Forexstrategy
GBPUSDHi my friends,
This is our new pound trade,hope be successful at the end.
First of all this trade must start after first reversal in RSI Daily and when RSI can break line i draw in 4H.See charts bellow:
If it can't achieve,we will drop from channel to test yellow box bellow ,as support.See chart bellow:
I will update this idea and notify new signals.Do not enter trade in risky way.
Good Luck
EURUSD: Roadblock Ahead!EURUSD reached an hourly resistance as seen on the chart. Based on our technical projection the price is expected to re-test 1.1575 before correcting higher, possibly taking out the initial resistance (in blue).
Only a firm break (hourly close) above the initial resistance (in blue) ma pave the way for strong gains towards the latter resistance (in green).
USDJPY Technical Crossroads: Will it Break Higher?President Trump threatened a government shutdown should Congress fail to pass the bill for wall at the Mexican boarder and change immigration laws to merit points. We have not seen a significant reaction to these comments that were made on Sunday but we are noting a weaker USD against a basket of currencies.
USDJPY reached its 4hr resistance, which was tested following the recent 4hr close. Rather than attempting a short trade in the currency pair, a 4hr close above the resistance may pave the way for further gains towards 111.35. The technical analysis is a fairly classic breakout strategy which may take some time to materialize.
The Bank of Japan (BOJ) monetary policy is scheduled to be held during the Asian session, which may trigger some volatility in JPY pairs and crosses in the Forex market. Many wonder whether the BOJ will begin layering its plans for exiting the current Quantitative Easing (QE) program as it was hinted on several occasions in the past.
Do not that this is a strictly short-term strategy, which is not aimed to target hundreds of pips.
EURUSDHi,
We had an almost successful analyse on EUR last time and now many things are more clear for me in chart.Like we have a bearish pennant in chart and in that pennant we have another triangle formation that made more limits for EUR.
By all of that i think it's time for a short trade in this triangle with 2 target.
Target 1 = 1.163
Target 2 = 1.159
Stop loss = 1.181
Don't forget it's a short-term trade and i have much much lower targets for long-term that i will mention later.
Good Luck
GBPUSDHi,
After 2 Successful Analyse of pound we are here for third one.As you remembered we reached our short target sooner as i expected and we are in middle of Pound Long trade.GBP printed a great candle on D time frame and now i expect a little retrace and then continue upward.
Those who missed this long trade can enter it in retrace.
Good Luck
USDJPYHi Guys,
As you remember i had short-term and long-term scenario in my last USDJPY analyse.You can see them here:
We are still in play like what i expect and close to an important moment now.as you see in main chart we are still in bearish wedge and near to testing that triangle as support.This test can show us what will happen in near future.
After reach triangle price can show several reactions.First one that i really prefer is to not break it and just break the wedge and continue to move along (and above)the triangle(dotted line).But we have a bad bearish sign in MACD that can be dangerous.Second possibility is that price jump again after reach triangle and wedge line and make another swing in wedge.And third one,is a totally short chance.After test of triangle if we break it,we will enter it again and drop to at least 106.This is a logical possibility with that bearish wedge.Look at chart bellow to see all 3 possibility:
I will update it as soon as i find new sign.
Good Luck
USDCHFHello Guys,
We reached to our 3 targets in last USDCHF analyse,now i want to show you bigger picture in this chart.
As you see i have an ultimate target around fib 38% but for reaching there we have to walk in order two one of these two chart:
Good Luck
XAUUSDHi Guys,
I had a terrible analyse on gold last time and now find courage to look at it again.My last call had a stop loss around 1210 and thanks god we didn't reach there yet and we are still in play.
As you see i draw Support/Resistance level in this chart for you plus 2 bullish wedge.I can illustrate 2 possible scenario for gold but as you know lot fundamental factors are in play in gold market.Look at this chart,this is my first scenario
In another hand i have a support resistance line in my chart that started from Gold ATH and as you see we had several important reactions by it and somehow it helped market to revers itself.look at it:
In my opinion if Gold can't start to revers from here by this 2 wedge and can't achieve goals my first scenario,it will revers trend with another impact with this dotted line.As you see after August 2017 this like worked as Support and i expect a similar reaction by this,again.
For now hold your stop,all thing will clear in few days.
Good Luck
AUDUSD - D1 - LONGRisk Disclaimer: This post is not a trade signal.
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USDCHFThe USDCHF rebounded from 0.97400 as it's a key support from last week after pulling back to it. Today short-term seems to be short opportunity to me. However, today's data is uninspiring with the only highlights being Swiss CPI. We expected there's nothing change in CHF but We have to keep an eye on CHF!
GBPUSDGBPUSD is and uptrend as we can see on a bigger time frame . But in a short-term we're looking for sell opportunity. We see previous Price rejected at 1.36200 and heading down. So short-term sell opportunity seems to be possible.
GOLD - XAUUSD BUY 11/10/2017
It is necessary to point out the new resistance level 1291.60 - 1294.20, which contains large volume that has stopped the growth of the price. Now gold is trading a little bit below this mark. Given the sure growth we should give preference to long positions, but only after a breakout of this fresh level. The move should be sharp and supported by increased/large volume. A stop loss should be placed below the breakout volume bar. A potential of the deal is around 150 pips.
The bottom line: long positions after a breakout of the resistance.
This is potential Cypher pattern at XAUUSD 1H chart.XAUUSD 1H Cypher Pattern for Sell Set up 1284 has shown good resistant and now price can't break above . It's good to Sell SL Above X point
Target 1 @ 1275
Target 2 @ 1268
