hpis44

hpis44

Ater having a huge rally down from 1.2420 to 1.1960 Euro is seen to bounce back to 1.2130 (38% FIBO retracement), where I see a new trading possibility into selling down to 1.1970/25 area first and then possibly 1.1840 throughout the month (May). Only penetrating the 1.2275 level cancels this view.

hpis44

READING FROM A DAILY ABCD PATTERN EURO IS PROBABLY GAINING FURTHER UP TO 133.50 / 134.20 ZONE AGAINST THE JAPANES YEN. IDEA IS ONLY DEMOLISHED IF PRICE FALLS BACK BELOW 130.70

hpis44

EURUSD IS LIKELY TO TREND LOWER. IN THIS REFLECTION I SET UP A MONTHLY SHORT TRADE IDEA WITH TWO T/P LEVELS AND ONE COMMON S/L.

hpis44

Bullish inside bar showed up on EURUSD 4H chart that calls for a possible reversal UP to FIBO retracement levels of 1.1340 / 1.1370 as ideal targets. Stop loss is set 10 pips below frday's low around 1.1270

hpis44

GBPJPY H4 chart shows a bearish tweezer top price action pattern. The RSI supports the bearish idea with closing back below 50. S/L is placed just above previous candle's high. Target is daily pivot line around 163.60.

hpis44

Price has successfuly broken up its short term downmoving trendline. After this I expect the price will retrace somewhat to 1.0820/30, then it's moving to the upside until 1.0890/1.0900. Alternatively it can move directly to the up without any retracement (but I doubt). Any hourly closing price back below the drawn trandline will negate this idea.

hpis44

A "rising three method" pattern identified on 15 minute EURUSD chart. The pattern appeared in a strong upmove, so it suggests further move up. Although this is a rare pattern and bullish continuation is expected We should not expect too much move after, but with a small risk I take a chance. After 20 pips move I lift SL to breakeven Good luck !

hpis44

Just before the weekend kikcks in I searched for a reasonable short setup. Trade is valid until 18.00 GMT and needs to be closed at NY session close latest. Have a nice weekend to everyone !

hpis44

EURUSD H4 chart delivers a good entry for short positions. RSI (13) twice crossed below (from above) the 70ies and along with the candle patterns it composes a negative divergence. Price almost reached weekly (pivot) R1 line that proves to be another barrier in front of the price. I think all of these elements represent a great seliing entry point here. Target is...

hpis44

Nice bullish ABCD pattern calls for a long entry at around 1.1180/90 level. Targets are FIBO retracement levels as drawn on the chart. Stoploss equals to daily S1 pivot level.

hpis44

EURUSD is still climbing higher (visible on H1 & H4 TF-s) and a good entry point showed up on shorter period 15 minutes. Idea is supported by a bullish ABCD pattern. Possible entry points are FIBO retracement levels. GOOD LUCK !

hpis44

EURUSD H4 chart offers great short entry at current levels around 1.1360/70. Price reached its channel resistance, RSI (21) is well above 70, both suggest a remarkable correction is about to come. I think the rate could fall back at least to the green marked support level at 1.1210/20 area.

hpis44

EURUSD is facing another fall today Idea is backed up by the trendline resistance. Also a near term neckline has broken down yestrerday

hpis44

On EURUSD 60 min chart a possible bearish shark pattern started forming. If my view is right the price can emerge up to 1.1170/90 area before a remarkable selling pressure resumes in Euro's market and price would fall much beyond 1.1100 but would not exclude deeper fall to 1.1000/1.0950.

hpis44

usdjpy 60min short entry

hpis44

Eurodollar 60min chart looks well overbought. Price is at hourly resistance line, RSI (14) has run into resistance too. These both point to the south

hpis44

Cable looks to be in good shape enough to make another run to higher levels. FIBO suggests to make a deal as follows, similar to yesterday's Eurodollar setup BUY LIMIT @ 1.5550 SL 1.5515/20 TP1 1.5597 - after hit, rest of position's stop loss then move to entry price TP2 1.5670 - I know this one may not be reached any soon

hpis44

Buy limit @1.0932 SL 1.0900 TP1 1.0971, after first target hit SL will be moved to opening price, TP2 1.1022 (This one seems a bit ambitious) Good luck !