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Midterm

GBPCHF Bearish Trend AnalysisGBPCHF - Short to 1.20 level Timeframe : Mid-Term Aug. 3 = Engulfing Bearish Candle = Bearish Strength Aug. 7 = Inverted Hammer = Bullish, but failed verification on next candlestick Aug. 15 = Falling Three Methods Candle = Strong signal for new Low @ closing, achieved @ 1.2518 - Signals Downward Trend to continue Resistance & Support Levels: R3 1.2453 R2 1.2418 R1 1.2366 S1 1.2280 S2 1.2245 S3 1.2194 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
Advanced Pattern & Elliot Wave confluence +300 Pips OpportunityNice high probability , multi argument short opportunity on the daily. In line with a short trade on EUR/GBP that I opened yesterday. Euro showed some strength since the first round of the #frenchelections2017 and the US dollar surely suffered after the #Trumpleaks. These fundamental facts pushed the EUR/USD with some significant momentum into an interesting resistance area. A combination of a completed 5 wave Elliot move + BatPattern + RSI overbought. Target on the 38.2% retracement should provide more or less 300 pips. If price comes back and double tops at entry a second chance is provided to target another 300 pips. Those brave traders who are willing to sell into strength may receive some significant return if this strategy pays off. BatPattern, especially on EUR/USD have a high rate of success but remember, no trade is a sure game!
Short
by LorbeerInv
Mid term long silverThis is my first non crypto idea. I've read/heard commodities are the most similar to crypto to trade, so i'm going into them. I'm opening quite a big position in here for my standars thanks to leverage. Here are my technichals to support this long setup. Three weeks downwards tend broken Daily RSI and MACD bull divergence Bottomed at +1year three points ascending trendline Weekly candle suggesting bottom and trend reversal ( see chart below ) Daily MACD bullish cross inminent Entry: 16.439 (or monday weekly open) Target: 17.822 Stop-loss: 15.653 Leverage: x5
TVC:SILVERLong
by bagofXMR
4
60% chance of making 2 time 500 Pips until SeptemberPreferred scenario for the summer: USD/JPY did not made into the major support area 107 - 106´s. JPY could still show strength against the US dollar, hence I gave it a first split entry at resistance to chase the 107 low prices. However, new low prices often only come after a some kind of ABCD correction. I am typically planning a second entry on D somewhere between 1.141 & 1.618 of bc, depending n the lower timeframe price action and if an advanced price action pattern will appear. First target at the april lows and second around the 107 - 106 low depending on the momentum of the desired short fall. If my underlying assumption is wrong I will hedge prices above the March highs to stay neutral and see if USD pushes above 118.6 JPY. Any one having similar midterm assumption at this stage?
Short
by LorbeerInv
GBPUSD Range Trade from 1.215 - 1.26GBPUSD ranging between well tested support and resistance levels at 1.215 and 1.26. Based on existing uncertainty surrounding Brexit, and fears of 'Trump Rally' reversal I hesitate to predict the trend going forward, but as 'Brexit' appears to be at least partially priced in, I'm more comfortable buying below support, with a tight SL, and TP at 1.26. This strategy is supported by the high volumes accompanying bull candles at the bottom of the range, suggesting high Sterling demand at these levels. This is all contingent on no major surprises in the economic releases for the next few weeks.
by Trade_Wind
Watch out for Natural gass move...e see lately the rally of the natura gass trying to change it's trend upwards. Some traders might disagree and they think that natural gass already change it's momentum. Yes i agree with them short-term but i stronly believe mid-term momentum isn't change yet and they should be cautious.. There is a possibility to witness a bearish flag pattern and nothing more here. Don't forget we are talking about a seasonal product. We can also see the profit taking at these levels as i mentioned before and the weakness of the market to validate 50% Fib level at 3,250$ don't even mention 61,8% Fib level at 3,400$ level. 3,250 very well respected ressistance/support through the years. We want to see creating higher lows and higher highs above these levels mentioned, to validate the mid-term ternd that we can see at the chart since previous year. We also see the price hitting top Bband. Stoch RSI% at overbought levels. ADX still hasn't validate 20 level to create positive trend. HAPPY TRADING GUYS!!
N
by The_Greek_Trader
2
Silver ready to shine...Silver started this week with a small gap up favoured by the decline at stock market and the decreased value of USD. Both these facts triggered by the incapability of president Trump to pass the new healthcare system. Dollar slipped and broke the neck line of the head and shoulder formation that occured. Uncertainty started rising about the power that president Trump has in order to pass other more important plans such as the 'Tax plan'. TECHNICALLY Silver just like gold,due to the strong positive correltion between them,they are trying to validate the 200MA and BC trend-line. We can see that silver has formed a symmetric triangle ABC,that has to break,which is basically the corner of a larger triangle EFC(if you zoom out) that a longterm trend line since 2011 has created. Closing daily above 18,06$ and keep these levels weekly it will be a good bullish indication. Because we can use 200MA and red trend line BC as a great support. Once 200MA is validated the first target is 18,50$ 50%Fib level and upper BBand, second target is 19$ 61,8%Fib level plus strong resistance well respected at the past. We can also see a rising inverse head and shoulders(BLUE AREA) with neck-line already broken upwards. Also Macd will turn positive simoutaneously with 200MA and BC trend-line. T1 18,50$ T2 19$ SL 17,80$-17,90$ HAPPY TRADING GUYS!
FX_IDC:XAGUSDLong
by The_Greek_Trader
2