Ukforexsignals
AUD.JPY - x2 Long OpportunitiesOn the AUD.JPY 1hr chart we have 2 potential trade opportunity's at the D leg completion of bullish Bat & bullish Cypher setups.
Bullish Cypher Setup ( Blue ) - D leg completion 83.027
Target 1 - 83.528
Target 2 - 83.832
Bullish Bat Setup ( White ) - D leg completion 83.434
Target 1 - 83.776
Target 2 - 83.991
Silver OutlookJust recently i have been asked by a number of followers to distribute my analysis on Silver, so here it is.
1. Trendline breakout on the 06.02.2017 which dates back to the 02.08.2016
2. Price found resistance at historical 18.50 level forming bearish RSI divergence
3. On the 10.03.2017 price not only retested the trendline but also found support at historical 17.00 forming a doji & bullish RSI divergence
4 .After running into strong support at 17.00 price retested 18.50 on the 12.04.2017 forming a doji and high-test candle, this was in confluence with the bearish RSI divergence.
5. Finally we had a large sell off from 18.50 to 16.00 where price once again retested trendline and historical support forming a doji
I am now looking for price to retest 17.00 at which point we will have a better idea on if it intends to retest 18.50 or look for support at 16.00
PLEASE NOTE:
Silver is not in my day to day trading portfolio.
EUR.AUD - Short Opportunity @ MarketOn the EUR.AUD 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.4883 & 1.4910
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at around 1.4700
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.4802
Target 2 - 1.4751
USD.CAD - Bullish Cypher Setup - 1.3672On the USD.CAD 15min chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.3672 & 1.3646
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.3750
Stop loss would be placed below X leg structure support.
Target 1 - 1.3709
Target 2 - 1.3732
EUR.JPY - x2 Long OpportunitiesOn the EUR.JPY 1hr chart we have 2 potential trade opportunity's at the D leg completion of bullish Bat setups.
Bullish Bat Setup ( Blue ) - D leg completion 123.160
Target 1 - 123.679
Target 2 - 124.00
Bullish Bat Setup ( White ) - D leg completion 123.174
Target 1 - 123.689
Target 2 - 124.009
EUR.USD - Short Opportunity 1.0917On the EUR.USD 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.0917 & 1.0932
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.0870
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0895
Target 2 - 1.0881
EUR.GBP - Long Opportunity @ .8321On the EUR.GBP 4hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between .8321 & .8296
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at .8500
Stop loss would be placed below X leg structure support.
Target 1 - .8401
Target 2 - .8452
GBP.NZD - Short Opportunity 1.8831On the GBP.NZD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.8831 & 1.8875
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.8700
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.8771
Target 2 - 1.8733
EUR.CHF - Short Opportunity @ 1.0937On the EUR.CHF Daily chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.0937 & 1.0976
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at around 1.0650
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0817
Target 2 - 1.0743
EUR.USD - Long Opportunity At 1.0905On the EUR.USD 1hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.0905 & 1.0874
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.100
Stop loss would be placed below X leg structure support.
Target 1 - 1.0950
Target 2 - 1.0977
USD.CHF - Long Opportunity @ .9634On the USD.CHF Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between .9634 & .9547
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.0200
Stop loss would be placed below X leg structure support .
Target 1 - .9903
Target 2 - 1.007
USD.JPY - Short Opportunity @ 112.840On the USD.JPY 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 112.840 & 113.042
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 112.200
Stop loss would be placed above X leg structure resistance.
Target 1 - 112.553
Target 2 - 112.375
USD.JPY - Short Opportunity @ 113.899On the USD.JPY Daily chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 113.899 & 115.455
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 109.00
Stop loss would be placed above X leg structure resistance.
Target 1 - 111.688
Target 2 - 110.299
CAD.JPY - Short OpportunitiesOn the CAD.JPY 4hr chart we have 2 potential trade opportunity's at the D leg completion of bearish Bat setups.
Bearish Bat Setup ( Blue ) - D leg completion 83.819
Target 1 - 82.581
Target 2 - 81.823
Bearish Bat Setup ( White ) - D leg completion 83.065
Target 1 - 82.109
Target 2 - 81.526