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Week9

USD/JPY: Week9 UpdateHi Guys, the scenario has not change much since my last post.(see USD/JPY: Week9 Kick Off in the related links below). The pair is ranging between 112.000 and 111.640. Momentum seems fading more and more and if price falls below current support @4, price could retrace 50% of the move 0 to 3 in accordance with the rule of wave alternation (if wave 2 is shallow, then wave 4 will be a deep correction). At the time of writing price is attacking 111.640. Strategy: Wait & See Keep an eye on EUR/USD and DXY Also watch out if it resume the move up towads 112. Thank you for your support and for sharing your ideas. Don't forget to like if you like the post and to follow if you want to receive notifications on new or updated ideas. Respect, Be Carefull and Enjoy:) Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by cozzamara
EUR/USD: week9 overviewHi Guys, this pair started week9 going down. Same as Gold and contrary to DXY. RSI very close to be oversold. If momentum builds up and price crosses 1.12832 there may be potential to get to 1.12526. However be carefull that price could also bounce from here and look for the SMAs to cut short-entries aiming at short-term profits like me. USD/JPY stopped at 112. DXY stopped at 97. EUR/USD may be stopping at 1.13. A move in one of these three market may anticipate a move in the others. Strategy: Wait & see Thank you for your support and for sharing your ideas. Enjoy:) Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by cozzamara
GOLD: week 9 kick offHi Guys, following last Friday's big move, let's see how week 9 commence before adventuring into the jungle of intraday/intraweek noise. Last week price closed below 1300 and momentum may drive price lower than 1290 early on Monday. In this case support at 1276. However price could also travel inside the black box at least until mid-week before deciding which way to go. As I said in my previous post I am not trading the bounce, nor the continuation of the fall. The move to trade on Gold was last Friday and now it's just time to wait and see before thinking about the next trade. Thank you for your support and for sharing your ideas. Enjoy:) Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GBPUSD, week 9 sharp rise, what to expect for week 10?GBPUSD made a sharp rise in week 9, and it was the opposite of what the analysis showed in week 8. In week 8, it was expected that the pair would move downwards, rather than a rise because of the reversal pattern spotted. A red flag would have been spotted given that a long consolidation occurred and the price did not shift down as expected. For week 10, I would expect some consolidation and I would not trade it until a clear candlestick combination show itself. However, I would still be looking for a short entry rather than a long entry. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Short
by xunnobi
USDJPY, week 9 move gives week 10 a clear directionUSDJPY has continued its upward move in week 9 and it showed no mercy in its move. USDJPY made fast price movement and reversing back upwards after a seemingly bearish reversal move. I continue to avoid trading USDJPY for week 9 for a simple reason. I was unclear of the direction. However, the move in week 9 seems to have pointed out that the pair would continue its bullish move in week 10. A reversal pattern was spotted, albeit in the absence of a three-level downtrend move. The reversal move can be seen as an H&S or double bottom, just like USDCHF. The bull power seems to be strong in the pair as the price moved up with no reservation and no signal of any retracement. Most retail traders would expect a pullback, but I doubt that would happen. So for week 10, I would be looking to enter long, probably in Tuesday or end Monday. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Long
by xunnobi
USDCHF, Level 4 drop for week 9, can it rise for week 10?USDCHF continued to consolidate for Monday in week 9 and in the end, broke the low of the whole consolidation zone. It reached a new low and formed a level 4 bear trend in the chart. I was long for this pair, so I am trapped in week 9. Getting trapped in the wrong analysis is no joke. It took a good 15% off my overall equity, combined with all the losses of other pairs. Fortunately, the profits from past weeks trading acted as a cushion against the bad trade management of mine. From the analysis, we can see that it formed a classic formation of H&S or some may call it a V reversal. So with that, I am expecting an upward reversal in week 10. I cannot say how long, or how high it will go, but I will be going in long for this pair as well. Since the pair ended the week in a reversal zone, when the market reopens, we can enter the market prudently. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Long
by xunnobi
EURUSD, Week 9 is a reset, Week 10 to drop.EURUSD moved the opposite direction of what was expected in our week 8 analysis. I did not expect it and I was trapped badly. However, in week 9, it seems to have completed a three-level bullish trend and completed the week with a double top on the H1 chart. Getting trapped in the wrong analysis is no joke. It took a good 15% off my overall equity, combined with all the losses of other pairs. Fortunately, the profits from past weeks trading acted as a cushion against the bad trade management of mine. This week's analysis seems to point towards a drop for next week because of the full three-level bullish move made in week 9. It ended the week with a double top, and looking at the day chart, it seems to point towards a drop in week 9 as well. I will be monitoring on Monday to decide what would be the direction, but currently, it is short for me. I am expecting a drop of a minimum of 2 levels for week 10 and hopefully, it reaches that level that I am looking for. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY and USDCHF!
