) This is a nice (School book) setup for a bounce back down. Since we also see a bearish flag there is a good possibility that the pattern will breakout south. Piphunters will enter SHORT on this trade after close of ONE significant red Heikin...
The weekly bearish pennant and the daily at upper trend channel are all very good indications that we will go down south. Also the Dealers Desks chart (4H) are at EMA633 acting as support, also an indicator of an upcoming direction change. And on 1H we can see bulls geting out of steam and the bears are loading in the coal. Pipunters will try find aggressive...
This trade has the potential for a nice move up following the nice weekly/daily uptrend. Piphunters will look to LONG at the retracement on the lower 1H trend line and try find entries on5/15 M charts. Setup is invalid if price breaks lower daily trend line. Then we have to look for shorts and a possible trend change!
We can look for intra day entry signal (5/15 min chart) to short USDJPY with target at 4H trend line (~123,25). We are currently at a strong weekly/monthly Supply zone so we might expect an even bigger retracement. Be as usual we need to see how price reacts to the Zone, if price breaks the zone, you can get a very nice move up north. But in the short term we...
At the looks of it, we just had a reversal on upper daily trend channel at the major monthly trend upper trend channle line. Se now we need to look for a new lower high on daily. Piphunters took an agressive smaller sized position (three of them as always) after 4H Heikin reversal and we are currently on 60 pips profit. See previous analyse for more details
Gold are currently trading in the middle of Weekly/Daily trend channel, with direction unclear. So we are not touching gold until we see a clear trend/direction. This SHOULD be around the area 1140 to look for l long bounce trades OR the 1250 area for short bounce trades. But as always we aware of the breakouts. Gold will be announced when it is touchable...
This is probably the pair we will be looking most closely the in the Asia sessin opening, If we get a bounce north and a confirmed trend change (norse style) we might be en for many pips (hopefully) See related idea for full analysis
There are many factors telling us that the daily trend is about the change to the down side for this one. We have to look for short entries as long as price goes down from the current Demand Zone. Piphunters are looking to SHORT if we break below 1H trend line and we have 1H entries signal. We do not encourage to look for enties on lower time frames unless you...
As of right now piphunters can not see a clear price direction, it all depends on how price reacts to current demand Zone. We have strong uptrend on all time frames, but we are trading in the top of the trend channel on 1H and 4H chart, So I will watch this pair for a better setup during the week to come.
GBPJPY are retracing back down to the daily support line. You can take this as a counter trend trade and a bounce trade, back DOWN to the daily support area.. When hitting daily support line, we look to long entry according to Norse trading rules (see previous posts). Be aware of the week double top forming, so we need to keep that in mind if something doesn't...
NZDCAD has been in a weekly uptrend since its market intruduction, will the trend line be intact? For restrictive swingers we do NOT look to go long until we break 4H trendline with a Norse style(EMA12/36 cross over and new higher low) confirmation. Intraday traders can look to enter in smaller time frame (M5-M15) to find Norse Style entries. Rember: 1)Entry...
GBPNZD are trading in what i choose to see a bearish expanding channel. And we are currently at the roof of that channel. Piphunters are looking to short if we see intraday trendchange with the intention of turning this intraday day trade to a nice(we hope) swing trade. With a target at almost 2000 pips ( in the best of worlds :)) We are looking to short when...
Saw a similar image somewhere, so I tried to mimic it :) Anyway this is pretty much my logic when I started trading 15 years ago. Any one recognizing them self :)
Piphunters took entry at first Lower High after first EMA12/36 Crossover. But we can still catch plenty of opportunities if you missed the first one. We can expect a bounce to the upside at around the current area (EMA200/633) Short term LONG is possible at sign of price change at EMA200/633 with target @1.55 Then Enter SHORT SL and TP all depends on price...
Price has broken upper daily trend line and the 4H lower trend line seems to be intact. Entries can be timed on the 4H chart or the 1H chart. we missed the 1H sweet spot, but Piphunters will enter long at close at current 4H candle, IF it is a bullish candle of considerable size. Long: SL @ previous candle low (~1.3430) TP1:85 TP2:170Pips. Last lot leave as a...