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EURUUSD: Support Firmness At 1.10 Hints to Further Upside!EURUSD could have found support at 1.10 round level! This assumes that we are still correcting towards intermediate wave (4), and are currently completing minor wave B of the A,B,C correction. Wave B is a minute a,b,c with subminute wave (v) being a triangle. Wave C of this correction could take prices to fresh highs above 1.1181. In case prices slide lower than the 1.094 support, this could turn out to be an impulsive move to the downside.
Long
by Orbex
AUDUSD 4H AROON PULLBACKS & TREND TRADING STRATEGY#3 Aroon Pullback & Trend Trading Strategy The Aroon-Up continuous reading close to the 100 level is an indication of a very strong trend. However, at some point in time one or two trade scenarios can happen: To expect a trend reversal Or, to expect a pullback The Aroon interpretation of this type of reading suggests that we’ve been forming these higher highs for a very long period of time. For Aroon-Down we would be forming lower lows. Often times these excessive readings on the Aroon oscillator signals the presence of a strong trend. However, if you’re looking to just scalp the market, you can exit your trade as soon as the Aroon-Up crosses below the centerline. But, we’re looking to trade with the trend. And, we have developed a proven way to differentiate between a pullback and a full reversal. We call it the law of effort vs. result. The effort is the activity measured by the Aroon lines (in our case Aroon-Up). And, the result is the activity measured by the price action. The theory is that if the Aroon-UP resets itself by moving away from the 100 readings and going to 0 readings, the price should follow the lead of the Aroon-Up reading. We would expect the effort put to translate into lower prices. If it does not, and we see only a slight change in the price, we know the uptrend is very strong. This is how you can catch pullbacks with Aroon and trend trading. We combined the Aroon trend strength strategy and Aroon pullback trading strategy into one big market edge.
Long
by Tradingstrategyguides
EURUSD 4H AROON TREND STRENGTH STRATEGY#2 Aroon Trend Strength Strategy The underlying strength of the trend can be revealed through the Aroon lines. After we reach the 100 level sometimes we’re starting to get periods of little changes. The Aroon UP will simply hang, kind of like reaching a plateau. This is the same kind of activity that can be found when a traditional oscillator reaches overbought readings. And, it stays in overbought reading for a good amount of time. The Aroon-Up continuous reading close to the 100 level is an indication of a very strong trend. However, at some point in time one or two trade scenarios can happen: To expect a trend reversal Or, to expect a pullback
Long
by Tradingstrategyguides
CADJPY - 240 Bullish continuation and BAT Pattern set upIn consolidation. Recent high has broken previous structure high at 83.238 and is in a bullish trend. On the Day chart this is the last leg of a BAT pattern looking at completion of the D point at 102.765, quite some way off. The recent reversal in the "kill-zone" box has seen continuation of the bullish trend but has yet to break the current highest point at 83.554 and close above it. This would confirm the continuation up. On the watch list for a completion of the larger BAT.
Long
by pjpfowler
AUDCAD - LONG TERM CONTINUATION - SHORT TRADEAUDCAD Multi timeframe analysis. This is a short trade taking the WEEKLY downtrend as my bias using the Daily all the way down to the One Minute to pinpoint my entry. 1. Weekly Downtrend Continuation 2. Price at the Gartley Pattern with perfect ratios 3. Price has spiked out of every ADR channel at the high from the Daily - One Minute 4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case 5. Enter Trade PT1/T1: Potential Target 1 is the lower ADR channel band on the Daily timeframe (Exact price level will change over time depending on how fast price reaches it) T1/PT2: Potential Target 2 is the lower ADR channel band on the Weekly timeframe, used to build a basket of trend positions (Exact price level will change over time depending on how fast price reaches it) If AUDCAD pushes lower like my analysis STRONGLY suggests and how Friday closing suggests; AUDCAD will could provide a good move of over 200 Pips.
