EUR/USD short medium swingWatching the euro for a short position based on mostly technical's, and the general fundamentals of the dollar right now. Looking for a reversal at the 61.8 level i have marked in conjunction with a reactive trend line. If price reacts properly i'm looking for price to move down to the monthly support of 1.22000 for about 90 pips. Time will tell and patients will pay:)
I'm going to be posting everyone of my trade ideas on here so be sure to follow my page! thank you.
Quarterstheory
USD/JPY short long term swingI'm going to be watching usd/jpy like a hawk for the next few weeks. Many fundamentals are going to need to be considered at this time along with our technical analysis. There is a potential to see a strong yen leading into possible regulations on artificial weakening of Asian currencies. This plays in with the key levels we have been watching. We saw a push to 107.500 key level on NFP day leading to a nice rejection. Long term we are looking to see price break 105.500 key monthly support, this would most likely lead to a drop to around the 101.100 area for about 400 pips. But time will tell and patients will pay:)
GBPJPY medium swing short idea Price is currently sitting near monthly round number level. I'm expecting push up to the 50% retracement area along with triple top formation for extra confirmation for short entry then continuation to next 250 pip quarter level. This is in conjunction with my prediction that japan might receive tariff exemptions from the U.S. thus strengthening the Yen.
I Spy with My Eyes... Bearish S&PTraders!
This is my first Public SPY Update and we are going to be discussing some of the fundamentals and technicals influencing the market at this time.
For those of you who do not know... this is an ETF that tracks the S&P 500 and I am bearish on this market at this point
Lower Structure Zone at 225 (ceiling) / 210 (floor)
Key Bull Level = 270
Key Bear Level = 245
Important Dates to Consider
November 8 2016 = US Presidental Election Day with Price Gapping Up to lead the Bullish Run
January 20 2017 Trump Inaugurated while price was sitting at the 225 Quarter Level
January 20 2018 One year Aniversary Structure + "Last Leg Up" & Divergence coming into alignment
*** February 1 to 9 Candlestick Formations ***
Jerome Powell new US Federal Reserve Chair Feb 2018
March 17 2018 New Moon
April 15 2018 ** New Moon (270)
Timeframe Scanning Significance Indications
Weekly 200 EMA is at 221 and there is high volatility and bearish momentum (strength) within the candlesticks
Daily 200 EMA is at 259 and the candlestick formation when Jerome Powell was brought into office looks (almost) identical to the weekly "last leg" candle
H4 200 EMA (lagging indicator) at the time of this publication nearly coincides with yellow eclipse
H1 Clear Divergence in the 200 EMA and candle formations with several instances of price gapping down followed by a LOT of bearish momentum (strong, full candlesticks)
Trading can contain substantial risk and is not suited for every investor. An investor could potentially lose all or more than their initial investment. "Risk capital" - is money that can be lost without jeopardizing ones financial security or life style. Only "risk capital" should be used for trading and only those with sufficient risk capital should consider trading. I am not a licensed financial advisor nor does I give out financial advice. You assume full risk and responsibility for your trading activity. Past performance is not indicative of future results. Individual results will vary due to a variety of market and timing conditions.
EUMarket closed at a multi-year high last week as the bullish sentiment in the euro continues and dollar weakness persists. Price completed a bearish butterfly harmonic at the 1.2250 quarter point and I expect a slight retracement to the broken resistance to establish newfound support for another bullish impulse to the 1.25 quarter point.
EURUSDTHE STRUCTURE IS STILL TECHNICALLY BULLISH BUT THE PREVIOUS IMPULSE UP WASN'T VERY STRONG. BUILDING PERMITS TMRW AND THE FOMC STATEMENT ON WEDNESDAY SHOULD DECIDE IF EUR TAKES ANOTHER BULLISH IMPULSE OR IF USD IS READY FOR A REVERSAL. FOR NOW PRICE IS CONSOLIDATING, FINDING STRONG RESISTANCE @ THE 1.20 QUARTER POINT.
Bullish GartleyBullish Gartley on the Daily TF
Bullish Engulfing Reversal Pattern
Moving averages crossed on Daily TF
As long as we get a break above close above candle of the 1.65 level
we should see a shift in momentum for the next coming days
Target @ 1.675 Level
Lower TF confluence:
Looking for a retest of the neckline for the IHS for more entries
GBPUSD To PLUMMET Potential 1000 Pips Hello Traders, I would like to bring to your attention a very important trade. I have noticed that GBPUSD has failed the 1.3000 level twice, never passing the whole number (Major Quarter Point). This is a classic Quarters Theory trade, which states price will make two attempts to pass a whole number, before reversing to AT LEAST the previous Large Quarter Point which can be found at 1.27500, which would be +250 pips. When price cannot surpass a 1000 pip range (1.2000-1.3000) it will remain within it's current range, with a high probability of it falling within previous Large Quarters.
I have suspicions that we will see a push to 1.29750 soon, which is where I will be adding the bulk of my trades onto. Remember, as long as it does not break the hesitation zone of 1.30750 the trade will still be valid. Should it push 125 pips above 1.3000 it will be considered a completed quarter, and we would then see prices rise from there.
We will monitor price action to see if it further decreases below Take Profit 1 and heads towards our other take profit levels. If it does, then I encourage you to pyramid this trade, adding on additional trades as you begin to monitor it by the week. The payoff will be great, and you will be less attached to watching charts.
As always, limit your risk - this trade offers a potential 5:1 reward.
Best,
ForexNick
Potential Bullish PushBullish Cypher on the 4H TF
Addition confluence w/ trendline
Bullish Engulfing on the Daily TF
Anticipating a break of Major Half-point to test Quarter point
Potential Bearish Butterfly pattern set up for the retrace
Anticipating another push up for a HH after completing Butterfly Pattern from 61.8 - 88.6 Fib level
EURUSD : LONG : MONTHLY $UPPORT #LETSEAT #STEADYPIPPIN $$$Aroight mate! I know I barely post, but just know that when I do post it's a pretty damn good opportunity. Just by looking at our weekly time-frame we can see a triple bottom in effect on our EU pair. Since we're currently testing a key monthly support level, I am expecting bullish movement all the way to the 12000-13000 area. To further confirm this, Donald Trump is our president. That in itself should be enough confluence to buy the Euro over USD. I've been saying the USD will tank for a while now actually.. not only because of our orange president, but other reasons too. Just look at my last two posts on my profile if you want additional analysis. As always, tell your banker direct deposit. Make sure you tag me when you hit profit ;* <3 I'm literally handing you guys free bandz like.. You're welcome. Oh and don't forget to do the shmoney dance when the teller is counting your withdrawals. S/o to AstroFX and LionShareFX for the wonderful knowledge.
TRYRUB @ -17.30% one of (1482) best performer (4th Quarter) !Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
1482 Cross-Rates (4th Quarter Statistics) @ drive.google.com
Best regards
Aaron