A possible Cypher Patter Setting Up in NZDUSDMight be Possible Cypher Pattern setting up @ 0.6502-0.6544 Level. A buying Opportunity.And 78.6 Strategy also comes near those levels for Rebound.
Open : 0.6544 - 0.6502
SL : 0.6351
TP : 0.7016
Structure-trade
Trend Continuation Trade - Oportunidad de venta con la tendenciaOpportunity to hop on the recent downtrend , we have a retest at previous structure resistance in confluence with a 61.8 fibonacci level, also the price has tested 4 times the minor resistance .
Oportunidad para seguir con la tendencia, testeó y respeto la estructura previa y está consolidado, tenemos también un fibonacci alineado de 61.8
Careful with the Brexit !!!
Trade The Breakout Después de haber violado un triángulo descendente, buscamos oportunidades de venta en la zona previa de resistencia, la cual coincide con un fibonacci de 38.2
After breaking out a descending triangle, we're looking to short the market at previous structure resistance, in confluence with a 38.2 fibo level
Be careful this week with the Brexit News
Cuidado esta semana con las noticias del Brerxit
EURJPY: Pullback into StructureI still think that we have room to push lower on the EURJPY so I'm eyeing up my next opportunity which may come between the 118.50's-119.50's level.
We may have a chance to get long (in advanced of that area) from a head & shoulders pattern retest on the LTF's during our Live Trading day as well.
Akil Stokes
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USDCAD possible 2618 on the Daily As we can see we have already had a 2618 trade set up occur, I missed this so will not enter until we reach the 618 retracement of teh double bottom set up
'IF' we come back up to the 618 area of the 1st setup first, then I will look for opportunites to get short
EURUSD: Two Levels on my Radar Part IVSorry for the late update I got caught up in England v. Wales, our PPT Event & then a 5 mile run. But as earlier today (after just missing a nice short opportunity grr!) one of my Live Trading Room members pointed out a potential bullish Advanced Bat Formation on the 4 Hour Chart that completed at the exact level that I'd been eyeing up all week.
This provided me an opportunity to get long at 1.1132's and once again proved how important having a community of traders to work with each day is. Many will assume that everyone in the Live Room is a novice trader, which isn't true. We do have plenty of them, but we also have some very experienced traders in the room as well which allow us all to have extra eyes on the market.
Now to pass out for a while (the legs are on FIRE!)
Akil Stokes
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EURUSD: Two Levels on my Radar Part IIIThe Euro is still one of the main pairs on my trading radar as it has been all week. Although we've yet to reach the level where I have buying interest we have been able to take a few bearish day trades in anticipation.
(If you missed my rant yesterday on the USD Bulls and the game they played during the FOMC yesterday make sure you check out yesterday's Syndicate video. Very Sneaky!)
In today's day trading session I'll be looking for yet another bearish TCT opportunity in anticipation of us reaching our lower levels of structure support as there looks to be about a 40 pip range which is more than enough for the lower time frames.
Swing trading wise, I'm still looking to buy starting at our Green box, but not aggressively so I'll have to wait for price action to dictate my decision making as I watch it test that level.
Akil Stokes
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EURAUD: Looking for a Bearish RunIf we end up getting a LLLC here on the EURAUD, my prediction for the next place that we'd see some buying pressure at is down at the 1.5050's-1.4950's level.
As a buyer, that's where I would look next if I'm interested in trying to catch a pullback. If I'm a seller, then I'm looking for a retest of previous structure & a chance to hop on the downward move in anticipation of the level mentioned above.
Akil Stokes
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BIOCON - SHORT (INTRADAY CALL ON HOURLY CHART)IT SEEMS WEAK AS EXCESS SELLING IS BEEN OBSERVED DURING THE DAY. I BELIEVE IT WILL BE A GOOD SHORT FOR TOMORROW.
RISK REWARD: 1:8
EURUSD: Two Levels on my Radar Part IIIf awake at the close of the 5am candle I would have jumped in the double bottom long. Fortunately (this time) I missed out on what looks like may be a failed test as we've broken (but not yet closed) below.
This means all eyes are on the lower level of structure mentioned in yesterday's post around the 1.1160'd-1.1140's level.
