EURCAD SHORT THIS WEEKThe Last week, the price ended a diagonal with its respective 5 waves, I hope the price doesn't exceed 1.4880, im looking a regression to close 1.14850 and my tp is in 1.46
Midterm
EURUSD mid term shortA head and shoulders pattern appears right at the top of the recent trend, as you can see, price action has come back up to retest the line drawn from shoulder to shoulder, I will trade once I get a signal on a lower timeframe, and trade back down to the line shown.
Will GBPUSD break MA 200 resistance line?Waiting for GBPUSD next move. Will it break MA 200 resistance line, what do you think? Watch OBV indicator.
Currency pair - GBP.USD
Chart timeframe - 1hr
Area of interest - 1.32314 (MA 200)
LONG target - 1.34095
SHORT target - 1.30295
If you find this analysis helpful, don´t forget to like and comment! :)
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.
NEO / BTC ideasI think there's a good possibility that NEO retraces about 35% in the next 5 days or so, which would offer very strong support, followed by a new ATH.
It seems to me there's a huge profit potential for small risk.
AUDJPY 4HR Long Looking for the BOJ to continue the dovish trend to weaken the yen. Looking to continue the trend to a 1:2 risk/reward ratio.
Enter @ 88
EUR/USD important areaMajor decision area for eu, if we break and retest the channel we might witness an uptrend, if we break the lower timeframe channel we might be seeing a downtrend.
I am bullish but the sharp up movement should not continue without a pullback, so if it breaks a channel it might come back up so therefore relying solely on the channels is highly risky currently.
EUR/USD short?If it starts going down not up without creating any new highs we might see a pullback to .38. This is just an idea, not a suggestion. Good luck!
USD/CHF midterm view 2 things could happen imo
1) pullback/reversal after testing the fibo levels;
2) new highs (continuation of the current bullish trend).
I see a strong dollar against the franc and combined with my technical analysis I am supportive of the second idea.
Long $EURUSD via bullish Cypher PatternHey folks,
I am long $EURUSD from 1.1192 via bullish cypher pattern.
Looks kind of sloppy, but I follow my rules no matter what.
Make sure you trade your plan!
Advanced Pattern & Elliot Wave confluence +300 Pips OpportunityNice high probability , multi argument short opportunity on the daily. In line with a short trade on EUR/GBP that I opened yesterday.
Euro showed some strength since the first round of the #frenchelections2017 and the US dollar surely suffered after the #Trumpleaks. These fundamental facts pushed the EUR/USD with some significant momentum into an interesting resistance area. A combination of a completed 5 wave Elliot move + BatPattern + RSI overbought. Target on the 38.2% retracement should provide more or less 300 pips. If price comes back and double tops at entry a second chance is provided to target another 300 pips.
Those brave traders who are willing to sell into strength may receive some significant return if this strategy pays off. BatPattern, especially on EUR/USD have a high rate of success but remember, no trade is a sure game!
Buy crude on the latest commitment of reduction? 30% OpportunityWaiting to get long Crude at a cheap level for some time. Price didn´t yet made it into my entry area around 45$.
Recently price showed 2 technical signs of short-term downtrend which made me confident to see lower prices. 1) break of uptrend line and 2) break of last swing low.
Looking for price to hit 45$ before rally may continues toward 60`s
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
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?
XMR short-mid term pressure to continue going up.I have listed 3 possible options which rely on 3 different support lines. All of them are possible for the short-mid term.
The view is a bit dirty, but can't save more than 1 graph with the free version of tradingview :P
If you like my ideas and helped you make/save some money, please consider tipping. ETH: 0x7B18d4abdAf0e2C3938776B06b6a5a8eee41C65f
Target almost hit! => +400 PipsAs advised 23/03. breakout out of Feb low price resulted in a sell of right towards the massive support area 107 - 106. Only 1/2 position invested as price never retraced to the 2nd entry. Prepared to take of position at 107.5 and look for long short term entries.
Another +250 Pips potentially to be earned on the pullback out of the above mentioned support area
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.
BEARISH CYPHER PATTERN FOR SWING TRADERS ON GBPUSDCame across a potential M240 Cypher Pattern completion @1.2515s
Place your Stops and targets according to YOUR Trading Plan!
EG Long - Mid Term TradeEG Mid Term trade (Long) around 2 months, let´s see, it will be a small position (Micro)
Reasons: Uptrend channel, continuation pennant, S&R
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!!