Short
by Vanlla
CADCHF - LONG TERM CONTINUATION - SHORT TRADECADCHF Multi timeframe analysis. This is a short trade taking the WEEKLY downtrend/RANGE as my bias using the Daily all the way down to the One Minute to pinpoint my entry. 1. Weekly Downtrend Continuation 2. Price at the ABCD Pattern with perfect ratios 3. Price has spiked out of every ADR channel at the high from the Daily - One Minute 4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case 5. Enter Trade T1. Target 1 is the closest Weekly Pivot to a 38.2 retracement of the pattern setup (Will be adjusted if the trade is carried across weeks) T2. Target 2 is price spiking below the highest timeframes ADR channel, in this case, the Four Hour (Will be adjusted if the trade is carried across weeks) T3. Target 3 is a spike below the Weekly ADR signaling a change in bias (Used more for trend position building VS expecting the price to reach it every trade)
Short
by Vanlla
NZDUSD - LONG TERM CONTINUATION - SHORT TRADENZDUSD Multi timeframe analysis. This is a short trade taking the DAILY downtrend as my bias using the Four Hour all the way down to the One Minute to pinpoint my entry. 1. Daily Downtrend Continuation 2. Price at the SHARK Pattern with perfect ratios 3. Price has spiked out of every ADR channel at the high from the Four Hour - One Minute 4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case 5. Enter Trade T1. Target 1 is the closest Weekly Pivot to a 38.2 retracement of the pattern setup (Will be adjusted if the trade is carried across weeks) T2. Target 2 is price spiking below the highest timeframes ADR channel, in this case, the Four Hour (Will be adjusted if the trade is carried across weeks) T3. Target 3 is a 2.000 extension of the Daily trend retracement (Used more for trend position building VS expecting the price to reach it every trade)
by Vanlla
ORBEX: EURGBP - Ready to Take Break-even Stops Lower?EURGBP could move a tad lower to complete intermediate wave 2 near 0.8480 before continuing higher. The said level is the 100% FE of the first minute degree zig-zag and could be duplicated as minor X was somewhat dominant. Look for a valid reversal above last zig-zag's minute b wave but expect minute c to complete first. Minute c should be truncated to support this outlook, otherwise, fresh lows can be expected. Should prices move below minute a low the complex minor W,X,Y pattern could come to an end. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Short
by Orbex
EURJPY - LONG TERM CONTINUATION - SHORT TRADEEURJPY Multi timeframe analysis. This is a short trade taking the Weekly downtrend as my bias using the Daily all the way down to the One Minute to pinpoint my entry. 1. Weekly Downtrend Continuation 2. Price at the Gartley & AB=CD Pattern with perfect ratios 3. Price has spiked out of every ADR channel at the high from the Daily - 1 Minute 4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case 5. Enter Trade T1. Target 1 is the closest Weekly Pivot to a 38.2 retracement of the pattern setup (Can adjust if the trade is carried across weeks) T2. Target 2 is price spiking below the highest timeframes ADR channel, in this case, the Daily T3. Target 3 is a 1.618 extension of the Weekly trend retracement (Used more for trend position building VS expecting the price to reach it every trade)
Short
by Vanlla
ORBEX: CHFJPY - Open Triangle Top Trendline Penetrated!It looks like the corrective wave (2) of the bullish intermediate degree has ended at 106.74 with an open triangle pattern formed in minor wave C of the A,B,C correction. The recent breakout outside the triangle barriers looks impulsive (as seen in minute 5-wave upside move) and fresh highs could be expected. In the short-term, we could receive a brief pullback before continuing higher to take out minute wave (iii) near 109.40. Or, we could get there first and then receive a pullback. Minor wave 1 is expected to end near 110.23 and as part of the intermediate impulse to the upside, minor 5 has a long-term potential above 120.00. This opportunity would be invalidated below 108.00. A break above 109.10 and then 109.57 would be validating the longer-term outlook. Stavros Tousios Head of Investment Research Orbex
Long
by Orbex
SHORT Trade Based On Price ActionThis is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression channel. ====LOWER TIMEFRAMES==== The lower timeframes generally agree with what we are seeing on the daily chart. However the H4 is currently encountering a lot of support. A more conservative trade would be waiting for that support be broken and then retrace before entering. ====STOPLOSS PLACEMENT==== A conservative level for stoploss would be above the previous lower high on the daily. ====PROFIT TAKING==== Consider taking 1:1 profits before the daily's lowest low in the downtrend. However, scope to take profits into oversold area of linear regression channel.
Short
by NextForexTrade
SHORT Trade Based On Price ActionThis is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression channel. ====LOWER TIMEFRAMES==== The lower timeframes generally agree with what we are seeing on the daily chart. However the H4 is currently encountering a lot of support. A more conservative trade would be waiting for that support be broken and then retrace before entering. ====STOPLOSS PLACEMENT==== A conservative level for stoploss would be above the previous lower high on the daily. ====PROFIT TAKING==== Consider taking 1:1 profits before the daily's lowest low in the downtrend. However, scope to take profits into oversold area of linear regression channel.
Short
by NextForexTrade