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Dailyoutlook

EUR.USD - Patterns, Patterns, PatternsOn the EUR.USD Daily chart we have potential long and short opportunity's. Bullish Gartley Pattern (Grey) - D leg completion 1.0612 Bearish Bat Pattern (Blue) - D leg completion 1.1378 Bearish Gartley Pattern (Purple) - D leg completion 1.1050 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for both the Gartley & Bat Pattern placed at the .382% and .618% retracement of the A to D move. www.UKForexSignals.com www.Instagram.com www.Instagram.com
by UnknownUnicorn180388
11
TRADE WHAT YOU SEE: Overall Expectation for next week on EURUSDTRADE WHAT YOU SEE During my Top-Down-Analysis which means for me that I am starting on the Daily timeframe, I thought this kind of process would be quite interesting to share. 1st: I identified the broken structure to the downside 2nd: I anticipated the outside return into previous strc. resistance, which completed last night during the asia session. 3rd: Now I am expecting further decline . With this overall plan I move down to lower timeframes to get involved in potential shorting opportunities. -Have a great week of trading. -Felix
Short
by WirmachenTrader
2
Breaking Down the SPX500 Daily Using Price ActionRight now I'm Still Neutral on SPX500. This could all change IF we break & close below the Major Support level on the Daily time frame. IF, we break & close below that level, THEN, I would expect Price to run back down to Previous Lows (Green Dashed lines on Chart) @ around 1880's level. So far in this Uptrend we have started making a series of Higher Lows which should be a Red Flag for this "Uptrend" on the Daily Time Frame. All the Lower Time Frames have been in a Bear Trend all month and the Daily Time Frame is what I'm waiting for before we can safely say that this Market is truly Bearish. This will come with a break & close below the Major Support Level. This is just an observation on what I'm seeing on the Daily Chart. This isn't a trading idea per-say but I will continue to Sell Rallies on the 60min Chart. Hope this helps!
FX:SPX500
by PateSkpate
1
AUD/CHF - Daily OutlookThe AUD/CHF chart is something I have been watching for a little while. I have been very bearish with many of the Aussie pairs on both a fundamental and technical level for some time, so it is no surprise that the AUD/CHF has taken a skydive this year. Although I don't trade the daily chart I am cognizant of the approach and then the break and close above the bullish trend line. As price is now approaching the previous Lower High, I am looking for a break and close above at 0.7112 If price can get above the previous Lower High I will then be looking to narrow down an entry point on the lower time frames. Website: www.UKForexSignals.com
Long
by UnknownUnicorn180388
1
Short GBPJPY Daily OutlookShort Entry @ 191.640 StopLoss @ 192.220 Take Profit @ 189.770 Broken Daily support over bought have had a double top in the past couple days which ran right back into the support turned resistance marked by the pink line. Fundamentally the Yen has gained some strength and it is being shown a little bit across the board. Technically we can see a lot of structure in play and see a quick fast nice and easy opportunity with a Risk:Reward coming in at 1:3.22 Looking at the structure of this trade we can see a support coming in from a previous high for a take profit at the level of 198.770 just incase it does ascend once it reaches that level. For a stop 192.220 seems like a fairly decent area without being too close to current Price Action. Please feel free to give some feedback and share your thoughts Thanks :) - Rennie
Short
by Rennie
18