Short
by xunnobi
EURUSD, uni direction in week 8, can it reversal in Week 9?EURUSD, together with GBPUSD and USDCHF moved accordingly to our analysis in week 8 and ending Week 8 strong. I hope this helps all you traders out there to make some profit, and I hope it give you guys a good week as written on my week 8 title. =) I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. The analysis of EURUSD week 9's movement did showed that the bull seems to be weakening and I have also identified a level 3 bullish zone which signaled that the EURUSD could be coming in with a bearish move instead in week 9. The area to the right of the M that was not boxed, has also presented a M shape. So you can also look at the analysis this way, the box area with a M on top can show a high/low reset, meaning a trend reset, followed by a M, which is the reversal pattern coinciding with level 3 bullish zone. So both analysis pointed me towards shorting the pair, and I am following suit for week 9. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Short
by xunnobi
GBPUSD, Week 8 as expected, Week 9 can be differentGBPUSD moved as how we expected in Week 8, finishing a 3 levels of bullish move. It was not bad, just that instead of long, I shorted it due to the opening gap on Monday. I hope not many does the same as me. I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. Looking at the analysis, I do expect the GBPUSD to finish off lower in Week 9 as compared to week 8, perhaps reaching a level 2 bearish zone. The break away from the level 3 reversal zone is a fast one on Friday and ending Week 8 in the zone of level 1 bullish zone. I am holding on to 3 positions of the short and will continue to hold on to it till the level 2 bearish zone before I decide to exit of continue holding. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Short
by xunnobi
USDJPY, trapped in Week 8, Week 9 blurredUSDJPY did not make any major movement in Week 8, contrary to our analysis made in Week 7. While it did not make big upwards move, it seems to have tried making failed downward price pattern. I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. The failed attempt is most visible on Friday, when a double bottom was spotted, and it only make about 30 pips down, and it came back up again and close the week and Friday higher. It is suggesting a strong bullish power still maintaining in the trend and with no big movement, we can expect Week 9 to have some explosive move through the week. I am in the view that USDJPY will continue its bullish move with one or two explosive upward movement of 50 to 100 pips next week. I am comfortable to trade USDJPY next week, so prolly I will be entering smaller long position in Week 9 when the market opens. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Long
by xunnobi
USDCHF, Week 8 as expected, Week 9 reversal?USDCHF move exactly as expected from our analysis on week 7. Finishing the week with a volatile Friday. However, I changed something to the week 7 analysis to reflect a more accurate trend movement. In our Week 7 analysis, I actually used a H&S to reflect the level 3 reversal zone. But after considering the move this week, I decided to change to better reflect the 3 bearish trend movement as I analyzed the Week 8 to end with a reversal zone, which coincided with a level 3 bearish zone. I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. Currently USDCHF seems to finish the full double bottom reversal shape, and I am waiting for it to break the high of the level 3 reversal zone. I am hopeful that the price will resume a bullish movement in Week 9. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Long
by xunnobi