It would have been great if the 1.168 fibonacci extension & one-to-one measured move lined up with that level instead of lower. But stops need to be beyond the lower support zone regardless so it doesn't effect the trading opportunity all to much.
Certainly a pair that we'll be keeping an eye on during today's trading session.
Akil Stokes
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USDJPY double Bottom Weekly ChartStraight forward Double Bottom trade, previous area of support, we have rejected this area before
NZDUSD Weekly Double Top Straight forward Double top, possiblity of a 2618 depending on how things progress.
But last weeks candle didnt close higher than the previous high, previous area of Resistance.
EURUSD: Two Levels on my RadarI have two levels on my radar looking for long entries on the EURUSD. The first is our current level of previous structure where the RSI has already dipped into oversold territory and the second is beneath that near the 1.1150 level.
After a heavy week of training over the past 7 days, I'm excited to flip the focus back to "Trading" and hopefully I can make up for some of the big losses that the market handed me.
But as I tell the traders I work with, there's no need to force it. Good opportunities come to those who wait, and to those who follow their plans. Good luck this week traders!!!
Akil Stokes
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GBPJPY Monthly possible 2618 set up So over the last week or so I have had ideas about getting long and each time I think we have had a double bottom we break structure and push lower.
So taking a step back from teh daily and weekly and having a look at the monthly charts we do have a possible s618 set up happening, this would coinside with the further push lower and also be in or arround teh over sold level on the RSI
POTENTIAL GARTLEY PATTERN FINISHING ON EURCAD 4HA Gartley coming to a finish on EURCAD 4H. First target @ .382 retracement, Secondary @ .618. Decent R/R ratio. RSI coming into oversold favoring a LONG entry @ around 1.43201.
GOLD: Potential Retest & Extension With GOLD putting in a HHHC I would now look for a continuation to the upside. IF price is going to continue higher THEN then next stopping point I would predict is our previous level of structure looking left.
As always there are 2 ways that price can reach that level. 1) It goes straight there or 2) we see some profit taking, causing a pullback into the previous level of resistance which now act as support before extending higher.
Akil Stokes
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Potential Long trade in EURCHFI have identified a Potential trade in EURCHF
Open : 1.1060
SL : 1.1032
TP : 1.1075
EURUSD: Double Top at Previous StructureLooking at a double top at previous structure resistance here on the EURUSD to continue our TCT on this pair. We've also had the RSI go overbought on the initial test while showing divergence on the second test.
We've been watching for this level all week in the Live Room and Jason Stapleton just added it to his radar as well. So Syndicate members, make sure you tune into this morning's Warroom Meeting to see his take.
Akil Stokes
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BAT PATTERN FINISHING ON 4H GBPJPYAn odd looking Bat finishing on the 4h of GBPJPY, price action strong on the 886 level, RSI on oversold favoring a short entry. Previous Bat patterns on this pair have paid off nicely. First target @ .382 of CD leg, secondary @ .618. Stops above X which is previous structure higher high.
GBPUSD Possible Double Top on the 4hrFollowing on from my cypher idea on the 60 min chart, we have come back up into previous levels of resistance
If this candle closes in the highlighted area I feel we will see movement downwards as we are in the oversold area of the RSI
Structure Analysis for SilverSince the monthly False Break $SLV has generated between Nov 2015 and Feb 2016, $SLV has exploded higher and broke through a key structure zone (15$) and two weekly SMA lines.
17$ is another Weekly Structure Zone that now $SLV is facing with. It can create some short term pullback in Silver.. even such pullback that will drive it back towards 15$.
The final target zone for $SLV's weekly bullish move, in my opinion, is the 18-19$ weekly structure zone. If and when the price will reach there, it will allow enough time for the 200 weeks MA to reach that zone and add its weight to make it a very strong weekly Sell Zone
Based on this weekly structure analysis, if you want to trade $SLV you should either focus on the 15$ support zone for bullish trades, or wait for $SLV to reach 18.5-19$ to try and short the Sell Zone.
Obviously you can also try to sell the Weekly Structure near 17$, but if you want stronger Price Zones, $15 and 18.5$ are the levels you should pay attention to
Tomer, The MarketZone.net
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GBPUSD Cypher complete 60 min Still a valid cypher as not closed passed point X
2 targets at the 318 and 618 good RR
