18 hours ago
GBPUSD, 240 Long
26 3599
The GBPUSD is making an upwards correction in a daily downtrend, trading these moves can be very difficult for traders who does not under stand structure and the possible ways it could develop. Corrective structures can be very complex and not that easy to identify, as seen in the first correction 'expanding flat'.
Yes it is not as easy as shown in text books or by drawing a couple arrows :)

Trade with care, follow your strategy (one you have tested) and use good MM.

Thanks for your support.
14 hours ago
USDCAD, 240 Short
37 2005
Reasons For

-We are now down trending on the 4 hour chart
-We always want to trade in the direction of the trend
-We are making lower lows and lower highs
-We are trading below key level at 1.4000 Which we broke with a strong downside move
-If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level
-Sign of retrace Over ?
-We have put in two dojis in on the 4 hour time frame
-We have also come to our trend line that is acting as Res and also showing signs of bullish weakness

So if we put all those together on the 4 Hour time frame we are extremely bearish

If we look at the daily
-We are also making new lows and currently in a new forming down trend
The trend is your friend
-The biggest confluence for me is we have broken the previous higher low on the daily when the uptrend was in affect we have come lower then the previous higher low Which also signifies a change of trend and direction
-So after all the bullishness over the past couple years isit over ?
well for now we are in full affect to make a new lower low in this current trend which is at 1.3500

Heads up
Remember guys this pair is heavily influenced by Oil so it is a more risky pair to trade but in terms of technicals it is a great setup :)

Also my entry is very aggressive id recommend waiting for a strong bearish candle on the 4 Hour time frame to confirm more confluence and be a strong selling setup as it confirms our momentum which is bearish So id Recommend waiting but if your a risk taker like me join me lol ;)

Only 65 pips Risk well worth the risk with a great Risk Reward of 1:6 :)

Trade safe
My entry 1.38897
FXCM Pick of the Day
Values of resistance can help traders time retracements in a downtrend.
5 hours ago
USDCAD, 240 Neutral
1 95
shot analyse. for USDCAD
11 hours ago
AUDUSD, 240 Long
4 1751
This pair is currently in consolidation on a higher time frame and this is when we usually see these advanced patterns. Here we have a potential bullish cypher that will complete just above a major support structure, hence, presenting us with a very good opportunity to go long. The pair came crashing down on friday after the NFP news and i would expect a sideways correction from this current level before we see another bearish move which will hopefully push into our reversal zone where i will also be paying close attention to the rsi and will be hoping to see some oversold conditions or even a bearish divergence which will give me a major confirmation to execute the trade.

watch my weekly video where i covered 10 currency pairs including this one

https://www.youtube.com/watch?v=Jg-d74k5-Jg

Also check out my signal service on my website

http://www.tradewithme.co.uk/signals/
9 hours ago
GBPUSD, 60 Long
6 1463
Potential Bullish Trend Continuation trading opportunity on the GBPUSD. To create my potential reversal zone I've used a combination of structure, market harmonics and Fibonacci tools.

Also if you missed it live yesterday I posted a recording of our week 5 trading recap video on my youtube page.

If you're new make & you like what you see make sure you give me a follow. If you're already following, thanks for the support and make sure you hit that THUMPS UP button in the top left of your screen.

Good luck this week traders!

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube https://goo.gl/Afk5sG
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You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM


15 hours ago
SPX, D Long
7 839
I only have made 1 forecast for the entire year in each of the past 4 years. The market rarely does what the majority thinks it will. So I do my best to be sure that I am not in the majority. Last year I was neutral expecting choppy action when everyone else was very bullish. This year with many bears, therefore I do see another sideways year this year, but with a strong finish. Why? Read to the end.

