Simple
Short audusdbroke through the support. entered on the pullback to test for a a new res. In line with fib 61
AUD/NZD simple longOn the daily timeframe we see an uptrend with a nearest potential resistance level drawn above. Therefore, as the market retraces and touches daily trend line, I place a buy order with an anticipation to go higher. Stops are placed below the previous lowest low.
USD/JPY price is ranging after hitting the daily resistance trendline and breaking downwards o/s the ascending channel. I am expecting further drops once price breaks out of the short term wedge.
AUDUSD short positionAussie moves in trend a lot of the time. It moves between solid support & resistance levels. The price currently as of 22/09/17 is half way between a support and resistance zone. It has hit resistance and now on its way down to support. 1:2 risk reward. Heavy USD news on Tuesday and Wednesday could affect the pair.
$MBT above 200MA and 75 day highstrong move above 200MA and 75 day high
focusing on simplicity EOD price and price action
looking for a buy position on USDCADPrice stopped on support area after forming a clear bearish h&s pattern .
Well that is a great situation to look this pattern fail.
If this pattern will fail then we just got us a nice buying opportunity with low risk and high reward.
So, the plan is to buy this pair in a smaller time frame with another failing pattern...
Best of luck :-)
Ride the GBP Britain has been doing terrible since it's issued article 50 of the Lisbon Treaty for it to leave the European Union, from there the country has been unstable economically, but the banks were preserved with this information and that caused the GBP to recover for a bit, on Thursday we've had fundamentals released by the bank of England which confirmed Britain has lost investments and not only that, but people are very wary of investing in the UK.
Since investments and interests rates are the backbones of the Forex market, and news being negative and a heavy drop on the GBP we can determine from this that the GBP is looking to drop back to the Brexit levels, but as we know the market always trends in swings forming those LL's and LH's in a downtrend, the market has formed the first leg of LL, next up it's forming that LH at the 50% Fibbo retracement as we can determine from previous price levels on GBP/USD.
MONTHLY TARGET FOR GOLD Not much confirmation on this one but we may see a heavy downside movement to 1122 area.
Candles are ranging at the moment so hoping to see a break downwards slowly descending to the target.
Still high possibility of breaking to the upside towards my stop since i may be to early on my entry, but i am confident it will become a bearish game.
EURUSD BIG SHORTFollowing my previous post, EURUSD using the news as momentum, chose to break through the daily trendline, hold and then continue on with it's bearish movement.
As I suggested in my previous post if this was to happen we could look for the EURUSD to continue short all the to the weekly trend support line.
Currently the pair is pulling back in preparation for its upcoming short impulse.
TARGETS SET AT 1.5000
A break of the current pullback should leave options for a second entry or a first if you havent already got a position.
USDJPY shortsupport on 114.350 formed double top, divergence spotted on stoc (9,3,3), signal shape candle is forming, once the candlestick closed and confirmed as a signal candle, target short to fibo 50% and 38.2% current price is at 113.933
SL- 114.500
TP1- 111.367
TP2- 110.662
STEEM/BITCOIN PREDICTION, SIMPLICITY IS REWARDINGi can dream what is going to happen because i sleep with the charts, i think my analysis is going to be perfect, no doubts, steem will hit around 1800 mark my words, maybe 1200 while it is on its way to 1800.
idk why, i just analyze on my own way, i dont seek for reasons, the paterns repeat themself, like day an night.
EUR/USD, Continuation?Chart speaks for itself. It need to get back above ~1.1160 and above the trendline to confirm. Just an idea, not an advice!
CADJPY 1M OutlookKeep Your charts clean and simple, breakout of descending trendline, price came back to retest and formed an indecision candle at 32% retracement
I think LTC wants to go upHere's my reasoning: People who own LTC want it to be worth more money. And people who buy LTC also want it to be worth more money.
Target 1 Bat Pattern WinnerHey all,
Heres a Bat pattern that I forgot to publish but was a trade taken. It's a small Bearish bat pattern on USDJPY. We managed to roll over very pain free to target 1 however then moved back up to break even stopping us out.
For those who don't know, I like to trade 2 positions per trade with 2 targets. Once target 1 is hit, I then move the stop loss on target 2 to break even so it becomes a risk free trade. Still bagged us a nice +47 pips.
Fibsii
AUDUSD Potential CypherHey all,
Here is a potential short Cypher pattern forming on AUDUSD 4H. It still has quite a while to go however we are now on the final C-D leg and looking to break above the B leg structure point.
If we do get a pattern completion, we will be looking for the usual 38.2 and 61.8 fibonacci targets. The risk reward on this pattern gives us approx a 1:1 to target 1 and 1:4 to target 2 so it's pretty good!
Will be watching this pattern moving into next week,
Fibsii
Harmonic setup on EU dailyWe can see that price is currently in an uptrend, heading to 1.0980: a key level, 0.618 of the latest weekly swing down, and completion point for an AB=CD pattern. Looking for a daily candle signal at this zone to enter any shorts, riding the wave up until then.
Flag Pattern on AUDNZDHi guys,
here on AUDNZD we have no structure looking left on the higher timeframe. In cases like this i start looking for simple pattern formations, like flags, triangles and wedges in the trend direction.
On the chart above you have what could be considered a flag pattern that's been broken to the upside. Price is now retracing back and giving us a better risk to reward ratio.
Stops below the previous lows, target1 at the retest of the highs, target2 to be determined (could go very far).
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
