Long-setup
EURJPY SET UP IDEA, NEW HIGHS!?If support holds we may see bullish price action towards upside target 1- then then target 2
However if we get a break of the ascending trendline we could see bearish price action towards downside target one
NZDJPY Buy SetupLook for buys. The price is still trading inside the channel. Stops below the previous swing low and take profit at the previous high or 83.600 as extension.
EURAUD POTENTIAL LONG TRADE SETUPWe have just had a very strong impluse on this trade and now we are getting a trend continuation pattern. I will be watching how price will react around this area my fib 0.618. First TP will be the 100% and second TP fib ext -0.27 mark
Projection DE30, looking for year high 13700~From a 100% technical perspective, my chart is telling me DE30 looking for top of bullish channel since post subprime crisis rally. Before this happens though, I'd like to see a drop to 12316 - 12392 (2015 high) for a healthy climb the coming weeks. So to conclude my thoughts I think we've seen swing high looking for swing low to a new all time high that might roll over very fast because of the lack of confidence in stocks that are already overvalued.
USDZAR long-term setupUnit could test fibonacci level at 12.68 or even lower at 12.31, then I will buy and hold for bullish trend reversal possible up to 13.7 area. High Profit/Risk ratio on this unit once it starts reversal.
Motivation:
Despite economic recession, Moody downgrade, political turmoil, ZAR has been strengthening. However, the longer-term effects of the economic downgrades will become evident. The unit is expected to trade at 13.72 at the end of Q2/17. The USDZAR is undervalued at the moment.
AUDUSD Potential Long Position (4Hr Timeframe)Long position as trend breaks out triangle and moves towards retesting new support, which I believe will lead to a bullish movement towards resistance.
BITCOIN UPDATE: 3 CHANCES to strikeBITCOIN: BTCUSD Third time lucky? Three chances left to land this fish
WTI: USOIL: Pushing up against resistance.WTI: USOIL Pushing up against resistance again so am locking in profit - it still looks strong - but you never know - so am locking in now and looking to go long again 15 or so higher once overhead resistance is cleared
WTI Spot:USOIL Pushing up against resistance: buy pull-backWTI Spot: USOIL Pushing against near-term resistance and needs more Dollar weakness to move up further from here: should come back some from here to give another buying opportunity as per comment. If trading this PLEASE watch DXY chart. The will move in near perfect opposite direction in the near term and DXY is pulling WTI, not the other way round...and the dollar looks like it has further to fall
EURUSD: Trying to break out, needs DXY to break 97.3 to confirmEURUSD: The Euro is trying to break to the upside again - but it needs confirmation from DXY to power ahead from here. DXY has to break below 97.3 to let Dollar bears run riot again from here. Keep an eye on it. It should be defended in 97.43 to 97.33 range by last dollar bulls. If/when 97.3 is broken it will effectively say that the Dollar has lost its last friend and defender...that is the point (if struck) to get heavily short USD and the point to increase long euro positions
WTI Spot USOIL: still waiting for pull-back to 48.54 at leastWTI Spot:USOIL Still patiently waiting for WTI to come back to 48.54 at least and at lowest to 48.26 before getting long again, looking for rally to 50.09-50.18 - Far East originated impulse wave from 10pm Eastern last night. We could see the same tonight looking at the chart
UKOIL:Brent Crude Long set up from lower down at 51.09 if struckUKOIL Brent Spot: Like WTI it will hopefully get sold sold off on open in Far East about 10pm Eastern US time - if it does it should present a good buying opportunity at 51.09 for rally to 52.53, then 53.50 - worth setting a buy order up and seeing if it gets struck - and if it doesn't do the ideal and rallies from here and not lower down, it's still worth following on a move through 50.95 for rest of rally as above
EUR USD * TECH * BUY"READ TRANDS, NOT DESCRIPTIONS." :)
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Good trade everyone!
GBJPY : Long Setup towards 150.00WXY formation is almost finished near 50% retracement. 138 and 140 are key levels for successive breakout.
EUR/JPY Long SetupEUR/JPY looking like it will break trend and continue within the channel.
set traps and wait it out
