GBP/USD Strong Signal For Day TradersGBP/USD will take a u-turn soon. The best test/entry-level is 1.2776 . So day traders can buy nearby it or at that level for targets of 1.2826 - 1.2866 .
Risk: $26 Pips | Profit: $90 Pips
Forextips
GBP/USD Trend Analysis based on Elliott Wave theory.According to the chart above, GBP/USD keeps moving upward nonstop. But it rallies pausing at reversal points (strong resistance) for a few days or weeks. At present, it's again at a strong resistance line.
Will it uptrend over here? Can British Pound / U.S. Dollar start a downtrend?
As per the Elliot wave theory, GBPUSD can run for 1.34450 level to complete the fifth wave. You can take this level as a target.
We may see corrective waves (A, B, & C) ahead. Hence, be ready for the targets 1.33200 and 1.29800 .
Don't forget to keep eyes on Stoch RSI crossing to take a new entry.
Here's the One USD/CHF Chart to WatchU.S. Dollar / Swiss Franc is very close to hit lowers highs line and apex isn't far from here. According to this chart, upper breakout possibilities are higher compare to downward.
For short-term traders:
Target Price 1: 0.91200
Target Price 2: 0.91500
For long-term investors:
T arget Price 1: 0.91800
Target Price 2: 0.91920+
Look into the chart, USDCHF has tested 5.7 years low after breaking out the support trendline.
Therefore, short position cannot initiate after breakout of higher lows line. A downtrend will start the support trendline breakout only. That can be for 0.90500 to 0.90250 levels.
USDCHF Trend Analysis & ForecastsAs per this chart, the trend continuation will drag up for 9.94600 - 0.95000 levels.
Keep your eyes on the support trendline, USDCHF has broken it. If it's not fake-out, 0.92360 - 0.91800 target levels.
The Big Move In EURAUD May Be Right NowEURAUD price begins to accelerate higher faster than other currencies from the control price (CP). It can hit 1.63500 - 1.64060 after crossing the CP level.
Hurdle: 1.62150
This hurdle is a game-changer. It could explode downward and prices may fall 1.61850 to 1.61360 levels.
The above information is sufficient for a smart trader to start minting money.
CADCHF SELL Consolidation to .7400-.7380Previously, I made a post on consolidation options for this pair saying that if the BULLS broke the CTL that the CAD would be moving up to consolidation high's around .7620 it has made it up to that point and has broke a CTL bearish on the daily so I am looking for a 2hr high price to sell down to the .7400 area to .7380 consolidation lows.
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AUDCHF SELL Swing Short Term Target to .6800Bears has flex their muscle and with AUD weakness there is some room to the downside before hitting month support at .6800 looking for CTL breeak on 2hr chart and stop will be made above the .6900 pivot area.
If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
AUDCAD POTENTIAL SHORT OPPORTUNITY.We can see a fake breakout of daily trendline. This usually means exhaustion and we are ready to continue the downtrend. price is touching trendline again and we might have a potential double top at 0.5 fib retracement. We can set targets at AB=CD completion.
EURAUD 4H HEAD AND SHOULDERSWe can see a h&s pattern at 4h chart. Waiting for a reversal pattern at right shoulder. I will enter at right shoulder because of the extra confirmation from trendline. You can wait for completion of h&s and then enter. Enjoy.
USD CAD SWING POSITION LOCKEDWe can see a rising channel breaking at USDCAD. After that, we saw a bearish flag, a break of the bearish flag and already a retest. We could enter earlier but this is still a good opportunity if you're not afraid of a bigger stop loss. Price also broke trendline at 1H chart showing momentum downwards. Enjoy.
EURUSD TRIANGLE FORMATIONEURUSD is at the lowest level of a consolidation at Daily chart. Lowering timeframes, I can see a triangle at 1H chart that has been broken after a triple bottom. I will wait for the 0.618 fib. retracement and a reversal pattern at that level in order to enter long. Possible trend reversal if this triangle keeps my analysis. You can set your targets with AB=CD completion as always or at 1.272 fib extension. ENJOY.
USDJPY WEEK AHEAD PREDICTION.1) Triangle breakout.(after an extended uptrend)
2) We predict a retest at previous structure.
3) Wait for a double bottom to confirm it.
4) Local support gives extra confirmation.
5) Not any price action signal of trend reversal.
Enjoy!
GBPJPY 4H TRIANGLE BREAKOUT.We saw GBPJPY break from the triangle. It's early to enter. I expect a nice retracement on GBP next week because it's really been under heavy pressure!
I suggest wait for a clear re-test before entering this trade short, but as always here's a beautiful R/R ratio and awesome targets. Don't forget to follow me if you like my work. Enjoy.
NZDUSD 4H HEAD AND SHOULDERSClear Head and Shoulders pattern at NZDUSD. Double top confirmed at right shoulder which happens to be at 0.618 fib retracement. 5:1 R:R with aggressive entry and goals. Rsi helped too. Let's see if it will melt.
Enjoy.
XAUUSD 1H CYPHER PATTERNHere is a cypher pattern I spotted today at Gold. Enjoy.
As always, targets and stops at screen.
GBPJPY 1H CYPHER TRIGGEREDAfter brexit news a cypher pattern has completed. I always enter aggresively at cyphers so here you go. Enjoy.
USDCAD POSSIBLE HEAD & SHOULDERS 4HRight shoulder held at 1) local support area.
2) 0.5 fib retracement.
3) we also had a 3bar reversal candle
3)RSI left oversold conditions. Target at previous highs. Enjoy.
AUDUSD FLAG BREAKOUT CONFIRMATIONAUDUSD played out as expected and I'm entering now. You can see the extra analysis at previous post. I post my entries now. Enjoy.
USDJPY POSSIBLE RETEST OF TRIANGLEUSDJPY finally trying to retrace at the previous structure level. If price manages to go at previous structure and we see a clear reversal signal we can definitely enter long continuing it's breakout after a clear retest. Good R/R ratios if we manage to enter that low. Keep this at your radar, and as always, enjoy!
EURJPY UPDATE PLAYED OUT AS EXPECTED.We saw a break of the trendline at 4H chart and a rejection this morning at 0.382 fib retracement with a double top at the lower timeframe (1h). Good R/R ratio. Enjoy.
AUDUSD FLAG BREAKOUT AND RETESTAUDUSD will likely follow it's downtrend.
We can see a double top (1h timeframe) after the breakout @ 0.618 fib. retracement. Target 1 at previous local support and target 2 @ 1.618 fib. extension.
USDJPY BROKE TRIANGLE, READY TO RALLY.USDJPY Broke triangle at 4H chart.
Possible return at previous strong resistance. Targets 2 go for ABCD completion and targets 1 at previous high. High probability trade to kikk off your week. EUR looks strong also along the markets.
EURJPY READY FOR THE NEXT BIG MOVE?EURJPY with it's lovely huge volatility managed to break through the rising trendline at Friday. I wish we could see a clear retest and even above the trendline because I would love to enter at 0.5 or even 0.618 lvl instead of 0.382 for better r/r Ratio and better targets. I would suggest to trail stops in this one if you enter, because it might signal a new trend and it would be a pity not to ride the whole trend.
