AUDJPY Potential Short SignalAUDJPY has been in an overall bearish downtrend over the past few years... consistently making lower lows. Though price action has been choppy making violent swings, the market is holding its bearish bias quite nicely. For this reason we are only interested in taking a short position on this pair. We are viewing this slight bounce on the hourly to be a corrective pullback that will eventually continue in the direction of the overall trend. If price action can manage to break below the short term blue uptrend line with confluence from our price action predicting algorithm we may consider a short position on this pair.
Currently our price action predicting algorithm is predicting a violent swing to the downside upon a break of the trend line with a chance performance prediction rate of 74%... we would like to see a chance performance prediction rate of 85% or higher though so we will watch price action and our algorithm updates.
See the below link for an image of the most recent price forecast from our algorithm:
i.imgur.com
Short-signal
EURGBP Potential Short SignalEURGBP has been making consistent moves to the downside over the past month or so and for that reason we are only looking to play this pair to the downside. With that being said we are viewing this recent move to the upside as a corrective pull-back of the overall trend and therefore we would like to see price action stall out and then continue to the downside. We would like to see price action break below and close below this blue short term up trend to give us a signal to go short, however we will also need to see confluence from our forecasting algorithm predicting a move to the downside with a chance performance prediction rate of 85% or higher.
Currently our algorithm is predicting continued movement to the upside with a chance performance prediction rate of 90%, however this forecast will update every hour on the hour. We will continue to monitor price action and algorithm updates to see if we get the signal to go short.
See below for the current forecast from our algorithm:
i.imgur.com
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EURGBP SELL SELL SELL !!on the monthly and weakly charts we can see a good resistance area with a nice candles patterns which is make me prefer to short once we break the daily trend, but now on the hourly we see a triangle and i think it will be broken from the down side to continue with the daily trend break
short at : 0.7962
SL:0.7987
T1:0.7924
T2:0.7836
USDJPY Potential Short SignalUSDJPY has been in a pretty strong down trend since the beginning of 2016, consistently making lower lows and lower highs. Recently, we just broke out of a corrective consolidation zone marked by a grey rectangular box on the char which means that there is a lot of selling pressure pushing price action lower. A break below this current short-term uptrend may bring in a lot of downside momentum that will offer a high probable trading set. If we see a break below this up trend with confluence of a move to the downside from our price action forecasting algorithm with a chance performance prediction of 85% or higher we will initiate a sell position on this pair.
Currently our algorithm is forecasting a bit of consolidation with a chance performance prediction of 83%, however this forecast will update every hour on the hour so we will continue to monitor the updates and price action to see if we get the signal to go short. See the link below for an image of our algorithm's most recent forecast.
i.imgur.com
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EURAUD Potential Short SignalWhile EURUAD appears to be moving sideways, it has actually been extremely bearish over the past few months and this can be seen in the image below:
With that being said, we are looking to ride this downward moving momentum and take a short position on a break below and close below of the supporting trend-line marked in blue. As always, we would like to see confluence from our proprietary price action forecasting algorithm with a prediction of a move to the downside and a forecasting accuracy percentage of at least 85%. In addition, we would like to see retail sentiment move to +1.50% as we currently are sitting at 1.10%. If these three conditions come together we will see a very high probably set up to take a short position on this pair so make sure you are following to receive updates on this potential signal.
Our algorithm is currently predicting continued movement above the supporting trend-line with a forecast accuracy percentage of 76%, as seen in the image linked below, but our algorithm will update the forecast every hour on the hour and we will update you guys if we take this trade. So make sure you are following for updates!
i.imgur.com
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GBP/JPY SHORT opportunity in play.GBP/JPY is currently in a Down trend on the higher time frames.
We can see how the Bears crushed the round number of 160.000
before a retest, back down, and now price is struggling at this
area once again. My bias is Bearish and I hope we'll see some
good price action around this area to go SHORT
GBPNZD at a decision point break up or bounce backGBPNZD are trading in what i choose to see a bearish expanding channel.
And we are currently at the roof of that channel.
Piphunters are looking to short if we see intraday trendchange with the intention of turning this intraday day trade to a nice(we hope) swing trade. With a target at almost 2000 pips ( in the best of worlds :))
We are looking to short when M10 shows a reversal, Norse style (EMA12/36 crossover and a new lower high)
We are entering 3*lotsize with SL at previous support level +5-10 pips
TP1:Same size as SL
TP2:2*SL
TP3: keep as a swing.
We could add position when we see a 4H trend change (also Norse style)
That is The Hunters view of this trade.
Happy pipin'
Final move down to DZ? Before weekly correction?Major divergence going on MACD this is an indication that we have a dead trend. As I see it the DZ @0.7465 is the start of the new trend. This new trend seems to be a corrective wave on weekly chart.
Strategy on this trade:
Aggressive:
Place one BUY and on SELL order at reversal going on right now (check H1 for reversal pattern). Sell the long position at new reversal(~0.7693) Keep the short position run until target @ 0.7450
Moderate:
Go short after reversal @ ~0.7693 set target for 0.7450
ModerateLow:
Go short after reversal @ ~0.7693. sell 2/3 of postion on 0.7650, set target for 0.7450 for remaining 1/3.