Very straight forward bullish bat set up.Things don't have to be complicated to be profitable tho:) I believe EurJpy has a really nice potential of going even higher then my Target 2 zone,but it's from another analysis,not shown on this chart. For now just taking this long opprtunity.GL!
BTCUSD looks like it might rally here shortly. We see some strong resistance from below via the Ichimoku cloud. The OBV indicates strong buying pressure still. The MACD and RSI are right in the 'sweet spot'. Moreover, we have somewhat higher lows and a double bottom formation. The Fibonacci retracement indicates some nice profit targets, otherwise we can use...
AT&T is a terrible, clandestine company and they deserve to fail. This is not the reason I am shorting them, however. Since the downgrade on 10/09 the stock seems to have trouble achieving and maintaining new levels. Furthermore, the Ichimoku cloud indicates some resistance from above at 35.63 or so, there is a lot of room to spare before we reach that level. ...
Lower highs on the day chart note that the GBP is struggling to maintain footing. Further, the strong resistance from above by the Ichimoku cloud casts doubt on any bullish rallies. The RSI and MACD indicators suggest that this is an optimal time to enter a position. The Fibonacci retracement gives us some profit targets and stop losses, as well as a level at...
Hey traders! We have a shorting opportunity on AudUsd at around 73740-780 area(This is where Gartley pattern completes) 1.27% extention is right on top of 88.6% and I expect a corrective move in this bearish market.Stops go above prev structure high. Don't forget that this is a DAILY chart,so if you wanna follow this trade-make sure that it fits your R/R. Good...
Using 3 moving averages and plotting support and resistance can tell a lot about the "state" of price. We see our moving averages bullish from early July, peak in the middle of August and since then consolidate. There is an important long-term support/resistance line in the vicinity of 1.4650 which is where price lies now. The moving averages are now bearish,...
The consolidation in CAD/JPY reflects the volatility and circumstance in the oil market. Crude oil is nearly $50 as I write this post with the Fed’s easy money policy helping price along. Once the euphoria associated with this announcement subsides the reality of oil overproduction by Saudi Arabia and others, the weakness in global demand and the increased...
Today’s Fed announcement that “many” Fed members are too concerned about global growth (especially China) to raise rates soon sent the USD into a tailspin. The announcement also emboldened the AUD against the EUR. The Eurozone is China's largest trading partner, and it stands to reason that a weak China is bad for the Eurozone. The same is true for the AUD,...
EURUSD Non farm pay rolls analysis. If the NFP is negative for the USD we would see bullish momentum to our upside target of 1.12500 (possibly higher). If NFP is positive for USD then we can see movement down to our targets of 1.1000-1.09500. We have our safety and management levels in place which would help us determine where to enter the market. Trading the...
In the one corner is the currency of copper - the Aussie! In the opposing corner is the currency of oil - the Loonie! Who will win? Which force is stronger: the China slowdown or the oil glut? This race to the bottom can only have one winner! Read the rest of the post at www.sealionllc.com
If you listen to the rhetoric around the Euro you would think the currency was crashing: EUR/USD keeps the bearish view – Scotiabank EUR/USD visits fresh lows post-US data Most of this negative Euro-rhetoric is more about the USD than the Euro. While the Euro has had some significant negative days, the currency is slightly higher today than it was one month...
long CADJPY at major support level
As you can see on the right chart, the trend in EUR/GBP is clearly up, and recently a"Triangle" pattern has been forming. Now it looks like the price is going to make a break-out. The target is above 0.7421 high. Possible event-risk is UK GDP release due in 30 minutes.
Like I've sad in my prev. analysis,if the price will hit my target and complete the daily bat pattern,I will then look to get short.Everything went as planned on this one. Gratz to those who took that long trade ones again and for those who are short on this as well-good luck!! Wish u a great weekend traders.
(VIDEO LINK: www.youtube.com )GBPAUD has been a pair that I’ve swung and missed at all week with 2 losing trades & a trade that came half way to targets before getting stopped out for breakeven. The majority of the week has been focused around this same structure level & now that price action is trading below it, I may have my chance at a short opportunity. As...
On the Weekly time frame we have a 61.8% retracement with lower high formation and oversold on the stochastic. As you could see on the chart price has breached and closed below the asymmetric triangle. On the opening of the market we can expect price to reach 138.800-139.000 or a straight continuation to the downside. our downside targets for this week are...
I wrote on June 04 that, the USDSEK pair was on its way to re-experience the support of 8.17895 due to the negative pressures appeared over daily studies. Read More: www.fxcomment.com Previous Analysis: www.fxcomment.com
Hi traders!I am long right now from 1.52260 on this. Targets and S/l are shown.Trade with care! Good luck!