Here are the very bullish factors supporting stock prices:
1. We have likely seen a massive wipeout of margin long positions here. I need new data to confirm.
2. We have blown up psychology with massive bearish psychology at hand. (This is very bullish)
3. We have a weakening dollar (this is bullish)
4. We have very low interest rates (this is bullish)
5. We have very low input costs (oil and labor, this is bullish)
6. We have a massive melt-down in biotech happening (this is bullish)
7. We have a 25% corrections in place in the Nikkei and the DAX (this is bullish)
8. Massive bearish sentiment by major brokerage firms for 2016. (Last year they were all bullish looking for an up-year of 10% on average and they were all wrong)
9. Terrible technical conditions (breadth, divergences, etc) - These work in contrary ways. Everyone sees them as negative. They are negative when people are selling to raise cash (which is bullish).
10. Very high corporate profit margins (very bullish).
11. Plenty of corporate cash on hand for mergers and acquisitions (bullish)

So the foundation of the market is very very constructive from many perspectives.

The negatives are:
1. Rapidly rising default risk around the world as ZIRP and NIRP takes hold.
2. Falling PMI's signal softening economic activity
3. Corporate Buybacks can't continue forever, especially with rising default risk
4. Rising rates to corporate borrowers (Rising yields on HYG, falling HYG prices)
5. China: Weakening outlook. Drawdowns in reserves to support an overvalued currency. $99 billion drop announced today to the lowest levels since 2012.
6. Jobs numbers in the US have massive seasonal adjustments which are hiding the worst numbers we have had in many years.
7. Demographic challenges means that US Growth will stay low (and steady) for two more decades. Read Harry Dent's books.
8. China's demographics are where Japan's were in the late 1980's and very bearish long term.

Those are the main points that I have in my head at the moment that will see-saw prices back and forth across the range for the remainder of the year.

The reason for the strong finish to the year? The election will be out of the way. The election is having profound impact on psychology and the year-end will be a strong quarter, I do feel.

The low 1868 is for the balance of the year from now, Sunday February 8, 2016 1880 last SPX500
17 hours ago
EURUSD, 240 Neutral
2 1190
So how long have I been waiting for this wave (C) up? I posted this chart 5 months ago:
https://www.tradingview.com/x/0RllXxE6/

See that black wave (C)? That is what should be happening now. Why is it so important to get that right? Aside from the part that this wave (C) will yield a lot of pips on its' own as it goes up, the finish of this wave (C) means the beginning of the wave 5 of the larger wave back down and THAT will mean A LOT OF PIPS! But let's deal with what is going on now first.

WAVE COUNT
In this 4HR chart, we are looking only at the wave (C) subwaves and breaking them down for the trading opportunities. That large wave (1) up which I predicted to occur 2 months ago (see this post: "(T) EURUSD - Wave (C) Now? Predicted 5 Months Ago. Today...BAM!") set the stage for this wave (C). After that wave (1), prices consolidated for weeks in a wave (2) before fairly exploding upwards in what is currently wave 3. Within this wave 3, it seems prices have just completed the wave (iii) of 3 and is now in the wave (iv) of 3.

PATTERNS
There is only 1 pattern of consequence here and that is the POTENTIAL Bat that would be better seen on the DAILY Chart below.

DAILY CHART
https://www.tradingview.com/chart/EURUSD/95Bz8ZuG-EURUSD-Daily-Chart/

WEEKLY CHART
https://www.tradingview.com/chart/EURUSD/ZPx40m4n-EURUSD-Weekly-Chart/

MONTHLY CHART
https://www.tradingview.com/chart/EURUSD/iLSXaD0A-EURUSD-Monthly-Chart-February-2016/

WHAT TO EXPECT
Prices should be declining some more in a wave (iv) but not for much. Prices are already resting on a MAJOR TL with a B Point slightly below it. That should provide the support needed to end the wave (iv) and begin the wave (v) up to complete the wave 3.

MY TRADE PLAN
I'll wait until prices decline some more into more support area and watch for bullish PA to announce that wave (iv) is done and that wave (v) is starting to BUY into the larger wave (C) up.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.

Though I may not post here quite as often like before, I do continue to post much more to my own Facebook group (where I can BAN any TROLLS!). So if you would like to continue to see more of my posts as well as some of my trading tips, join my Facebook group at: www.facebook.com/efxselect. If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to: efxselect.com for more info.

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12 hours ago
AUDJPY, 240 Short
2 575
The overall trend of this pair is very bearish. We recently have put in a high put did not violate previous structure.

