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Flag pattern on USDCHFHey guys, this analysis may come too late but i want to share it anyway for i think it could be educational. On this pair price has recently created lower low, both on the 4HR chart and in the daily. Being the case, i'm expecting a bearish continuation. After a big impulse leg as in this chart we usually see brief form of consolidation like flags and triangles. Here we can see a nice flag pattern that has been broken to the downside. Price has already pulled back giving traders a chance to hop on the trend in a better position. I'm always conservative therefore i want to set my first target at the retest of the lows, just in case i'm wrong. The levels above are my entry, stop and target levels. If you have any question, don't hesitate to ask. Otherwise, see you in the next chart!
Short
by Roker1
EURJPY Bearish CypherHey everyone, Here we have a bit of a messy Cypher pattern on EURJPY. I entered this late last week and thought I had made a post but must have missed the publish button. Since entering the market has rolled over about half way to first targets, but it will be interesting to see what happens going into next week. Will be hoping for the volatility to pick up again now were out of the Christmas and New Years break and start bringing in the pips! Targets for this pattern are 382 and 618 retracement of X-C. Stop loss placement is a 113 retracement above X-C. Any questions just ask!
Short
by FIBSII
Price Action study with S&R AUD/USDThis is a study of AUD/USD price action from a novice forex trader's perspective just shy of 2 years live fx trading The aim of this study is for me to get better at the following: identifying "key" support and resistance levels identify good trade setups based off of my analysis of these support and resistance levels better understand the currency pair's price action in order to make better analysis and trade decisions learn from any mistakes I make in my analysis, trade setups, and biases on price action AUD/USD Daily Price has made a strong bearish moves down to a support area at ~0.71688 level Last time this price played a support role was back in June 2016 With the strong move down, and a historical support level, I like the idea of a short after price pulls back up from the support level. I think that price will try and test 0.71688 again Trade setup would only be valid if the daily candle closes in resistance area showing an "indecision candle" If price continues moving up I would wait for price to find resistance at a another level
Short
by psyd3fx
3
Potential USDJPY Bullish BatHey all, Here we have a potential Bullish Bat Pattern forming on USDJPY. the C-D leg is in a small period of consolidation, however hoping for a press lower to complete the pattern (a break of structure where the green line is). If we get this the pattern is more likely to complete. Will be looking for 2 targets which gives us a strong Risk Reward. Given the holidays I wouldn't expect too much movement however will be paying attention to tomorrows news. Fibsii Team
Long
by FIBSII
#Project trade like a pro - Short Ideas IF Price comes up again Hey Guys, DAX always offers some nice zones around numbers. See the marked zones. At the moment with all the fear about Brexit and more and more countrys leaving the EU its a mindgame for all people investing. Very fragile structure at the moment. Brexit gave a huge down gap which was bought immediately. Were making lower Highs... and lower Lows. Fib Extension Confluence tells us even lower targets. 55 MA Cloud moving under 233 MA Cloud At the moment 55 MA Cloud is near 233 And could move right in 255 MA with some Bullish pressure. THIS would trigger a Sell Signal. So watch on lower timeframes - IF we rally UP - Sell the Daily MA Clouds And Check lower Timeframes for more confluence and Entry Points: Thanks :) PS: Sorry for the Gaps in the Chart, i only got PRO ;)
INDEX:DEU40Short
by Fib.The.Gentleman
USDSGD - Selling pressure is still ON!Reason2Enter: Mid Term - USDSGD on selling pressure Since February 16. Overall bias MT is still downwards. However price met strong buying pressure @ 1.3422 that cant seem to penetrate through just yet. Trade idea: Sell when price hit obvious Resistance level @ 1.3700 area, Intraday, 5min, 1hr, 4hr. Stop loss 50 - 100pips depends on your TF. Take profit around 1.3572 for a 2-3R trade. If Price shoot past my SL, look to sell @ 1.3850 area.
Short
by Future6packs
Weak Corrective Pullback Hints at Continued DownsideSince late January, USDCAD has seen a significant counter-trend move to the downside after a sizable bullish run. On it's way down, price briefly found support at the 1.3390 handle (the first blue box) before breaking through it shortly after. After breaking through to the downside, this level got retested twice (the next 2 blue boxes) and met significant selling pressure which had formed a new low. Since then, we have seen a bullish corrective move slowly drifting back toward that major level. This recent strong impulsive bearish move and the lack of any real buying pressure hints at another potential bearish continuation. An ideal place to sell weak corrective moves is the 1.3390 handle. However, given the significance of this level, if volatility increases and this level is broken, this would also be a solid level to buy on retests. And be cautious of spikes in volatility around NFP. If you agree with this analysis, hit the thumbs up. If you want more content like this, follow me. Message me with any questions you have or comment. Happy Trading, Nazar.
by NBent