Have a bearish Crab formation with bearish candlesticks on the weekly time frame at key resistance. Our first downside target is 137.000. Once this target is met our next target would be 134.850 then 133.400. However, once each target is met PA confirmation is required to hold onto the positions. We have lower highs which represent bearish momentum. For day...
Looking bullish first target being 0.78300 then 0.7900. Can see the harmonic pattern has been completed and bullish momentum has continued. we have higher lows. We have 3 scenarios here: 1) Price can either decrease on the opening of the market to the trendline to give a possible 3rd trend line bounce then continue to the upside targets provided. 2) Price can...
For the past few weeks I have outlined our psychological target is on the upside of 1.2000. We can expect a downward move on the opening of the market (down to the trendline) forming a harmonic pattern. If Price continues to increase and breaches 1.14800 then our first target of 1.16500 should be hit followed by a retracement to 1.14500 then up to our target 1.2000.
The AUDNZD has been on our (us traders) favorite type of movement, a Power Trend. After a pullback, the pair has tested the .382 Fibonacci retracement and the 1.077 support levels. After having tested both support levels, it is now touching the upwards trend line, signaling a potential trade entry. We can expect to see the pair to continue on it's bullish move...
If price breaches 127.20 (Red Horizontal line) then price may continue to 124.00.
GBPUSD our psychological target is 1.6000 within this year. However our weekly outlook is to 1.5300-1.5450. If price breaks above 1.52850 then we are looking to enter at 1.52900 to our first target of 1.5300 then to 1.5400 with a stop loss of 1.52650. (HOWEVER PLEASE CHECK CANDLESTICK FORMATIONS ONCE EACH TARGET HAS BEEN MET). If price breaks below 1.52535...
Carefull with Non Farm payrolls tomorrow. However, i believe they would be worst then then expected. However, If breaks below 124.150, it is possible for our first target of 123.350. If this level is then breached then we are looking to our next target of 122.00.
Would Like to see a continuation in the sell off with Jet blue, the stock has become extremely overextended the last 12 months. Looking for a 12-15% pull back. Looking for that 38.2% fib retracement to come into play.
It looks to me like the Euro is starting to rally after a very tough period for the currency. Here we can see on the weekly chart that the pair hasn't been able to make any new lows for at least a month. The moving averages have also crossed over in a bullish manner and we have some candle conformation in the form of some big bull candles with small wicks. The...
Have a bullish pin bar on the daily and weekly time frame. 200 EMA acting as magnetic support on the daily. Our upside target being 1.23650.
Great Area to be buying will be testing 0.57 in the near future I.M.O. Keep your stops close.
Newbie Pattern Trader Think I see a Cypher Pattern IF pattern completes Then I will wait for candlestick confirmation IF I get candlestick confirmation Then I will go short
THE CLASSIC PSYCHOLOGY OF A MARKET CYCLE. WE SEE THESE EMOTIONS THROUGH RETAIL INVESTORS WORLDWIDE. MAKE SURE YOU HAVE 20/20 HINDSIGHT ON GOLD BEFORE YOU GET CAUGHT IN THE HERD. REMEMBER, NO BIAS. @YUNGFINANCE
Eur/Jpy has had a massive fall this week prior to non farm payroll news causing it to breakout of the descending channel. Now looking for a possible bullish entry to the 23.6% Fib retracement level (132.32) retesting the resistance level. Awaiting further PA before entering.
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Hi Trades, Keep watching this channel on the daily, if we can break and CLOSE above the channel, can be a massive breakout. Good Luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader
Hi traders, Looking the aussie on monthly chart we can see that he is in a very interesting place which is serving (until now) as an area of support. But what don't make very bullish is that we might reach the 0.50% fib (2001 low-2011 high) which also another fib (connecting on 2008 low and 2011 high), 0.618% is there. So looking the daily and we see a close...
Hi Traders, I am watching AUDUSD very closely, especially if he break 0.8300, than I will be long for a medium term trade. 8550 will be probably the first target. Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader