Clean and insightful USD/JPY publish with overview on trading a Descending Wedge - just my opinion anyway :)
The base range is the distance from the highest point of the range to our marked low point.
We then take this same distance to determine the potential size of the breakout
Note how close USD/JPY came to ...
Clean cut analysis on EURUSD
Series of Fibonacci levels paint a hidden story, proportional clones give us an idea of the size of movements and momentum over the future days.
Commodity channel index is heading south after being overbought.
Entry on 61.8% level, stop just above 0.618 level
Various other reasons ...
Nice and simple clean analysis on GBPUSD daily chart.
Diagonal rays have been respected for majority of the year, a breach of these rays suggest break out
The proportional clones give me an idea of the size of potential move.
Fibonacci retrace level based on distinctive High/low points from beginning of the ...
Quick clean idea on EURJPY.
Drawn Support and resistance based on structure, wedge tightening.
Fibonacci retrace level shows 61.8% reversal possibility occurring from last months High/low point.
Commodity channel index also heading south after being heavily overbrought
Seeking entry between 136.350 - 136.450 ...
Quick clean analysis showing GOLD weekly breaking this years bearish trend line and about to breach the 7 year high/low 38.2% Fibonacci Retracement level.
I don't agree with Yellen, US short-term interest rates are not going to raise and I don't believe the US economy is recovering.
Fourth quarter dollar ...
Very clean detailed S/R x Fibonacci retrace analysis, wedge depicts consolidation range tightening.
We can expect price to burst out the wedge when we see this structure forming, hopefully taking a strong trend in direction of choice.
61.8% retracement reversal potentially occurring as we approach upper wedge ...
Cheeky analysis of AUDNZD - A lovely pair to trade technically, this beautiful range has seen us through the summer but is it finally time to break?
The dimmer trend line is our first short signal.
New low was created yesterday suggesting we have ground for a long time short, however we are currently sitting on ...
Quick post on EURUSD. Price triangulating on daily as we approach a decision point. Range is tightening as consolidation is seeming to approach an end. Will be watching carefully for a breakout on this chart, we shall see!
Good luck and happy trading :)
Diagonal Rays drawn to create channel alongside drawn Horizontal Lines at key Support and Resistance-
Diagonal channel formed within 2nd week of September and price action as paid much respect thus far.
3 Fibonacci Retracement levels drawn from key High/Low points within the last month,
The support and resistance ...
Drawn support and resistance on 1W chart, Diagonal rays create a 1 -2 year old parallel channel.
Fibonacci retrace always plotted after S/R drawn to support confluence of levels.
Last 3 candles suggest that bullish momentum has ran out after a small bull rally after creating new low on weekly.
We have been stuck ...
Very clean detailed S/R x Fibonacci retrace analysis, 62.8% retracement occurring last 2 candles suggest bullish momentum is dying out!
This trade for me is a channel trade, I use Fibonacci and S/R to add confluence. Please zoom out and examine these areas
The diagonal channel is 3 - 4 months old and very valid ...
Drawn S/R horizontal lines on W1 very strong levels coincide with diagional ray and key Fibonacci levels.
Fib retrace shows 23.6% reversal occurring, Ichimoku suggesting a bounce off kumo -
Channel Commodity Index reverse also respecting diagonal channel.
First target 0% on Fib retrace, trailing stop from then ...
Follow up from the previous EJ post - Relevant S/R lines still on chart - re-entering the cloud? tight stop one this one.
CCI peaking good potential to turn to the downside.
Following this one through hopefully hitting 38.2% - trailing stop from that point.
Good luck and happy trading :)
Detailed SR analysis - Red lines S/R on smaller TF - Blue lines S/R on Higher TF
Dotted black is our major Pivot/reversal level
Seeking short entry between 138.200 - 138.800
First target - 135.036
Second target - 133.400
Hopefully a nice clean run through next week EUR looking very short on all pairs