Can CAC40 Breakout?The French shares have been moving higher so we believe this may be a breakout overpowering the sellers at around the 5505 area and continue to an upward trend and benefit our trade.
However it does appear that price is moving in to a triangle trend line so price may get squeezed by the pressure of the Bulls and the Bears before the CAC 40 Breakout is achieved.
Sellers
EURUSD WATCH THIS PAIR! EURUSD ANALYSIS
So on the EURUSD we have had some interesting action happening in the past couple weeks. If you look on the weekly chart of this pair you will see we made a nice head and shoulders and about 2 weeks ago the right shoulder (where it is now) had breached to the downside and broke recent significant structure on the daily timeframe. What we saw last week was some decent strength from the buyers come in and pull price back and above that structure level of 1.15500 area. I didn't like how this looked so im posting this analysis because before that had happened I was on the short side bias for this pair, and I think it could still be a possibility of happening. BUT we need to see that seller interest come back in and play a role in this downside momentum. So lets break it down.
1D Chart:
*on this timeframe you can see that price broke recent significant structure at 1.15500 level
*did price hold? not very well. Due to this fact we want to just be watching this pair on the daily timeframe at this moment.
*if you look at the daily chart you will see that ther IS descending trend line that has been holding since beginning of June
*watch this pair once it comes into that descending trend line and if we start to see some signs of buyers dying out and strong sellers coming in, we may have some probability and sentiment to support a short on this pair
*there is also significant structure at 1.17500, watch this level too in case EU tries a fakeout above the trendline
4H Chart:
*on this chart it will give us a better idea of the momentum going on on the smaller scale
*this chart still represents a good amount of data but gives us a little better look into the buyers and sellers strength
*watch this chart for buyers to die out and strong seller strength to come in
ALWAYS have a trading plan when approaching the markets. Stay disciplined to this plan and make sure to always use proper risk. Never risk more than 2% of trading capital per trade and make sure you have a back-tested systematic approach in which you apply to the markets. If you come un-prepared then the markets will own you.
Cheers! Keep your eyes out !
AUDUSD SHORT ACTIVE/POST ANALYSIS AUDUSD SHORT 8/12/18
1D Chart:
* On this daily chart AUDUSD had made a strong breach below structure that had been holding around the .73400-.73600 handle
*the momentum shown by this pair was strong by the sellers on the break below structure
4H Chart:
*On the 4H chart the pullback into structure had been weaker by the buyers than the strength of the breach done by the seller to the downside
1H Chart:
* On this time frame chart it had shown that when price had pulled into that significant structure point the seller had started to create a lower high sequence on the 1H timeframe chart; which had showed their interest in this pair.
*On the 1H there had been a strong bearish candle giving a good opportunity for a sell
* The trade was performing very well once it hit the .72400 level after over 100+ pips of downfall there had been a strong reaction by the buyers come into play. This could have been due to many factors. In my opinion was caused by USD weakness.
Keep an eye out on this pair. My trade on this is still active with my stop loss for 50% of position in profit and other 50% with stop loss at .73840. Lets keep watching to see just how strong the seller/buyers are!
Cheers!
ZCASH/DOLLAR SHORT POST ANALYSIS ZCASH/DOLLAR POST ANALYSIS
1D Chart:
*The daily timeframe chart is in a downtrend on this pair, giving us a higher probability for a short success trade
*This pair had a weak re-test into recent significant daily structure
4H Chart:
*This chart had displayed price actions weak pullback into the structure point around 153.00 price
*The 4H chart had been in a downtrend as well, allowing multiple timeframes to be on the same page (short)
1H Chart:
*On the pullback by the buyers the seller had came in very strong when price hit the 153.00 recent significant level,
this had displayed that the seller is still interested in continuing this trend
*The 1H chart had given an aggressive bearish engulfing candle giving a good entry and risk/reward ratio. This also showed us there is a good probability shorting due to the fact that the seller (big boy) is still interested.
Cheers!
