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GOLD OUTLOOK SKACAPITAL We have a short outlook on gold. However, we trade what the market demonstrates and not what we believe. As you could see we have a possible bearish harmonic in play; which provides are with the possible target area 1 (1230.00). We have the breakout and retest which has already occurred and can possible see a second retest. Price is currently sitting on 61.8% if price breaks and closes above then we can see price reaching 1277.00 hence the reason of having our safest stop around 1290.00. As each target is met we would be re analysing to distinguish if the targets are still valid. We have a possible bearish ABCD formation to the downside of 1185.00 Target 2. ***PLEASE REMEMBER*** - This is just out projection, strategies would be used in planning entries and exits based on certain scenarios. - Trade at own risk
FX:XAUUSDShort
by SERGENAYTUG94
4
Long On AUD/USD BUY BUY BUY !!! (Risky) Reasons for -Firstly on the 4 Hour time frame we are up trending -There is a major trend line above us so therefore i believe that is prices next level before any bearish movement -We are making higher swings after coming down to our Trendline below price which is acting as support -We have clearly seen a reaction from this trend line acting as support as you can see we have bounced of with a very Bullish candle ! -We also trading above major key level of 0.7000 so best thing to do on the 4 hour is to buy Anyways like i said this trade is more risky simply because on the daily and higher time frames we are in a strong downtrend. Until we break the trend line to the upside then i will look for long term buying setups But i would be very careful of this setup guys as the best thing to do would be to sell but i will be looking to sell in the near future Also its a small stop loss of 30 pips which is extremely low risk :) My entry 0.70555 Trade safe guys good luck RISKY TRADE SETUP !
Long
by ARFXC
32
EURUSD 3 Reason to Short1. Daily chart: The chart is in continuous down trend. Just completed flag-similar pattern and now the consolidation is done. At this point, the price is pulling back to the previous low that was broken. (Highlighted area) 2. 4H chart: 55 EMA coming down at 240m chart and hitting the yearly pivot. 3. 1H chart: Gartley similar geometric is now complete. Publishing this idea at 11/13/2015, 9:50am Tokyo time. It is FRIDAY! Institutional dealers need to close their long position that was made this week TODAY. So, this maybe a good opportunity to go short IF the price hangs around weekly pivot area when London session opens. Enjoy Trading!!
by Toru
1
USDJPY SKACAPITAL As you could see as we have dropped down to the 4 Hour time frame it has become more clear. If price breaks and closes above the red management level then we can see price retesting the resistance on the daily range and the downward trend line. The 200 EMA is also acting as magnetic resistance around this level. We then can look for a short setup from this level; PA must be confirmed with analysis. However, if price remains below the red management level and demonstrates bearish PA on the 1-hour time frame then we would look short to our daily range support level. We then have to Re-analyse at this level to distinguish if price is going to break through the support or retrace then continue to the downside or form a possible harmonic pattern. Therefore, we would have real risk and money management on this trade. For those of you trading directly off the 4-hout chart stop losses should be 10-20 pips above the 200 EMA. If the Harmonic pattern does form; we would not be trading the formation of the harmonic we would be waiting for the completion so we can look for the sell. As seen on the chart a breakout and close below the daily gives us the next target of 117.250. Then a breakout and close below this level would lead to our potential weekly target and so on. Therefore, we looking short on this time frame but awaiting the PA confirmation which can be done on the 1-Hour time frame.
Short
by SERGENAYTUG94
USDJPY MONTHLY OUTLOOK As you could see on the monthly chart we have two key scenarios. It would become more clear once we drop down to the weekly time frame. However, as you could see price has breached above the downward channel demonstrating bullish momentum. This strength of the bullish momentum can be argued through the Divergence seen on the RSI and the chart. This therefore, provides us the extra confluence of a potential mini corrective downward structure to retest the upper trend line of the channel before a possible continuation to the upside. The “Management Level” can be a key indication if the short trade to the trend line is valid. This would be analyzed further on the weekly time frame. A break and close below this level would increase the probability of a retest of the trend line. Furthermore, the extra confluence adding to our decisions is the 200 EMA acting as magnetic support around the target area and the upper trend line. On the other hand, if price breaks above its 8 year high 125.920 then we can see further bullish momentum to the upside of 133.500 then up to the Red Box. As of now price is hovering around the neutral zone, as we are not trading directly off the Monthly chart we are looking for the short setups in regards to the potential downside movement.
Short
by SERGENAYTUG94
GBPJPY OUTLOOK SKACAPITALFor the meanwhile this pair is looking short to downside targets of 182.500 possibly lower. For those of you who are looking to enter short a break and close below the mini yellow trendily would be a good entry. However on the longer term picture we are looking longer to the "D" on the red harmonic pattern around 187.930. If price does not drop down to the 182.000-182.500 area then we can look to buy on the breakout and close above the red horizontal line 184.370. If price breaks and closes below 181.500 then we can look short to our red box target and possibly lower. We have our own levels in place where management would take place. The best scenario would be a long position from the "Good Potential Buy zone". Shorter term Target: Short Longer Term target: Long
Short
by SERGENAYTUG94
NZDCHF OVERALL LONGOverall we are long on this pair through conducting our top down analysis. On the monthly, weekly, daily time frame we have bullish signals. However, analysing the 4 hour window it seems as if the 5 Impulse wave is in play. If the 5th wave does complete around 0.64800-0.6500 we then can look for bearish signals for the corrective wave. However if price breaches and closed above 0.65100 then we can look for further bullish momentum to the upside. We would not be looking to short on the corrective wave until price has breached below the trendilne (Channel). The targets of the corrective wave are just an estimate, once we have bearish confirmation then we can look to set more accurate targets. For now are concentrating on the 5th wave
Long
by SERGENAYTUG94
GBPUSD LONG SETUP SKACAPITAL Have been saying for months that our target for GBPUS target is 1.6000. Price reached close to this level Mid June and late August. However, we are all about risk management and safety within the markets. As you could see on the chart price has been rejected to the downside "DPR" 4 times. These 4 levels sit on the 61.8% retracement on the weekly time frame. Even though I believe this trade setup is long I always have a safety plan (Exit Plan). So if price breaks below 1.50750 then would look short to the down side highlighted red box (Careful of false breakout.) However, As explained on the chart we have several upside targets. Day traders can gave multiple targets between current price and target 1. On the 4 Hour time frame we currently have a falling wedge representing a reversal to the upside in combination with oversold on the Stochastic on both the Daily and 4 hour time frame.
Long
by SERGENAYTUG94
EURUSD Waiting for the Long TradeEURUSD looking bearish on the opening of the market. All about patience. We will wait for the Long setup for the swing trade and day trade for the short setups. As outlined on the chart we have safety levels set up to help us determine in which way the market will move. If Price breaks and closes below 1.11200 then we can see down side movement to the "D" Extension 1.1000. However, if we see bullish price movement at price level 1.11200 then we can expect a bullish harmonic pattern back up to our achieved target. If this does happen then we would re analyse the chart to see whether it is a good short trade down to 1.1000 or a continuation to the upside. The Final setup would be if price breaks and closes above the 200 EMA and the "Neutral Zone" then we would see further bullish momentum up to our achieved target then possibly higher. I have been stating for months that EURUSD target is 1.2000. However, due to uncertainty and manipulative data I do not know exactly know how long it would take to hit this level. But It is possible for this pair to see 1.1000 once more before it moves up.
by SERGENAYTUG94