High probability with many confluences to the naked eye, 4 hour price action will bounce of the 38.2 FIB zone or the daily resistance if broken the 238 FIB and then continue the downtrend, creating a short opportunity.
Looking at a 1 hour chart, there are great things going our way. We see that the ADX shows very low power, and that the pair will make a big move soon. Since the ADX shows power being built up, we need to look for which way the move will be. The MACD shows downward momentum, and there is also divergence in the MACD. Take a look at the RSI. There is also...
With the indicator "Percent Candles Not Revisited Past Week" (bottom one). I count the number of candles that have NOT BEEN revisited at all during the past week. For example that we have reached a top of 3040 and the market has not revisited that price in a week. Well, it seems that price gets revisited pretty frequently. In this past week, only 5% of the candles...
Eurusd has big probability to break the channel downstream I believe that this will be a short-term good opportunity
Potential double top reversal. Short Daily descending trendline Hourly double top forming Horizontal Resistance at 1.094 Bearish MACD divergence
Enter at $8.20 , with stop loss at $7.79 and profit target at $9.02 . No fundamental analysis, just custom-made technical method. High probability bullish.
Description on analysis, comments and "Likes" are greatly appreciated. Kind Regards
EURUSD is on a downtrend High@27-08-2015 06:00:00 Low@28-08-2015 15:00:00 01-09-2015 21:00:00 open price was at 96% probability to go down line The pair so far retraced to Fibonacci 0.764 level which corresponds to 96% probability to move down The pair moved to Fibonnaci 0.382 which now has a probability of 75% of moving up The pair broke below Fibonacci...
EURUSD is on a downtrend High@27-08-2015 06:00:00 Low@28-08-2015 15:00:00 01-09-2015 21:00:00 open price was at 96% probability to go down line The pair so far retraced to Fibonacci 0.764 level which corresponds to 97% probability to move down The pair moved to Fibonnaci 0.382 which now has a probability of 75% of moving up 50% up / down probability line is...
EURUSD is on a downtrend High@27-08-2015 06:00:00 Low@28-08-2015 15:00:00 31-08-2015 21:00:00 open price was at 80% probability to go up line The pair went up retraced to Fibonacci 0.764 level which corresponds to 97% probability to move down The pair moved to Fibonnaci 0.382 which corresponds to neutral 50%/50% probability between up and...
Analysis of trend starting 27August to 31 August and its effect on trading 1 September The analysis shows the 50/50 probability line and probability at various levels inside the trend range
USDJPY reentered 1st standard deviation from weekly (120-h) mean after a sharp drop earlier this week In my previous chart I also mentioned that USDJPY held long term levels (see related) Price is now likely to tag the weekly mean, as it moves into usual lateral range USDJPY is also supported by BOJ, continuing its extensive monetary stimulus Traders can take...
EURUSD has broken above 1st standard deviation from quarterly mean (66 days) amid expanding volatility (measured by 3.2 standard deviations from quarterly mean) Upside probability is apparent, and the closes target is 1 year mean (264 days) at 1.1685. Move is confirmed when price breaks above relevant highs (1.1485) Stop level is quarterly mean (at...
GBPUSD is trading close to the 1st standard deviation from weekly (120-h) mean, but it has no slope. Volatility is not expanding (measured by 3.2 standard deviations from weekly mean) and is also flat. Thus there is not enough slope/expansion to show probability of trend - the Cable is likely to revert to the mean. Traders can pick shorts at or close to the...
AUDUSD is trading at the relevant highs above (but close to) upper 1st standard deviation from weekly (120-hour mean) -- which is a border of potential uptrend. However volatility is still compressing (measured by 3.2 standard deviations from weekly mean), thus risk of mean revertion downward is still there. Traders can pick longs close to the relevant highs...
GBPUSD broken below 1st standard deviation of weekly (120-h) mean amid expanding volatility, signaling probability of further downmove. Traders can pick shorts below or close to the 1st st deviation (at 1.5580) with stops at the weekly mean (1.5605) The trade will be confirmed if price falls below relevant lows at 1.5550. Traders should also be aware of...
USDCHF has recently broke down inside the 1st st deviation from weekly (120-hour) mean, after a significant leg of upmove. There is high chance of price tagging the mean now, as it needs to trade laterally now after the uptrend completion. Traders can still catch up with it by shorting (preferably closer to the 1st st deviation @ 0.9680) in view of price...
USDJPY has broken out from the 1st st deviation from weekly (120-hour) mean amid expanding volatility (measured by 3.2 st deviations from the mean). Uptrend probability arises if the price holds tests at pullbacks. Purely on technical basis, if price pulls back to the 1st standard deviation (at 124), traders can look for long positions with stop at the weekly...