Strong start YTD. Rolling back towards ema50 (Red MA). It may not touch, cross, or dip this attempt. But it might provide a long entry for interested parties after this near term bearish correction. *Note: Given time and price action, ema50 always catches up to price before continuing or reversing.
I just recorded a video walking through the process of how I make predictions in the markets and try to stay one step ahead of them. In the video you'll see ideas for both counter trend, trend continuation & advanced pattern formation traders. *While you on my Youtube Chanel, I'd appreciate it if you hit the like button, shared the video with a fellow trader...
Update on USDCAD: Recently failed to make new structure highs on lower timeframes, therefore expecting retest of the recent lows. The pair forms a nice potential high probability entry signal in form of a bearish Cypher pattern. Stop and Targets as shown, but follow your plan and rules of engagement! Like it if you do. I appreciate this! Felix Website:...
UP Fractal = Resistance, buy on breakout DOWN Fractal = Support, sell on breakout If Trend gets going, hold on to position until price closes above/below purple line. Watch for divergences in Momentum indicator vs. price. Watch for major and minor corrections that could indicate a new entry point or a slowing price. After a trend is done, prices will always...
As indicated, this pair is closing out the week at its low, looking like it is very bearish. For the coming days and maybe even weeks this may be true, but a divergence on the daily chart is forming already. New lows can be expected, but because not a lot of steam is left (indicated by Momentum Oscillator), you probably won't see a rapid down move following next...
Im playing around with trend continuation trades. Took a small position Retraced to a Support level Trade your plan and within your means Only time will tell on this trade
Looking at the HTF I believe that EURJPY will continue higher up the 131.000 area. Market is in a Bearish Trend on the HTF and it appears we are setting up for a complex pullback. With that in mind, I'm bullish on the LTF and want to buy pullbacks. I will be looking to take a long around the 125.750 level IF we can pullback that far. I will also be looking to...
For my tracking purposes. If Coffee can break this channel it could be on a decent trend long.
This is just a outlook for the EURJPY over the next couple of months. I'm more of a swing/day trader and focus mainly on the 5/15/60min charts. However, I do zoom out to the Daily everyday & the Weekly & Monthly once a week. It's good to see where the underlying trend is so you know which side you want to be more aggressive on at KEY levels. Right now, BIGGER...
USDCAD targets 1.285. Good Luck!
The overall trend of GBPCHF is bearish at the moment. After seeing a retracement back up to 1.1427 and failing to create a higher, a strong push by the bears indicate that the downwards momentum will continue. With a break of an upper limit and small break of the lower limit trend line, I expect a retracement up before down lower.
Busy day today...now that the dust has settled it's time to ask ourselves "What's Next?" I took this opportunity to record a video going over the I.P.D.E. thought process that I use when performing technical analysis & walk you through how I go about making my trading predictions before looking for entry opportunities. Here's the link to the video...
I just fired off a similar trade on the AUDUSD, but this opportunity looks even better. What I'll be looking for is an opportunity to get long the AUDCAD has price action comes down to test previous structure support. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube...
Pain free targets on our Kiwi trade from last night however we're now faced with an interesting dilemma as we inch closer to our bearish Cypher Formation completion point at 6793. In last night's video we looked at a handful of potential opportunities, but took a closer look at NZDUSD. Not only did we have the bullish Gartley Formation, but when doing our...
EURCAD shows signs that it's going to its downwards trend. With an evening star popping up right at the top of the trendline, we can expect the trend to continue lower. The next resistance identified is 1.45210. I expect prices to hit that point before EURCAD makes it's next move. For more daily signals and analysis, please follow me. As well don't be afraid to...
CADJPY broke and closed above a big Resistance Level on Friday. It's also forming a Bearish Bat Pattern on the 4hr chart which completes @ 86.00 Level I'm looking for it to come back down to "old resistance" now Support and looking for a buying opportunity off that Level. Stops - 1 ATR below last swing low (Yellow Box) Target #1 - Previous Highs Target #2 -...
Gold is currently consolidating at the bullish trendline. Entered longs with stops just under the lows with a 2.0 R/R target. If the trendline breaks then look to sell with targets at the last swing low.
CADJPY keeps making Lower Lows and Lower Highs = Bearish Trend I will be looking to sell in the my kill zone (Yellow Box) Stops - 1 ATR above the Previous High Target #1 - Retest of Previous Lows Target #2 - Retest of Feb 11 Lows (This is Extended Targets for me)