If FRS 17/12/2015 report 0.25-0.50 interest rate so traders sell positions target 1-1 EURUSD
It might take a couple years before another rally. The next 4 months I expect price failing at the red trend line and coming back down to 220-300 depending on how strong demand is there and therefore if it's worth for whales to try running the stops bellow 230. The 800-900 target is derived from meassuring the distance at the widest place within the triangle,...
Breakout accrued followed by test to the neckline.
Very clear H1 bearish double top formed, perfect setup for a 2618 trade to the downside. The only trade management that the 2618 requires is when price reaches TP1, we close half the position for profit and move our stop loss to breakeven. Otherwise we have our entries and exits in place and just let it run. Entry - 1.33210 Stop - 1.33831 TP1 - 1.32510 TP2 -...
2 year old log downtrend line finally broken with strong volume! Target based on equidistant channel idea in combination with S/R levels.
There is a very nice potential rally on FX:AUDUSD . As we see price has broken a bearish trend @0.7021, then made a pullback, then tested the high @0.7040 and now is ranging in ascending triangle. If the price breaks the triangle and makes HHHC, then we are in a bullish market. Our potential target is next structure @0.7096 with the confluence of 1.618 fibs...
Hello Traders! Today on my radar is FX:USDCAD As we see price is approaching the key resist level which will be the must watch level to go short. Currently price is moving in the wedge pattern and @1.3310 we might see the false breakout in order to test the wedge resistance and then fall down. As the price has tested this level many times, there is a...
Here is another setup on FX:EURJPY We have a very , very nice shorting opportunity. There is a very good structure @137.04, look left for more confluence. Besides the structure we have a completed bearish bat pattern. I suggest to go short at structure as the market has upward momentum, and according to my analyzes the structure must act like a wall. Our stops...
Here on FX:EURJPY we have a very nice harmonic moves inside the channel. This is so called 3-drives pattern and we have a very nice trade setup to go short. The structure and harmonic moves gives us the clear opportunity to sell. Our target is the next support level @ 134.72 with the confluence of fibs 50.0, and stops go above previous lower high. Note, that we...
On FX:EURUSD we have very nice structure based setup, which is in my radar today. Currently I wait for the price to retest the structure support @1.1244. We have a nice confluence of Fibs 38.2 right at the support level. So I look the price should finish the correction in the red zone and then rally up to the next structure level @1.13518, where we have fibs...
Hello traders. Today on FX:EURUSD we have very nice structure based short opportunity, that is double top. We see that price tested the structure resistance and now, if the price retests the structure level @1.1243, but doesn't close above the resistance, we should go short on NBM. Besides there are very good confluences here: Left top is overbought Bearish...
Consolidation phase is over. The breakout initiated a new trend. RSI is trending up while the price is breaking key resistance and moving averages.
Unemployment rate has declined below 6%, thus returning to levels usually associated with historical lows since 1970ies. 6% is an important number, as it is one of the targets of Federal Reserve’s dual mandate. 6% unemployment and 2% inflation are the numbers the FED is targeting to start unwinding monetary stimulus measures.
Price broke out of the previous range / consolidation and is bouncing off the broken resistance level that turned into support. Next we are heading to a retest of the 270 resistance area. Volume confirms the breakout and MAGNUS Cycles indicator gave a buy signal, too. RSI is hot but not yet overbought, allowing for more upside action to unfold. A break of the...
I expect a mirroring of the price action from the left side of the B point. Thus the CD leg should have the same (negative) slope as the XA leg. Then I noticed that it would form a harmonic pattern and I checked out the harmonic ratios. Turnes out that all are fib ratios. The OTE sweet spot is actually a fib ratio, too, but not many know it. Out of interest I...
We are in a crossroads between major trendlines here. This forms a triangle pattern on which you can apply fib-time lines to predict a breakout (0.764 fib-time). I added some interesting levels and other trend lines aswell. How to trade it: Depending on what side of the triangle (bottom / top) the price is closer to while approaching the 0.764 fib-time, you can...