Last Friday we broke the structure around 84.0 and are now retracing back into it, a nice opportunity to join the trend.
Stops above 85.25 should be sufficient, and the downside potential is pretty big. When looking just for a retracement into previous lows we have almost a 3:1 RR ratio.

Thanks for clicking that "Thumbs up" button if you like the idea and follow me if you would like to receive updates and new ideas.

Good luck !
17 hours ago
EURNZD, D Long
6 327
We have a nice setup in the EURNZD chart, that I'd like to share for some good profits.
There is potential for an 881.4 to 1020.6 pip move to the upside from the mode here.
The entry is on retrace and about to get filled, so don't miss out on it.
Timing for the move is 16 days or less, if not stopped, naturally.

I put my name down the line and share this setup with entry, exit and stop loss for your own use.
Feel free to contact me if interested in any of my services, you can refer to the pastebin link in my profile for more information on my track record as an analyst, trader and forecaster.
Don't forget to check out the 'Key Hidden Levels' chatroom, Tim West (my mentor) and other traders versed in this methodology post setups and insights there (mostly, Tim and me).
We cover stocks, Forex, futures and commodities, using Tim's methodology.

Cheers,

Ivan Labrie.

PS: If you like the EMA and ATR bands here, check out my publication where I shared the script. Google YEMAB V2 ivanlabrie tradingview to get them. Easy. This setting is a yearly EMA (253) with 253 period ATR, and only the 6.4 and 9.5X atr bands. Look how it captured the bottom and top here!
21 hours ago
NZDUSD, D Short
7 324
I'm In with 2 sell limits risking same amount. Will it be triggered? Lets see.

Take profits and Stop losses can be changed, if I do so, I will update here on the chart, so if you are going to take this trade with me, like to see the updates.
11 hours ago
USDCHF, W Short
9 410
After SNB's intervention in 2011 and again in 2015 I felt that I would never again trade and CHF pairs. However, It is now giving the most clearest long term wave counts of any USD pairs which also confirms my view of USD bearish cycle I have held since late 2013, see other charts link below. Whilst I have been little early and premature in thinking the top in dollars has formed in my earlier publications, the overall picture has not changed and this is now potentially offering massive profit opportunity.

Under this scenario the USD appears to be in a major bearish cycle which is in the final stage, taking the form of Ending Diagonal commencing from 1987 (as Tradingview do not have necessary historical data, for details please see Screencast chart link - http://www.screencast.com/t/GMjsjj3nkkH ) which is shown in monthly chart (see below) to give full picture of this potential ending diagonal (falling wedge of 3-3-3-3-3 construction). It seems highly likely that wave 4 has just completed and wave 5 of ending diagonal has commence and if it develops as anticipated could give some 3000 - 4000 pips and risking less than 500 pips. In fact that is based on weekly chart, but if drop down to daily or H4 entry could be taken with lot smaller stop loss.

I understand this view would go against the general sentiments in favour of USD and lots talked about raising interest which would be USD positive. There are so many cross currents at work to really consider for anyone to see clear picture based on that fundamental. Therefore my view here is based entirely on Technical Analysis and my interpretation of Elliottewave Principle.

So in summary:
1. Final stage of major bearish cycle in the form of ending diagonal of 3-3-3-3-3 construction
2. Major top (wave 4) appears to have formed, with 2 attempted failures to break above previous highs (resistance)
3. Entry almost immediate (maximum stop under 400 pips), but on lower timeframe upon a pullback to Ideally to 1.0 - 1.01 zone with stop loss at 1.0275, ie approx 230 Pip (see H4 chart below)
4. Potential downside target offering 3000 - 4000 pips with some intermediate targets areas along the way.
5. To add confidence in coming to above conclusion see additional charts of other USD pairs giving the same overall view.
6. Invalidation would be price taking out the recent high at 1.0250.
7. If you trade on smaller time frame and wish to follow the trend then various methods could be used to manage the trade and look of re-entering short positions only and/or adding position on significant retracements.

Conclusion: If the above anticipated in USD unfolds then this could offer similar opportunities across several USD pairs in various degree. At the same time I anticipate significant bearish cycle in stock and putting this things together suggest possible outflow of money from USA's soil under repatriation of funds or unwinding carry trade with YEN being the strongest of all major currencies.

