FOR YOUR INFORMATION: STARTED ON 10/19/16 AND FINISHED START OF 10/20/16- SAME PLACE. Some thing you should keep in your mind
Look at two support area's noted on chart for details. Might want to wait for RSI to be below 50 and/or EMA 6 to cross ema 14 (black and purple lines). Trade with trend, I will be looking for a bearish reversal pattern soon
Please see AUDUSD 1 hour for details. Last 6 hours has been stuck at around 0.77200 RESISTANCE, I believe rest of today will be a retracement or bearish. RSI has been over bought during last several hours too. Watch current candle of either if it is another doji (undecided) or reversal pattern. On 5 mn charts check out bearish reversal patterns like (engulfing,...
A full fib. ret is going on the whole day from a low of around 1.30500 to a high of 1.31400, then back down now. See Elliot impulse wave placed on top of chart, we are now on 3-4 wave back up, but will end going down to end of today. Good luck, will be going short on trades with USDCAD for rest of today.
XAUUSD 1 day chart, PA has hit a major support level of 1250.00 & now going up last two days and today. I believe that BULLS will control pair until next year. Will be trading shorter trades of 15mn+ with current direction. A lot of consolation just happened with price action and a break out of top of yellow BOX area, just today. Wish you best. Next goal on chart...
EURJPY 1 hour chart- last two weeks noted. I believe pair just hit a major SUPPORT area of 114.00 and is currently climbing back upwards now. Last 5 hours noted was not much movement, but this current candlestick is making a large move upwards. Will be trading bullish for rest of week on shorter time trades. Good luck and be safe.
On breakout upwards, will be trading shorter term trades with BULLS. Nice inverse H&S Pattern on AUDUSD 1 hour.
On EURJPY 4 hour chart, PRICE ACTION has broken below Ichimoku cloud indicator (last 4 hour candlestick). In my opinion, PA will continue to be bearish this coming week. Support or Resistance area's are noted, by blue lines. Will be looking bearish set ups on shorter ragtime trades of 15mn plus this this coming week. A lot of EURJPY news is coming out this coming...
On AUDJPY 1 weekly chart candlesticks (for your information ONLY). Last four weeks have been BULLISH. For rest of 2016, believe this pair will continue to be bullish, may stop at bearish GREEN trend line, which started 11/17/14. This bearish trend line, still has NOT been officially been broken or above green line with PA close. I will continue looking on shorter...
Please see chart for details: In my opinion, USDCAD will go up to 1.32200 and USOIL will go down to $50.00 a barrel. On shorter time frames, will be looking for trading set ups in directions noted. At this time 1.31800 is USCAD resistance line. Wish all the best.
AUDUSD 15 minute chart shows an around 0.00800 bullish FLAG POLE which happen, then a flag happened after. In my opinion when this FLAG breaks out early next week PA will go up another 0.00800 to around 0.76900 to 0.77000. Flag pattern just hit into the fib. retracement area of 50% to 66% on chart, which last 3 candlesticks going up. I will be looking to jump on...
I already did an article on XAUUSD 15 mn bearish chart, but will go up to a 1 week chart, to let you know my end of year opinion of GOLD. Look in between BLUE arrows--> that is exactly what i think will be happening with gold for rest of October and into November. After December, when FED thinks about raising interests rate, then gold will go back into a BULLISH...
Last two candlesticks on XAUUSD 15 minute chart, made a bearish engulfing pattern. Major 15mn chart resistance on chart is 1257.00 (look left). Both RSI & Stoch are overbought and turning south now. In my opinion, gold will go down another around $24.00 from now's price action which started at resistance of 1257.00. It will drop to around $1232.00 area, which is...
www.profitf.com *FYI - I found this strategy on profitf.com website, which you might want to investigate and see if if works for you in your trading.That is website which you can read all about and copy above strategy. I have 15 minute chart here related to not being able to put 1 minute chart on too. Here is quick rules to this strategy to understand: ON YOUR...
On EURUSD 15 minute chart: PA has hit a double TOP area and major resistance area of 1.12000. Last two candles were a 15 mn red candle & green spinning top or doji (undecided one). Look at RSI bottom of screen. It is now way overbought and RSI green line will be broken 1st day of trading. I have place fib. ret on top of chart, most of time PA will go to at least...
The CHFJPY pair will be continuing to be bearish, as RSI has been under 50 since mid of 2015 and now 42. Will be trading short at RESISTANCE level on shorter trading times. All EMA's are above current prices and do not expect anything to change this into 2017. The fib. retracement indicator overlaid on chart has PA right above 0.618 level (or noted 101.499), which...
USDCAD is negatively correlated to USOIL, or in plain terms it does the opposite of each other. Right now, USOIL is making a bullish inverse head and shoulder pattern. In my opinion this pair will go back up to a April/July 2015 high of around $60.00 a barrel. The reverse will happen with USDCAD pair, which will go down to a major support area of 1.24600 noted. As...
FYI YOUR INFORMATION: Major all time SUPPORT area for this pair is GBPJPY on 1 month chart is around 112.000. PA is now at 127.861. Please look at candlesticks on chart since July of this year. July was a spinning top for month, then August PA did not move much, then September and this month a fair large bearish drop. There is nothing at this time that will be...