EURCHF POTENTIAL SHORT EURCHF POTENTIAL SHORT
1D Chart:
*The daily chart is in a seller trend
*Price had recently broken and breached significant structure level on daily timeframe
*Price is coming to re-test the significant level
4H Chart:
*This chart is displaying more of the specifics of the pullback occuring
*Watch this chart to see seller interest/strength come back in on re-test (if it does)
*Use this to implement a good risk/reward trading ratio
Always make sure to have a trading plan and stay discipline to follow it. Never risk more than 2% of your trading capital and always make sure to implement a good risk/reward trading ratio.
Cheers!
EURUSD POTENTIAL SHORT EURUSD POTENTIAL SHORT
1D Chart:
*On the daily time frame price had broke/breached recent significant structure around the 1.15300/1.15500
*The 1D chart is in a seller trend
*Strong and healthy momentum by the sellers to the downside
4H Chart:
*4H chart is in an overall downtrend
*This chart will give us a good idea if price comes into significant structure, what the seller strength looks like
*Wait to see strong seller interest on this timeframe in the structure area, if looking to short this pair
1H Chart:
*This chart can be used, if seller shows his interest, to have precise entry based on momentum and candle.
*Use this for good risk/reward setup as well as precise entry if seller shows good strength/interest still
Always make sure to have a trading plan when approaching the markets. It is important to stay disciplined to your plan always and make sure to follow good risk management rules. Never risk more than 2% of capital and always have a good risk/reward to make it a more high probable setup.
Cheers!
AUDUSD TRADE UPDATE AUDUSD UPDATE
*AUDUSD as stated previously we are looking for a potential short for this pair setup.
*.73300-.73600 area is recent significant structure on the 1D chart
*last week this setup had been posted for a potential short and we had been waiting for the pullback
*watch how price reacts at this area of structure, we want to see a strong seller interest if we're looking to short this pair
Always make sure to have a trading plan with each approach to the market. You must stay discipline with this plan every time you are looking to take opportunity in the markets. Always implement proper risk management never risking more than 2% of your trading capital, and having a good risk/reward ratio.
Lets see how price reacts at structure! Cheers!
EURUSD SHORT POST ANALYSIS EURUSD SHORT ANALYSIS
1D Chart:
*Seller breached significant structure on the 1D Chart
*Price held under structure at this level
4H Chart:
*4H chart had weak buyer re-test into structure
*Strong reaction from seller once it re-tested structure
*seller showing strong interest in this sell
1H Chart:
*precise entry and exit
*final re-test before entering after the strong push from the 4H seller
Always make sure to have a trading plan and to stay discipline to this plan. This will help with your overall trading success. Make sure to have a good risk/reward as well as never risk more than 2% of your trading capital!
Cheers!
POST ANALYSIS EURJPY SHORTEURJPY SHORT:
1D chart:
*Sellers trend with breach of structure
*New low formed (characteristic of seller trend)
4H Chart:
*Sellers breach the low making a new low
*Re-test into recent significant structure at 129.300-129.400
*Strong V-formation on 4H chart by the seller (showing their interest)
1H chart:
*Final re-test was weaker than the 100% v-formation on 4H
*Lower Low Lower Close candle with strength
*Good risk to reward
Entry: 129.300/129.400
Take Profit: 127 handle
Risk Rule: *1/4 risk reward ratio setup
*Never risk more than 2% of trading capital per trade
Take profit was hit trade was a success.
Make sure to always do your analysis on setups and have a formulated trading plan on every single trade. Good habits lead to good trades.
RIPPLE (XRP) - Price Action AnalysisThe XRP price increases significantly (log bullish bar) yesterday. However, it stopped going up and found the resistance point at 0.670. Then, it started moving sideways and none of the participants (sellers and buyers) got control of the price. However, there is a resistance level at 0.7071, where the new selling orders are placed. However, I expect the price will not go up and after breaking the red box, the bears will start selling, not to miss an opportunity to make profits. Once, the valid breakout is confirmed with a strong bearish move, I will short this trade.
