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-TECHNICAL ANALYSIS CENTER--NEW SIGNAL-
Type : Pending Order
Date : 26.8.2016
Time : 00:30 GMT+1
Technical : PPZ Trade
Pair : EURGBP
Timeframe : Daily
Trade setup : Sell limit
Entry at : 0.86066 ( 55 pips left )
Take profit 1 : 0.84985 ( 110 pips )
Take profit 2 :
Take profit 3 :
Stop loss : 0.87147 ( 110 pips )
Risk reward :
TP1 – 1:1
TP2 –
TP3 -
Our risk :
- Touch trades/Wick plays = .25-1% risk depending on the situation
-TECHNICAL ANALYSIS CENTER-
Note : Just to show you what mean PPZ.
Posted alert : 26.8.2016
Pair : EURGBP
Trade : Sell limit
Analysis link :
Fibonacci Spirals #01To help better understand how to use Fibonacci Spirals when trading, I have decided to dedicate a topic about them. My quest here, is to consistently generate predictions using Fibonacci Spirals. I have only recently started to see a pattern and once I found it, I could somewhat consistently reproduce the same results, that is... visually. I could not however expand the indicator to predict, only to accept the past. What had already happened.
Before we commence, there's one thing you should know about Fibonacci Spirals on TradingView.com (at least at the moment): they don't scale proportionally to the chart. It so seems there is a miscalculation which fire once you begin to scale the chart. For this reason I would suggest not scaling the chart when using this indicator.
I have used Fibonacci Spirals to create V-shapes at the bottoms. Each Spiral is positioned from the lowest low to the past high or future high. From thereon all intersections that have been made in the far future with those spirals have been marked and given colours corresponding the spiral's colours.
I shall elaborate in the near future.
USDJPY: Bull Pattern in a Bear MarketFollowing up on a topic we covered in last week's Monday session. Here's a perfect example of how you can have a trading opportunity that is both Counter Trend & Trend Continuation at the same time.
Remember gang, the market moves in fractals, meaning there are moves within moves and trend withing trends, within trends.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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Possible Channel Breakout GBPJPY Let the market give us a signalApplying that IF Then Syntax to your trading is key!
If we break out of the Channel, Then there is a good opportunity for the market to hit the initial target at around 156.70's.
Always trade YOUR PLAN!
Good luck!
Website: www.ogtpartners.com
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NZD/USD WEEKLY OUTLOOKNZD/USD Weekly perspective. Simple Weekly fib D2 extension confluent with resistance. Also if you check are NZD/USD daily post we also have another fib targeting the same resistance therefore this is are next target for NZD/USD Only looking to long this pair waiting for the perfect opportunity patience pays!
BEARISH BAT PATTERN ON GBPUSD AT RESISTANCE ZONE A short trade idea on GBPUSD. Coming into previous resistance zone while forming a potential bearish bat pattern completing at the 0.886 retracement. This offers a nice short opportunity for those pattern traders out there.
Targets at 38,2 and 61,8 % retracement.
Stops above X.
Website: www.ogtpartners.com
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USDCAD 240min Still Predicting $1.40's (with Video)A few days ago I shared an idea looking at the USDCAD predicting that price action has an opportunity to go as far as $1.40 before hitting any significant resistance. On that post I was looking at 2 levels, a main potential reversal zone and a smaller potential reversal zone in which I had an aggressive reason for entry.
Well, price action just missed my entry by a few pips which means I had to clear orders and wait to see if the market would provide another opportunity. I had some questions about the analysis as well so I decided to discuss it in a trading video (link below) along with my opinion on how to play next week's interest rate decision.
The main potential reversal zone is still on my radar but because we've created a new structure high, I'll also be eyeing up a closer zone between 1.3620's-1.3515's.
Here's the link to the video & if you're not a subscribe of mine on youtube stop missing out & become one
"What To Have Before Taking A Trade" www.youtube.com
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
USDJPY H4 HOW TO TRADE A DESCENDING TRIANGLE + PULLBACK SHORT £$Clean and insightful USD/JPY publish with overview on trading a Descending Wedge - just my opinion anyway :)
The base range is the distance from the highest point of the range to our marked low point.
We then take this same distance to determine the potential size of the breakout
Note how close USD/JPY came to reaching this potential level
in my experience price often pulls back to the level of its breaks out before continuing in set directional trend, lets see if that happens.
Stop inside of wedge, target still base range, proportional boxes give an idea of the momentum expected in short falls,
Fibonacci retracement level based of major high/low points within descending wedge, notice how it highlights key levels of price action within the wedge
161.8% level also strong confluence with potential target
Channel commodity index also in steady down motion
Good Luck and Happy Trading :)