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4 minutes ago
USDJPY, 240 Neutral
0 18
Weekly timeframe perspective: From the weekly timeframe, we can see that price has been driven deep into a minor weekly decision-point demand area coming in at 118.22-119.40. If the buyers manage to maintain their position within this zone, we may see price attack the weekly Quasimodo resistance level at 122.18.

Daily timeframe perspective: The daily timeframe shows that price spiked below a small daily demand area at 118.61-119.05 yesterday, which as a result, saw price hit and rebound from a minor daily support level seen at 118.32 (located deep within the aforementioned minor weekly decision-point demand area).

4hr timeframe perspective: The kickback from the aforementioned minor daily support level has, as you can probably see, forced price to test a very clean-looking 4hr supply area at 119.64-119.38. Clean it may be, and selling from here could very work out nicely, but, given that both the weekly and daily timeframes are trading from some sort of support (see above) at the moment, we’re going to sit this one out, and see if the buyers can’t break this area of supply.

With this in mind, a clean break above this area may open the doors to intraday buying opportunities up to at least 120.00. Should price manage to get above this handle, we’ll be heavy buyers from that point on up to 120.60/121.00.

Current buy/sell orders:

• Buy orders: Flat (Predicative stop-loss orders seen at: N/A).

• Sell orders: Flat (Predicative stop-loss orders seen at: N/A).

22 minutes ago
SPY, D Neutral
0 21
Maybe not tomorrow but soon.
27 minutes ago
SPY, D Neutral
0 42
Does not mean we buy. It means we take caution while shorting or not short at all.
1 hour ago
AUDJPY, W Neutral
3 16
ON THE CURRENT W1, HUGE BEARISH PIN BAR FAKING THE 94.00 LEVEL AND FAKED OUT THE HIGH OF THE PREVIOUS FEW WEEKS.
COULD BE A BULL TRAP HAPPENING IF CURRENT W1 CLOSES BELOW 94.00.

PRICE HAS ALSO BEEN TRYING TO REGAIN ITS POSITION BACK ABOVE THE KEY TRENDLINE, FAILING FOR MANY WEEKS NOW.

MY STANCE IS BEARISH BUT HOWEVER UNTIL THIS WEEK CLOSE, I CANNOT ASCERTAIN MY POSITION.

I WILL BE A SELL @93.5 IF W1 CLOSES BELOW 93.5.

ON THE D1, BEARISH PIN BAR FORMED AT 94.00. ANAYLSIS WILL BE PASTED ON THE COMMENT SECTION.

FOLLOW ME, LIKE MY IDEAS TO SEE MORE LIKE IT.
HAPPY TRADING.
1 hour ago
USOIL, 120 Short
0 37
2 hours interval . best luck .
1 hour ago
XAUUSD, D Short
4 216
I am looking for a short-term setback here as the price was rejected noticeably of the 50-days SMA and near the 50 percent retracement level. Stochastic enters overbought region.

Be one of the first members of my new trading portal, check my new website http://thefxchannel.com/ , vote and subscribe. Thank you

Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
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My best regards
Technician
1 hour ago
XAUUSD, 5 Short
0 30
UPDATE: Target Today 1995 ?
1 hour ago
TZA, D Long
0 12
Russell 2000 showing warning signs and IUX 1150 looks viable which implies TZA near $13. Close and follow through above $13 and continued drop in IUX opens up $14.50 and from there $17.10's holds off $19 's.
1 hour ago
NZDCAD, 240 Short
0 23
NZDCAD broke both uptrend trendlines without facing any support, downtrend expected
2 hours ago
GBPJPY, 60 Short
0 63
GBPJPY seems having a final bounce of the downtrend trendline before 250 points fall
2 hours ago
EURJPY, 60 Short
0 44
EURJPY SHOULD FORM THE DOUBLE BOTTOM TARGETING 127 AREA
2 hours ago
NZDJPY, 240 Short
1 45
Breakout confirms bearish momentum, could be just a beginning of a large trend
3 hours ago
AUDUSD, 240 Short
0 33
Price unable to break resistance at 0.79000 now making lower highs
Targeting 0.77541 as first target due to 50% fib level and channel confluences also matching to cloud base
Target 2 0.77000 61.8% Fib once broken aiming for 100% retrace
3 hours ago
USDJPY, 240 Short
2 83
#USDJPY 4H Short Idea

@TradeYodha (TradeYodha.com)

1. Previous structure
2. 50% and 61.8 retracement of previous impulses
3. 200sma and 50 sma close to the zone
4. Fibonacci Cluster
5. Harmonics Move

Wait for confirmation in the zone
I would love to hear your opinion, feel free to agree or disagree in your comments.

Please give it a (thumsup) if it makes any sense.
4 hours ago
EURGBP, 240 Neutral
0 55
Explanation is in the chart.

Stops will be placed at roughly 0.7390.
Upon reaching Target 1 stops will be moved to break even.
Will keep you updated on the trade setup!
4 hours ago
USDJPY, D Long
10 410
My previous long on USDJPY was stopped out on today's spike down. However the price retreated again higher, found strong support and formed a hammer candle with a major lower shadow..The USD continues to show renewed buying demand across the board.
I have to admit, It's mentally hard to re-enter on the same pair after being stopped out. However, challenging your emotions for what you see is necessary to remain on top shape as a trader..

Wish me luck on this one, wasn't an attractive week.

Be one of the first members of my new trading portal, check my new website http://thefxchannel.com/ , vote and subscribe. Thank you

Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
------------------------------------------------------------------------------------------------------------------------------------------------------------
https://twitter.com/thefxchannel
https://www.facebook.com/thefxchannel
https://plus.google.com/+Thefxchannel0
My best regards
Technician
4 hours ago
AUDUSD, 240 Short
0 49
Here we have a true wedge playing out. This fits with the fundamentals & technicals. A perfect trade for my style.

I will be shorting at .7850 (23.5% fib) for a move to the downside targeting at least the 50% fib &100/200 MA's at .7750. Risk reward is great. Stop at .7875 above the wedge line.
4 hours ago
EURGBP, D Short
1 88
Despite a necessary correction the EUR is still weak.
The main trend is still bearish, here we have an evening star candle pattern at a key resistance area.
We have also the 0.61 fib retracement and the main pivot point there.
Best regards.