Quarterstheory
EURUSD ShortI believe EURUSD is going to hit the Major Quarter Point of 1.10000, then fall down to 1.09000 with some retracements but long term. May possibly hit 1.09500 then rise to 1.10000 then play out. Will update.
Not a signal, just an idea and posted on here for interest on how it plays out
NZDUSD - Quarters Theory AnalysisWaiting for price to break higher than 125 pips above the red line and will then trade up to the half way point.
NZDCHF-Breakout Trade-Quarters Theory LayoverThis breakout looks good even on the Quarters Theory Overlay
GBPUSD With a firm hold above 1.3000...we could see price head back to 1.3100. But if price breaks through 1.2950, that invalidates the buy set up for me..
AUDUSD on watchAussie dollar fell towards 0.6672 after rates cut, where it found strong support and closing above a significant level suggesting a possible validation of the ABCD. With the weakening of the US dollar and the market giving a 73% chance of rates cut at the end of the month we wouldn't be surprised to see the AUD rallying towards the 0.695 level. Something to keep on eye on is the US-China trade.
USDJPY, Potential BUY STOP, breaking and retesting trendlineWe can see that USDJPY has broke the trendline of resistance in yesterday's session, as The Fed's rate decision rallied the U.S. Dollar. The price action so far in today's session is looking to come back below the trendline. In tomorrow's session I would look for a pin bar, with the wick reaching below the trendline. A bullish engulfing candle unlikely as the low-high of today's candle has a range of 50 pips.
Now, if we see price move up to 109.00 we could get hung up there as this is a whole level (quarters level) and we have previously seen 2 taps of resistance. If price action goes bearish here, sells are in place, and we would likely see a doji candle before the market reverses. If we see strong bullish candles past 109.00 I would look for buy entries.
In these trades, my risk is around 30 pips, and targets at 75 pips.
AUDUSD Elliot Wave-Still Moving Past 0.6850 ?AUDUSD is about to make the (final) 4-5 leg 0.6850 is a big place of resistance for 2 reasons:
It's a quarter level, and prices tend to make moves off of these levels. The 61.8 % Fibonacci retracement from the 2-3 leg on the 1H timeframe (prices 0.6837-0.6873) hits exactly 0.6850. So there is a high probability the Elliot Wave completes and ends up around 0.6894
My stop loss is currently set right below the half level
AUDUSD to break 0.6800 Follow-upNow AUDUSD is trading above the 0.6800 level. On the 4H there was strong bullish momentum, so I see price pushing further up.
I have a position of a 20 pips risk. My TP is in between the next quarter levels. I will close most of my position as price climbs up to 0.6850, as the market could get hung up there.
AUDUSD, can we break above 0.6800Aussie spent almost a month (backtracking from a week ago) trading in the 0.6750-0.6800 range after a huge drop in the pair.
We are now just touching 0.6800 . The question is: will we break above or stay inside the range again?
AUDJPY Triangle Breakout (WRITTEN IDEA)AUDJPY has been trading in this triangle for the past 8 days. It looks like we are breaking out of the triangle to the upside.
I am not looking to trade the retest(this could happen) but this is somewhat riskier. I would recommend lowering your lot size slightly if you want to trade off of the retest. I am looking for strong bullish momentum (I have a buy stop @71.750) with a 25 pips SL and a target in between the next quarters level.
Price action is already looking strong to the upside on the 4H, so I would recommend getting into this trade soon if you're going to take it.
AUDJPY Triangle Breakout (VIDEO IDEA)AUDJPY looking to break out of the triangle. Watch video. I will upload a written idea
AUDUSD LongExpecting price to eventually breakout to the upside for a reversal. Watch for a bullish breakout and retest for entries...
AUDUSD time for the bullsAfter about 12 days of serious downside movement we have seen 4 daily candles respecting the 0.6750 support level. 0.6750 is a Major Large Quarter Point. Prices have not traded this low since 2009.
Why all the bearish movement? Rate cuts and monetary policy, not just the US cutting rates. Reserve Bank of New Zealand cut rates, which pressures Australia (a big trading partner) to do the same. And as the dollar overall strengthens (look at DXY) AUDUSD falls.
So we saw rejection off 0.6750 I am looking for it to make its ascent. Buy in on a pullback (higher low) on the 1H timeframe. Please TIME your trade and look at price action. You don't want to buy before the pullback.
I have my targets set at the next whole level 0.6900. Set SL according to your risk. This will be held for at least a week.
USDCAD ScenarioWill be discussed on IML TV July 24 2019
Message me on TradingView if you are unsure of how to access the live class.
Trading involves risk and this is an optional idea to follow along with.
USDJPY LONG buy in on pullback.I apologize my chart is looking a bit crazy today.
So we can see UJ has come to the end of a market at the price 106.84 and we are currently in the 2-3 leg of an elliot wave (the Fib retracements are confirming this). The pullback (the '4' of the elliot wave) is where I will buy in. I'm going to ride the 4-5 wave to the upside.
The pullback should happen quickly (next day or so) because of the big price increase in the 0-1 leg (~160 pips). I do not have a buy limit set so I am waiting for daily pullback at about 108.60 near that quater point . The target range in 120 pips. I will have a SL at 40 pips.
AUDUSD Sell Limit at 0.7050 Quarter LevelLooking on the daily chart, AUDUSD is close to approaching the 0.7050 quarter level. In late April and mid May we saw resistance taps at that half level, so I am looking for price action to be bearish on lower time frames near 0.7050 and take a sell from there.
Could it go bullish from here? I do not believe so. Looking at the Elliot 5-wave (0-1 leg: 0.6849-0.7033) price is currently in the 2-3 leg. In classical Elliot Wave Theory, the 2-3 leg is the biggest move, which means price would need to move greater than 200 pips without much retracement, this is unlikely.
Sell Limit very low risk right at the half level 0.7050. Sell at market with medium light risk once bearish price action is seen in lower timeframes.
I will have a 20 pip SL and a 50 pip TP
USDJPY BUY at whole level 108Price have been moving between 108 and 108.5 for some time (Quarter points) so when we hit 108 it should respect that quarter level.
SL 20 pips TP 50 pips , entry right at 108
Sooner or later it needs to pullback Confirmations:
- for about a month now we have gone on a downtrend and market needs to pull back up
- Three pins to the low
- Divergence and price above liquid 50
- price resisting well hesitation zone of the quarter and should retrase back to previous Major Whole Number
EURCAD Long Typical BTMM strategy
We can see on the charts how last week we had a bearish cycle going down to 1.49250 yet could not break that zone. After that, we made a multi session W formation and today we are coming in to create a wedge that should breakout soon enough to create a new higher high and change momentum for this trade to the upside. Stop is a bit too much in my case but I am hoping for a good long term swing to the upside so If price keeps going up I may even keep this open hopefully.
Confirmations:
- second level rise off a wedge
- price could not break hesitation zone of 1.49250 so it could not go to next quarter, therefore it must go up
- on 4h we see price pinning liquid 50 and baseline so im hoping for a rejection off that key level
- reversal should come in London Session
- price is above large quarter point of 1.50000 and should go up to next quarter point of 1.525000
