I understand algorithmic math. I understand it and can calculate it. I SUCK AT MATH. YOU HAVE BEEN WARNED. DO YOU OWN CALCS. That being said, you can rely on Bulkowski's tested probabilities for a Big W Pattern which suggests a 0.42% chance of a breakout. Projected target based upon Bulkowski calculations would be approximately $56.00. Rumors suggest...
Sell USDJPY when Stoch is clearning down below 75 and only then. This will confirm most likelyhood that it has cleared support area. (Mt4 provides visually clearer signal on Stochastic.) I will manage the trade. Take profit can be 102.77 (existing support and also 100 moving average that will act as minor support). The 100 moving average (magenta) and 200...
USDJPY Buy 104.49 TP 105.43 SL 104.19 Closely manage trade. Capture profits. Likely to sell off quickly if it doesn't take out 106.00 GL
Traders are trading more than one channel and meeting support and resistance on both D1 and H4. Of significance is the cooperation of the 50ma WK and the 200ma D1 coming together as tough support. The WK trend is up. This means that price should move above its 50ma. However, players on the H4 time frame are unwilling to move beyond H4 200 moving average. ...
Price Action Anticipatory Trade for this Week: AUDUSD to continue upward move to inner trendline/support zone. I will trade short with cnfm signals. Trade cnfm when price closes below chosen fast daily moving average. Trade cnfm when stoch. crossover and bearish to touch 80. Price will meet major resistance in support zone shone on chart OR 200ma (yellow),...
Will not know true target until later according to Bulkowski calculations, at least 160 pips below neckline/trendline break. Stoch. in overbought territory. I set tentative target at conservative 0.7300 SL 0.7552 GL
USDCAD is at major support area. If Stochastic crosses up over TWENTY FIVE (Not 20, but 25), then go long. TP minimum 1.3000. Big chance this currency pair can head down. If Stoch does not cross, consider analysis for a short.
NZDUSD Short: Wait until H4 Candle Closes below 20ma (orange) AND price holds below support at 0.7090 Price could bolt up. Price could flat-line for a duration. Entry criteria will reduce risk. This trade will be on D1, if possible. Confluence with Weekly Support and Weekly Bear Flag. BREXIT CONCERNS. Will monitor/manage with due caution exiting if necessary.
USDCAD Bulkowski's Bottom Round Percentage Meeting Target Price - 57% Measure = 288 Pips 288(0.57) = 164.16 Price at Bottom = 1.2766 1.2766 + 164 = 1.2928 Target Price = 1.2928 Target Price is in confluence with Fib Zone Wait for completion of bump (struggling with moving avg, here) and continuation of bowl for buy confirmation. Begin entry = 1.2800 or...
Play Daily TF based upon price action and general relation to 20ma, 50ma, 100ma and 200ma, respectively. Overall short based upon historical content for which fundamentals can move.
EURCHF Ascending Broadening Wedge, Fanning of Moving Averages Ascending Broading Wedge is low on probabilities of bullish reversal, but it does happen and has historically with this pair. However, the price action typically moves down further as a false sell off before a reversal. Bulkowski The confluence of the fanning of the moving averages is also historical...
EURCAD D1 Symmetrical Triangle, break out either direction Broadening Wedge Inside Triangle which usually Sells Off 55% (Bulkowski ) 100 and 200 ma crossing suggests Down Trend Right now price is stymied by 100ma on WK Volume needed to push lower. Price resistance above by 50 ma. Volume needed to move lower. Historically in downtrends price remains below 50ma...
Bulkowski's Calculations for Flag Pattern 294 x 0.46 = 135.24 1.0532 - 135 = 0.9182