whithin the 1W TF the Aussie is sitting on a massive support line. The 1D TF shows us just how strong this suport level is. And within the 1H TF we see the accumulation present as it's building, what I would like to predict, as a good sized HnS pattern. Heil AUD.
Just entered this trade alongside the GBPCHF trade i just posted up. Similar anaylsis n rationale as their both GBP pairs and it is correlated. GBPUSD has been channeling the past few weeks and i believe that is finnally broken to the downside Expected target is around 1.5370 giving over 150 pip target on the 4 hr chart
Confluences: 1/ with the trend 2/ price action: inside candle 3/ resistance of 0.74 & 0.735 tested 4/ fib play 61.8% 5/ bullish MACD divergence 6/ TL bounce (Monitor your trade well as we try to reach at least 0.70)
Employment in the US private sector disappointed last month, shattering hopes that the Fed will raise interest rates in September. The number of employees increased by 185,000 in July compared to the 229,000 booked in June, according to ADP. On Friday, the non-farm payroll report will provide further hints of labor market development, with analysts expecting a...
Just entered this long along with the EURUSD Short. This is more of a correlation n channel scalping type of trade as i'm already went long, the USDJPY correlates accordingly with bullish momentum. As for price action, the bigger timeframes all show it is going higher but over the last week it hasnt really done much. If price breaks higher above the red box,...
I just entered short on the pair after last friday's massive rally which i was able to correctly anticipate n profit off from That bullish momentum is clearly over and i was waiting all day on this pair for the correct entry to go short as im expecting bearish momentum to arrive. Expected target is around 1.0860 giving around a 70 pip target
Entered this trade few hrs ago as i wasnt on the computer at the time entries were triggered. CHF pairs a very weak today across the board and the GBPCHF is no exception. Im playing out this bullish momentum with an expected target of around 1.5240
These are some weak US stocks with short-time downside potential for your consideration. Purely technical setups.
Same rationale and analysis as the AUDUSD trade i posted up which is attached in the related ideas section. AUD is showing weakness across all pairs on the bigger timeframes and I'm playing that out on the hourly chart. Expected target is around 2.1520 testing the high it made last week.
Hello fellow traders, Hope you've all had a productive weekend! Still Bearish on this pair, I've heard a lot of people saying the bears run is over but one of the first things i was told a few years ago when I first stumbled across forex trading was...trade what you see, not what you think. This is not a guessing game its a skilled craft in which we let price...
Yet another index that is showing it's true colors. We're are very close to another financial turmoil here in the states. Be prepared to capitalize on this drop and do not be blindsided. Please do not listen to Kramer when he tells you to "Buy Buy Buy!!!" Thank you for your time and God bless you all!
Prepare for the coming storm. It's been a nice long run, but all good rallies must come to an end. We're nearing an inevitable drop. The market has sustained this rally for too long, on lower and lower bullish volume, is losing momentum, and will crash. You can see other equities and indicies preparing for the same style of drop. Do not get blindsided! This is...
The drop from the bearish wedge is completed and now the pop.
THIS ANALYSIS OFFERS VARIOUS SUPPORT/RESISTANCE LEVELS. FUNDAMENTALLY, I DO NOT SEE OIL GOING BELOW OUR 10 YEAR ALL-TIME LOW, OR SURPASSING SUPPLY OUTPUTS THAT WE SAW PREVIOUSLY THIS YEAR IN OPEC PRICE WAR. IT IS SMART TO ACCUMULATE A POSITION OVER TIME THROUGHOUT 2015 IN THE $40-50 RANGE FOR A LONG-TERM HOLD.
I personally cant view candles lower than the daily timeframe, so I am looking for a bullish candlestick formation tomorrow (15th July) to enter for a buy position. Past 2 days, we've had gap ups consistently, shows strong buying power (unless there were fundamentals out which im not aware of) Looking to target @615.00
We have a video from last month explaining what is next for the equity markets which was very informative. You can find it here (youtu.be), with explanation of the Chinese stock market turmoil and why it has happened. However, I will briefly explain why China is facing the current situation. The thinking we had behind this was that many developed equity...
Pure technical Play that I just entered last hour. Price has breached n tested multiple areas of resistance and finally to come down with the down side sell pressure is now accelerating in which Im basing my play off of. Expected price target is 1.9500
Attached to this is the before image shot + the analysis n the rationale behind it. Price just reached its target now, banking in over 250+ pips in profit! Should price keep falling the CS levels are the ones to watch