8hr
EURAUD I Short from resistance Welcome back! Let me know your thoughts in the comments!
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CADCHF I New rising trend line +80 pipsWelcome back! Let me know your thoughts in the comments!
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AUDCAD I Break retest and headed for resistanceWelcome back! Let me know your thoughts in the comments!
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USDJPY I Bullish breakout Welcome back! Let me know your thoughts in the comments!
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EURJPY I Rise from channel supportWelcome back! Let me know your thoughts in the comments!
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AUDUSD I Brief correction and more potential downsideWelcome back! Let me know your thoughts in the comments!
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USDJPY I Caution shorting the Yen, best to wait for pullback Welcome back! Let me know your thoughts in the comments!
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EURNZD I Potential move downwardWelcome back! Let me know your thoughts in the comments!
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EURAUD I Intraday long trade idea Welcome back! Let me know your thoughts in the comments!
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CHFJPY I Intraday short opportunityWelcome back! Let me know your thoughts in the comments!
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AUDJPY I Safer to wait for the short 🎯Welcome back! Let me know your thoughts in the comments!
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CADJPY I Potential long from supportWelcome back! Let me know your thoughts in the comments!
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USDJPY I Best level for next short!Welcome back! Let me know your thoughts in the comments!
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USDCHF I It will land at support Welcome back! Let me know your thoughts in the comments!
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EURCHF Short from Resistance 80 pip potential gainWelcome back! Let me know your thoughts in the comments!
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Brian & Kenya Horton, BK Forex Academy
us100 buy (8hrs chart)Hello guys once again
Here we will discuss about US100 buy opportunity. We can Cleary see 2 big triangles in which price traded over the past over the past 2 months.
The first triangle created a bearish wave over it. So, with recent price action we can see the 2nd wave is creating a bullish wave just under the structure. Which means price may reverse aggressively to the upside from today! This is an 8hrs chat so wait for 8hrs candle to see which direction price is headed. By looks of it should take 1/2 days to hit Take Profit.
**use sensible risk to reward** You may also short it once you see bearish signs after hitting TP (but use same risk to reward)
Goodluck!! pls like and share if you find this analysis useful.
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COMP HTF WonderCurrently watching 1hr swings build momentum.
should structure hold, we've been in a major accumulation channel a very many months.
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Coffee Boy of CL .
Bitcoin bullish on the 8hrZooming out to the 8hr BTC/USD looks very good, still clearly on a bullish trajectory and the large volume on the lower trend line touch suggest the Bulls are still in control (for now)
There's still a chance for price to retrace lower but it seems less likely in the short term at least.
EURUSD_Strong Technical Analysis_Fibonacci Retracements_Long!Technical Analysis of EUR/USD with Fibonacci retracement indicators.
Large time-frames (Monthly Weekly) are showing an uptrend that is still intact. The latest counter trend move down (Oct-Nov) has been a classic retest of old resistance now becoming support which indicates a strong possibility of bullish trend continuation. The classic retest level of 1.16000-1.15000, which held price below for 2015, 2016 and half of 2017.
Daily chart on the left. Higher time-frame perspective displays a test of the .50% level with solid signs of rejection.
Our purple Fibonacci retracement is drawn from 2017's highest high (Point A); To our last noticeable pivot point, on 6/20/17, with a low of 1.11190. These levels hold the most weight moving forward. I have projected the levels as purple dotted lines on lower time-frames.
The 8 hour chart on the right shows the lower time-frame Fibonacci retracement (Orange) is running from the highest high (Point A) 09/08/2017 at 1.20930. To the lowest point of the retracement 1.5536 (Point B) on 11/07/2017.
Particular levels of interest lie between the larger TF fib .235 -.382 levels. Price has ranged within this zone since October.
Long-term my bias will be long EURUSD in the coming months. Long side bias will remain in effect until price closes below the lowest point of retracement (Point B). Otherwise I expect price to move higher, breaching the highest high of 1.20930 (Point A)
Short term shows signs of rejection around 1.17200 and 1.16100 (.5 and .382 purple fib) should be considered for long entries. Any close above 1.18650 (.235 purple level) should be eyed for breakout trades to the upside.
Be cautious around the zone of resistance between 1.18650 and 1.18850. And the strong support zone from 1.17200 to 17600. Ranging trades can be considered between the two zones with valid signs of rejection.
With EURUSD trading higher, Expect XXX/USD currencies to trade higher. USD/XXX to trade lower.
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Disclaimer: Oanda data shown. This is NOT investment advice.