Warning: This is my interpretation of price action using TA approach that I consider helps me most5 but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views.

For those who appreciates my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up, comments and sharing it with others. If you have an alternative idea then please be constructive and share for all to learn from.

Thank you for taking the time to read my analysis.

DanV
danv-charting.com
14 hours ago
GBPJPY, 60 Short
3 599
Following my Head & Shoulders Pattern idea, Market pushed below and closed below the neck line last week so we can expect further downward movement in this pair.

The question is "How can we get involved?"

Well we can see that market is putting in a retracement and if we can get up into the kill zone I have drawn out between 171.36 and 171.12, we will be paying close attention and filtering down to find an entry reason.

Aggressive traders will have more than a 1:1 risk reward just entering at this level if stops are to go above the previous swing high.

I have included a short video on our London Live Room analysis from the EURJPY pair here https://youtu.be/K0TdRS7NZ8Y

If you want to come and join us, go to www.tradeempowered.co.uk. and you will be surrounded by a great community of traders whilst watching me trade through my entire portfolio.

Also keep in contact with tonnes of free training I'm giving away by signing up for my newsletter and following me on social media below

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3 hours ago
GBPUSD, 240 Long
1 324
-IM STILL BULLISH ON THIS PAIR AT THE MOMENT
-FIB 0.618 MAGIC RETRACEMENT IS THE AREA I WANT TO HOLD TO SECURE A LONG
-A B C D STRUCTURE HERE
-THE NARROW BLUE BOX YOU CAN SEE IS A KEY LEVEL HAVING BEEN STRONG RES NOW SUPPORT
-FIRST TARGET WILL BE WEEKLY RES 1.4760 IF THESE ARE HIT WILL TAKE PARTIAL PROFITS AND THE NEXT TARGET WILL BE FIB LEVELS.
10 hours ago
GBPCHF, 240 Long
5 302
On the GBP.CHF 4 hour chart we have a potential long opportunity at the D leg completion of a Cypher Pattern

The price reversal zone on this pair is between 1.4258 & 1.4135
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

1.272% - 78.60% Fibonacci confluence

Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support.

www.UKForexSignals.com

www.Instagram.com/UK_Forex_Signals

www.Instagram.com/Tom_Hall_Official
1 day ago
USDJPY, 240 Long
1 943

The primary trend of USD/JPY is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is below 200 day SMA and 50 day SMA indicating downtrend of the pair. It is having an important level of 116.80. If it breaks its trend-line (black line) on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

If the pair breaks the level of 116.81, then we can expect it to test the levels of 118.

INDICATORS:-
MACD is sustaining in its negative territory although has crossed on the daily indicating a change in trend in the pair.
RSI is leaving its selling zone indicating the upcoming bullish trend in the pair.

STRATEGY:
USD/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

Please like and comment your ideas and good luck! :)

www.tradingsignalreviews.com
1 day ago
AUDJPY, M Short
6 820
The chart is self explanatory. A well-defined long term sideways trend. We had the last test of the top of the range in late 2014, then we broke lower. Trend line break and 5-Year Moving average break. Are we heading towards the bottom?

http://thefxchannel.com/
Best Regards,
Technician
17 hours ago
USDJPY, D Long
1 329
USD/JPY has taken trendline support at 116.53 on Friday's trade and edged higher to currently trade at 117.20 levels.

A Doji formation on Friday's candle after downtrend from 121.68 highs on Jan 29th suggests a reversal in place.

Technicals also point higher, Stochs show a bullish crossover at oversold levels and RSI on dailies is also biased higher.

Bulls continue to cheer Friday’s auspicious labour market report from the US, while markets seem to ignore the latest BoJ initiative and also the slight weakness seen on the Asian equities.

We see scope for test of 118.95 (38.2% Fib of 123.76 to 115.97 fall), with strong support at 116 levels (falling trendline) and resistance at 117.43 (Feb 5th highs).

We would go long on dips around 117 levels, SL: 116, TP: 117.80/118/118..95
13 hours ago
EURUSD, 15 Short
2 244
from fibo conclusion, hope make a sense for 20 +pips.
good luck everyone.

Safe Trade!