EURNZD - ShortBearish Kangaroo tail (pin bar) formed on the weekly chart. Target will be around 1.65700.
Naked
EURGBP - ShortWeekly candlestick closed outside trend line showing bearish outlook.
Large pin bar formed on daily chart.
USDCHF - ShortPrevious weekly candlestick pierced through BB, showing a reversal sell signal.
Daily bearish pin bar formed.
EURJPY INTRADAY SETUP (HEAD & SHOULDERS)Potential Head & Shoulders Pattern on EURJPY forming.
Enter on break of the neckline (yellow)
If price makes a new high first, setup invalid.
USDJPY BULLISH FLAG SETUPUSDJPY is trying to break above a bullish flag pattern, we can enter long targeting next resistance in anticipation of a continuation if it breaks.
If price breaks back into the flag channel, it may invalidate the trade and need reassessment.
GOLD BEARISH FLAG PATTERN SETUPPotential bearish flag pattern setup on Gold after a leg down. Look for a break below the flag for continuation lower.
If price breaks above, setup becomes invalid.
The Golden Mirror? (Gold Forecast)The Gold chart looks almost completely symmetrical at the moment and may continue, bringing savvy traders some golden opportunities when paired with the current commodity bear trend.
Outside of that, look to significant support & resistance levels for entries and trade opportunities so you don't get chopped up in the middle.
GBPJPY FORECASTGBPJPY is in a short-term uptrend (purple), however the overall structure is looking like a bearish flag pattern. We expect price to retest previous lows if the trendline breaks.
In the short-term, we have a potential leg up back towards resistance with bounces from the 200MA (break of orange line).
Some good risk:reward trades at the significant levels on the chart.
==============================
ELEMONT FX
Experienced Proprietary Traders
==============================
FACEBOOK: goo.gl
USDJPY FORECASTUSDJPY is currently forming a bullish flag pattern and has created a minor higher low, rebounding off the 200MA twice. However, price within the flag is still technically in a downtrend until breakout.
Nice risk:reward trade setups at levels of significance
A breach of support may invalidate this structure
==============================
ELEMONT FX
Experienced Proprietary Traders
==============================
FACEBOOK: goo.gl
AUDUSD FORECASTAUDUSD is currently range trading with a bullish-biased structure. If the new higher-low holds, we may see a break beyond resistance and new highs. Great trading opportunities at levels of significance on the chart.
==============================
ELEMONT FX
Experienced Proprietary Traders
==============================
FACEBOOK: goo.gl
GBPUSD FORECASTGBPUSD broke a previous pennant and moved higher but is currently retracing, most likely to retest the former pennant
Good risk:reward trades can be found at significant levels, remember to use confirmation
==============================
ELEMONT FX
Experienced Proprietary Traders
==============================
FACEBOOK: goo.gl
EURGBP FORECASTEURGBP is currently ranging + broke below an uptrend + near resistance
Excellent risk:reward short play near the range resistance, targeting a TP near the 0.618 fib level
==============================
ELEMONT FX
Experienced Proprietary Traders
==============================
FACEBOOK: goo.gl
USDJPY LONGAfter the consolidation it is apparent that based on the established low to high followed by a higher low, that an uptrend has been established and a Long breakout will ensue.
EURJPY - Inside Day Candle spotted!Yesterday's candle close within previous candle range. I'm biased in trading long.
1. Inside day candle.
2. Currently on a demand zone resting above weekly significant support line.
3. Price has been consolidating bearishly.
1:3 risk reward for this trade.
Naked forex technical analysis. Just follow the trend. We just want to share our long term view about EURUSD. We show some key levels.
This is how naked forex technical analysis looks like with no indicators etc.
Just follow the trend.
LH - Lower High
LL - Lowe Low
Have a good trading week !
EURUSD Level 1 consolidation at fib level. Bearish GartleyBearish Gartley in progress already activated now at level 1 consolidation. Expect up move and back in bearish trend. Price at important fib level. Trading in between the two zones established. Target and Stops around the zones
EURUSD DAILY FORECAST CLEAR PRICE ACTIONHello!
We have good opportunity trade in the nearest future on EURUSD Daily Chart.
It's VANILLA PRICE ACTION ANALYSIS; key support and key resistance level (here we have wide resistance Zone!).
Just waiting for a price action formation in key resistance zone to short EURUSD.
Good Trading!
EURJPY short RSI overbought about to touch .786 retracement- EURJPY made a jump of 80 pips in 4 hours.
- Waiting for Kangourou Tail to form with a high above .786 retracement and close at or below the retracement. Or, wait for Big Shadow to form
- RSI is overbought
Entry :
- Wait for Kangourou Tail or Big Shadow to form then put sell order below the low of it
Exit :
- S/L above high of Kangourou Tail or Big Shadow
- T/P above .382 retracement might change it to .236 afterward
EURAUD : 4hr Bullish Butterfly, take it or leave it. #freepips This is quite a time to be alive folks, as we have a beautiful bullish butterfly forming on the 4hr chart. No kidding. And to further confirm this reversal, we are also hitting daily support. You're welcome.
USDJPY CLASSIC DOWNTREND MARKETUSDJPY prints a perfect classic stepping-like downtrend. With just a naked clean chart and a simple understanding of price action trading, you can easily spot high probability entries. Now price is hanging on key level resistance and we few bearish candlestick signals. Lately the market created a pinbar and an ideal entry is 50% range buy limit entry on the pinbar with tight stop loss and wide target. Trade safely.
