Long Term, Big Reward Play on CHFSGD Wait for another month or so, then look for Swiss Franc to shoot up come October into the new year.
Forex-currency
Sell Limit Weekly TradeUSDJPY posibly weekly price bearish trend once it hits the sell limit for a better risk reward
AUDUSD SHORT POST NFPH4 VIEW OF A TRIPLE TOP FORMATION AT 0.7650, PRICE HASTRIED TO BREAK PRICE MULTIPLE TIMES BUT BEARS KEEP ON PUSHING BACK,, STOP LOSSES JUST ABOVE THE DAILY FIB LINE 0.78 .
WILL BE WATCHING FOR A PULL BACK DURING TONIGHTS ASIAN SESSION AS IT HUGS THE TRENDLINE IT HAS BROKEN.. TP ABOVE 0.7420
NZDUSD SELL SETUPTrading can be so complex and intricate sometimes. I try to keep it as simple as possible. Impulse, correction, impulse. Identify the corrections and trade the trend continuations. Pair that with a little technical analysis and viola! A corrective channel structure has taken shape here. Anticipating the bearish breakout to continue the trend. I take the trade only on confirmation of the breakout. No breakout, no trade. Fibonacci aides greatly in plotting targets. Simple enough
AUDUSD GOOD ONLY FOR SWING TRADERSWhat : Shorting opportunity @ 0.758 upto 0.742 then long upto 0.766.
How/Reason : On larger time frame i.e. monthly this pair is creating double top due to extreme upside momentum it had recently from the origin of double bottom. Thence time correction is forming in terms of double top.
Timeframe : this will happen entire this month
CADJPY from $80 to $90Reason : Has taken support @ 61.8 FIB level and in the course of reversal formation since 18th Jan 2016. Will bounce @$80 upto $90.
Timeframe :Upto First week of july 2016.
EurChf Daily TF. s&d areasselfexplanatory
1.08 daily demand area
1.077 weekly demand area
Im looking for PA buy signal in this areas
AUDJPY - Potential for multiple Day and Swing Trading setupsMultiple swing and day trading setups on the 15m and 60m time frame.
I've simply applied predictive analysis to forecast price action over the coming days or weeks. Techniques I used for this are advanced patterns, trend lines, breakout patterns and Fibonacci ratio levels.
The positive expectancy on this type of strategy has been very high provided that we see this type of pattern develop on all the time frames.
All the best
EURUSD MAYBE LONG ON THE DAILY (NO TRADE TAKEN)Hello again,
Just doing some more analysis on another pair, this is what I think may happen as the FED will be increase their information on whether to keep or change interest rate in the next couple of days which may weaken the dollar.
Again I welcome any feedback good or bad as mentioned I am only testing my knowledge before I go LIVE trading.
Oil hits massive supportI feel like Oil is due for a bounce due to its sharp decline and 10+ support levels. Playing Oil through options (USO) futures or forex (WTI) is a great risk reward.
RAISE THE FLAG - GBP/NZDConsolidation over the last couple of weeks, after an impressive breakout from the previous trend, appears to have created a tidy flag formation within a neat channel.
Price is now intercepting the meeting point of the 50EMA and the Support at the bottom of the Channel. This is the third time price appears to be reacting to this support and a reversal Candlestick here would signal a great long entry to the upside of the Channel. This level is also right above the 0.382 Fib Retracement level so a low test on the Channel, 50EMA and through the 0.382 level would really kick off the bullish movement with a future Bullish trend continuation breakout to retest the 2.1000 resistance level being likely.
Correlation with the GBP/USD also shows promising long potential as highlighted in the linked post -
Bat USDJPYBearish Bat @ USDJPY
Last bat @ USDJPY was a looser. Here is where psychology comes into play, you must continue to follow the trade plan even if the last 10 trades were losers.
Does this mean that this trade will be a winner? I have no idea. All I know is that I will keep executing my trade plan no matter what is the outcome I get.
I will do some videos on psychology soon.
- Reminder, In about 3 weeks I will start making videos explaining each of my trades and the rational behind them.
Short Term BuyAfter looking at the recent candles, they show increased buying pressure in the 1.3563 area. Over all it looks as though price broke to the downside after being in a range within a larger downtrend. That said this trade is a counter trend trade and is a bit risky, so I will use a very tight stop.
please comment / criticize
Deep Bearish Crab on NZD/USDA bearish crab (blue) has formed.. A double top at the 1.618 ext may confirm this trade. If not.. there's another bearish harmonic pattern on the daily chart. The bat pattern (yellow). Let's see if the crab pattern will override the Bat and take price down
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The currency forecast poll is a useful tool.I use the currency forecast poll and compare my own view on the market with the experts who get paid for their forecasts. In this case I have used the USDJPY. I believe that the technicals signal a move down to about 101.5. Here is what the pros say: www.fxstreet.com
I also use the awesome oscillator. When we see the awesome oscillator move below the zero line, We should see the price is setting up for a movement down with momentum and this view would be bolstered by the moving average.
