Gbp Usd thinking outside the boxHey everyone going a bit cavalier on this one as the gbpusd has run into my area of support and the bulls seem to be holding for the time being a little move to the upside will see me joining a buy to around 1.25000
Forex-pips
0,618 fibo could be enough to stop bearish movement?-CADJPYPrice has broken bullish channel. waiting a falling till 0,618 extension of second eliott impulse to go long searching fifth impulse.
Neutral Position - USDJPYNeutral Position - It has hit a monthly trend line which was tested 3 times . Keep an eye to see if that line gets respected or if its breaks through it. Great opportunity.
EUR/GPB - Bearish BatToday, we have a look at the EUR/GPB on the 4h chart. It seems as though a BEARISH BAT pattern is beginning to form.
The valid measurement for a bat pattern are as follows:
B: 0.382 - 0.5 ----> (0.416)
C: 0.382 - 0.886 ----> (0.7)
D: 1.618 - 2.618 ----> (2.609)
X to D: 0.886 ----> (0.886)
This pattern has formed after breaking out of the ascending channel that started in the beginning September.
Further evidence for the upcoming reversal is supported by the RESISTANCE zone at 0.8700
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
This is also looking like the rest of right shoulder forming from @lewisglasgow 's HEAD & SHOULDERS pattern on:
vvv EUR/GBP - Extended Pattern vvv
^^^A further play off of @lewisglasgow 's idea:^^^
After the BEARISH BAT pattern completes, we can look for the price to drop short term to the 0.86000 level... There seems to be some support at the level...(Referring to Lewis's BEARISH BAT pattern on his idea referenced above)^^^
IF the price breaks the 0.86000 support level, we can look for the rest of the right should to form and possibly dropping to the 0.84000 level
Any comments or suggestions are always welcome. Let me know what everyone thinks!
EURAUD Reverse Head And ShouldersThis is my first post!
Today, we are looking at what I believe to be a Reverse Head And Shoulders pattern. It looks as though it has hit a reversal and it touching back to the neckline...
If it hits a reversal at the neckline, we can look to putting in a buy position
EURUSD Short OppoutunityTypical breakout and retracement play for EURUSD. I'm looking for a short entry at the 1.121 levels after a clear retracement to head lower
Potentiol Bullish Gartley Pattern USDCAD long 4 HOURPotential Bullish Gartley Pattern USD/CAD long 4 HOUR
Take profit at 382 retracement, stop loss below x leg
Potentiol Cypher bullish Pattern-LONG position USDCAD 4 HourPotentiol Cypher bullish Pattern-LONG position USDCAD 4 Hour
Taking profits at a 382 retracement and stop loss below X leg.
EURAUD 30+ Pips 15 Min Advanced CYPHER Pattern Advanced cypher pattern, 15 min time frame. D completion @ 1.45161 level (Major Daily Support/Swing level)
30 pip T1 targets
GBPAUDPRICE ON THE DAILY CURRENTLY SITTING WITHING A MAJOR BUY ZONE, AS YOU CAN SEE BY THE POINTS HIGHLIGHTED IN SEPT 2015 AND ALSO 2014
ZOOMING IN A LITTLE THE DAILY CANDLE FOR FRIDAY TIRED A STRONG PUSH BEARISH POST NFP BUT THE 8/1 FAN ZONE KEPT IT IN CHECK FORMING A NICE DOJI. A BULLISH DAILY CANDLE TOMORROW WOULD INDICATE A HIGHER LOW AND WOULD INDICATE FURTHER BULLISH MOVES, ATLEAST TO THE .1.77 LEVEL.
I PERSONALLY AM LOOKING FOR AN EVENTUAL PUSH TOWARDS THE 0.51 FIB MARK AREA WITH A SL BELOW THE DAILY TRENDLINE WE BOUNCED OFF.
OVERSOLD POUND OVERBOUGHT FTSE
GBPUSD Triangle breakoutPlaying the breakout like always. Going to wait for a retracement and proper confirmation before entering into this one. Because of FOMC, becareful entering trades at this time.
USDCHF BULLISH BREAK OF PRICE CHANNELPrice failed to complete new swing low within price channel
1) Break and retest of descending price channel
2) Daily support held @ 0.98402
3) Daily candle closed as an bullish engulfing previous days
+ broken daily resistance @ 0.99040
4) Target 1 @ 0.96627
5) Target 2 @ 1.00398
Buy Set up EUR USD (25 pip target)EURUSD
Starting to show some strong signs of bullish momentum after a previous strong push down to structure.
25 pip T1 Targets
T2 targets??
NZDUSD DivergenceRSI indicates a clear divergence within this pair and we can also see NZDUSD stuck in a channel. I'm looking to short this pair down to 0.7227 area
GBPCHF Short callThe pound rose back up a bit since Brexit. However there are indications that it won't go up that much higher.
USDCAD Triangle formationA clear triangle pattern could be found on the USDCAD daily chart. I'm going to wait and see where it would break.
USDJPY IS A STRONG PAIRThe jappy has proven itself to be the safehaven zone for many traders after all the events surrounding Brexit. A good scalp position holds as USDJPY heads up to an area of resistance and trend line. It may also head down at 102.491, as it's right at a significant trendline and 76.4% fib levels. I expect the pair to continue to fall lower in the future
Eur/Jpy 1hr trade setup Break of structure EurJpy is in a consolidation period before our next wave UP!
Ema cross as well as holding as support
USDCAD continue to shortA lot of negative data coming out of the US lately. With the lowest NFP results in 7 years, Interest rates failing to rise again, and positive oil data, I would look to continue shorting USDCAD.
In the technical perspective, The 4th wave is currently proceeding, and I have a gut feeling it won't go higher than 1.2830 before turning around to complete it's 5th wave.
GOLD BREAKING MULTIPLE SUPPORT LINESThe bears on Gold are pushing hard against the bulls. As multiple support and trends lines are being broken, this commodity is providing a strong sell signal in the future for me. I will be waiting for a retracement up before entering
USDJPY Continues Down trendA Clear hold of the 110.355 levels could be seen (also the 76.40% region), and it looks like USDJPY will continue it's bearish trend. Currently, prices are retracing at the movement, and it looks like prices will continue lower after the retracement
