ArekJP

ArekJP

Timeframe: 1H Looking to go short @ around 51.15 if we get there possibly 2nd entry @ 51.62 Stops above recent highs – 52.50 1st target 1.414 ext. @ 48.82 2nd target 1.618 @ ext. 48.05 / or runner depending on new chart structures. RR: 2.31 Good luck and good trading. Arek JP

ArekJP

timefraame: 1H 200 EMA acting for now as resistance together with 50% fib level (recent low-to high). Targeting retracement 78.6 which confluences with fib extension 127.2%. Stop loss above recent high - if we get higher high -higher close - trade idea more likely invalid! If you want more confirmation, wait for RSI to get overbought. RR 2.4 Good luck and good...

ArekJP

Timeframe: 15m Quick short idea based on fib retracement - recent resistance now possibly turning support (blue rectangle) targeting 78.6%, RSI – overbought. Good RR – stops above recent highs ~52.50, targets @ 50% fib and 2nd @ 78.6% fib Good luck! Arek JP

ArekJP

Time frame: 1H Possibly good area to enter the short position after extreme price movement up - RSI overbought, area of previous resistance - waiting for confirmation of reversal. Good luck and good trading! Arek JP

ArekJP

AAPL – potential scenarios, 1D time frame. Personally I think AAPL is in very interesting position and can be played both ways – short and long depending on what’s happens next. We are currently in triangle – Bullish Pennant – suggesting continuation of uptrend if broken outside triangle to the upside. By simply measuring the length of last movement up, we can...

ArekJP

EURUSD has retraced to previous resistance level which now has become support area. 200 EMA may act as additional support factor, RSI being oversold & recent change of trend (clear uptrend) & recent new high – all put together giving us a strong case for LONG position with attractive RR. New resistance around 1.1036 has been rested 3 times already, but last time...

ArekJP

Time frame: 1H Simple short idea - EURAUD retested recent resistance area and its likely is to re-test recent lows and structure around 1.3750 – 1.3728 SL above recent high 1.3871 ant TP around 1.3748 give us very good RR ratio. Good luck and good trading! Arek JP

ArekJP

Timeframe: 1H Long position short term. RSI approaching oversold area, price approaches recent lows – looking for a pullback to previous structure around 48.40 – .70 SL – below the lows TP – green box Close below the low – trade invalid. Good trading and good luck! Arek JP

ArekJP

Time frame: weekly Major support area – possibly good place to look for a long position valid as long as we won’t get close below the low of 1.4812 Very attractive RR ratio – SL somewhere below 1.47, 3 possible TP targets as marked on the chart. Good trading and good luck! Arek JP

ArekJP

Is it time to go LONG EURUSD? EURUSD looks pretty much like free fall over last year – 9 months of consecutive losses. From almost 1.4 (May 2014) we are sitting at 1.07 that’s a loss of 23.5% in EUR value. Is it time to go LONG now? Based on 1M time frame. RSI is strongly oversold (7.64) at its lowest level since 1993. Fibonacci extension of 123.6% (I know...

ArekJP

GPB is at 78.6% fib retracement area - support area which may hold. Fridays bit disappointing US data, may see pull back GBP to resistance area - 1.7 - RSI strongly oversold being at 10.12 supports idea of retracement to 1.7 key very psychological level for GBP. worth noticing is that last week was 4th in a row of correction in GBP. I would be looking to place...

ArekJP

USDJPY in the area of 50% Fib retracement, from January's highs and @ 61.8% from Aprils highs - could be a good place to enter short trade. we do have break of trend line but luck of real volume or rather low volume suggest that buyers are not interested in buying at this level - more likely profit taking. RSI overbought, pair in strong resistance area. Would be...

ArekJP

Resistance at 38.2% fib holds - activity indicates buyers steeping in at this level, RSI just got out of oversold area, TP and SL as on chart - good risk reward ratio, may take half of the profits at first target and leave half position with SL moved to break even and next TP @ 101.95 Good luck!

ArekJP

Expecting pullback to at least 23.6% fib level before continuation of downward move. I'm not quite sure why but my MT4 shows "hammer candle" and RSI being oversold at 13.38 - im using exactly the same set up - need to investigate it... TP - 137.70 - next resistance area SL - 137.10 - below the recent lows Good...

ArekJP

Silver is at key level again - support which holds quite few times before - good place for long trade - great risk / rearward ratio - SL below somewhere 20.50 - target 21.40. RSI just got out of over sold area and pointing upwards movement. Good luck!

ArekJP

Nice move up today on better than expected data, was able to catch part of move. Retracement to 38.2 Fib area possible good entry for long position with target around 1.7200/20 (possibly taking some profits on way to target - closely watch 1.72 resistance) - SL 1.7130 - 1.7115. Expecting continuation of move up based on strong fundamentals. Good luck!

ArekJP

resistance in area of 38.2% Fib retracement - good place for short entry, good RR ratio more than 1:1 - Sl above 50% fib, TP in area of recent lows.

ArekJP

Looking at relativity small move after great numbers from US yesterday and the fact that we didn't really go below 1.36 - it tell s me that EU may wants to go up. Simple idea SL @ 1.3580 - or below recent lowest low - TP @ 50% Fib level previous support / resistance level Good luck!