EURAUD Potential ShortsLast week was bearish and I shall wait for short signals in this time frames before shorting. Potential sells lies within 1.58 and 1.585 with stops above 1.59. Remember, the weekly chart is very bearish complete with a sell signal and a bearish divergence pattern.
Read more here: forex.today
Sellers Control LITECOINThe interesting moves on LTCUSD H1 chart. There was strong bullish move (green long bar) few hours ago, but it was rejected by bears and pushed the price down. It means, there was the shift of powers from buyers to sellers. The price is going down last few hours and it means the sellers control the price at the moment. There is a major resistance level at 192; the price respected multiple times and it is more likely it will do it again. The LTCUSD already bounced backed after touching that level. I expect the price will continue going down and maintain its bearish momentum.
iML TV TradeHouse NFP Price Projection Bullish AUDUSDAUDUSD Price Projection for Non Farm Payrolls March 9 2018
DXY Signaling Possibility of a Bearish Push later in the week and NFP would be the best way to push price towards expected bullish target level at .79200
Potential 20 pip Buy Zone at 0.766 - 0.764 with a comfortable stop loss beyond 0.762 (consider your broker spread etc)
Intraday trend of AUDUSD is currently Bearish.. but we will see how the story of this chart evolves during the week!
Key Fundamentals that I believe influence the movement of this trade idea are as follows:
EST TIMEZONE
Tuesday March 6
4:35pm AUD RBA Gov Lowe Speaks
5:30pm USD FOMC Member Brainard Speaks
7:30pm AUD GDP q/q
Wednesday March 7
8:15am USD ADP Non-Farm Employment Change
8:20am USD FOMC Member Dudley Speaks
10:30am USD Crude Oil Inventories
7:30pm AUD Trade Balance
Friday March 9 @ 8:30am
USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
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USDJPY Price Is Breaking Out The ChannelAs you can see on USD/JPY we can see the price is breaking the channel and preparing for a breakout, if that doesn't happen then we are preparing to go short from here , i wait for tommorow.(note that we are in seller's territory)
Happy and safe trading (Follow for more)
DailyFx Forecast:
USD Is neutral
JPY Is bearish
Trend Down
Volitility 26%
USDJPY Weekly Outlook | Seller Territory? |As we can see here on USD/JPY There's not really obvious trendlines so i'm playing pure price action here so the market already turn into seller's territory the price is keeping "breaching" so the next level is at yellow-ish horizontal line but that not scratch the possibility that the price can turn into buy territoty so watch out and happy trading (and one thing our price bounce off from 50% fibb retrace and probably gonna challenge 68,2% level and eventually a reversal)). i'll keep you updated if there any channel or range in play so like and follow and you won't miss a thing.
DailyFx Forecast
Trend is down
Volatility 25%
The news
USD is netral
JPY is Bearish
CERN under pressure + relative weaknessOverview
CERN continues to underperform. Overall chart is very weak, below all moving averages. And It feels like stock can accelarate to the downside when futures will find resistance. Today, it dropped down on big volume and closed right on $50 support, which acts like strong psychological level.
Trade- and Risk-management
Break below $50 will add some fule. This could be my netry short with stop above $52.17 and target at $46 - support from weekly chart.
Short on USD/JPY SELL SELL SELL !!! (Risky) Reasons for
- Clearly price is putting in lower lows and lower highs (Clear Downtrend)
- Price broke key level at 120.00 A week back so we maybe heading to next key level ?
- Price has put 3 touch on short term 4 Hour trend line
- Price put in doji the a bearish engulfing and clearly bearish candle then another bull green candle then another gearish engulfing so clear sign the sellers are in control at the moment pushing price down
- We are creating a type of right angle triangle with key structure level (Meaning a strong push of the breakout will occur)
-
Daily
- Previous daily candle was a bearish hammer
- On the daily we are clearly down trending so we are following the trend (The trend is your friend)
- We are also making lower swings
- Price is trading bellow previous key level before cleared on the daily and weekly (A sign that we are looking to go to lower level if enough momentum)
So all these confluences clearly show more potential to the downside
therefore i will be entering
My ENTRIE WAS 117.216