With Jason out of town I’ll be pulling double duties helping out with the morning War Room as well and today I had about six potential trades on my radar. I typically don’t actively trade on Monday’s but I will be keeping an eye on the NZDUSD for multiple trading opportunities. Bigger picture I’m still looking for a chance to short this pair once we retrace to our...
HERE ME MIGHT SEE A POSSIBLE BULLISH CYPHER PATTERN SETUP. WE ARE ALSO AT A STRUCTURE LEVEL WHICH WILL ACT AS SUPPORT FOR OUR TRADE DESICION. D LEG NEEDS TO COMPLETE AT A 0.786% STOPS BELOW THE x LEG TGT1 0.382 TGT2 0.6185
Although I don’t day trade on Monday’s I have a handful of pairs on my radar for my swing trading portfolio. Multiple patterns on the EURUSD, a few setups on USDJPY, NZDUSD and of course the chart above on EURAUD. We were watching this pair last week for the bullish breakout and now that we’ve gotten it, the next chance to hop on would be at a pullback. Looking...
After the run up we saw in this pair yesterday, we are seeing a pull back or consolidation which is natural. Im expecting price to retrace atleast back to the green trendline with an expected target of around .7160
Confirmations: Moving averages Chart patterns Candles Volume
Purely Technical Outlook: Based on the price data going back to 1994 if that was the IPO of the company, then it has rising to 2014 high in clear 5 wave impulsive move and could now be making a major retracement of the entire rise. Not particularly sure of the fundamental of the company but its price weakness could be compounded by wider market weakness and it...
According to the fact of the Fibo, and Support Resistance on a bearish trend, i am persuading about short on USDMXN Fibos:Retracement, follow 2 pullbacks, and bearish trend, on a 1 day chart, Position Short on 15.21 Exit on 14.98 if support is broken@ 14.98 Exit on 14.70 Low Risk , Ready To Pull Some Pips.
Here we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression. I believe that the market will rally down into the 1.618 extension of the BC leg before consolidating again, or reversing. I have placed my entry at current market price, my stop is at the...
FIB RETRACE AFTER TESTING SUPPORT, SHOULD GRADUALLY INCREASE UNLESS IT BREAKS THROUGH SUPPORT.
I just longed the USDJPY at 106.920. Drawing a support line on the 4hr chart, along with the Fibonacci Extension, the target profit for this trade will be at 109.720. Join us on Facebook at www.facebook.com
Idea is based on a combination of Elliot Wave theory and Median Line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets and stop losses. Good Luck
this chart is a bit messy but i think that it includes most of the trendlines that are worth taking note of. MACD has rolled over and is signalling a long position. there are a few possible wedges that could be drawn, we are already below one of them. Im looking for a retrace to around 1.373 and looking to add more shorts. The large red line is a weekly...
at the currencies like low to high(like usd-euro) its working but i need to be sure thats why i wrote this message in this place:) give me feedback please
This has totally failed! While doing this I noticed that when I drew the Fib Time Zone that it lined up really close to the peak to peak line that I drew. As a matter of fact it seems that every peak has been following the Fib Zone 1,2,3... Now price predictions are going to be much harder to predict. Since there isn't an old data to base future up swings on...