Long Term Downtrend BreakoutA breakout followed by pullback. Add to that, a symmetrical triangle breakout.
Weeklyanalysis
WEEKLY ANALYSIS (2nd Nov 2015) - UsdChfHonestly, this setup can or cannot happen this week. But none-the-less its very good setup to keep an eye on this. There are three harmonic patterns namely Bearish Bat & Bearish Butterfly & AB=CD is in making. And just above the termination of this patterns, we can find supply zone. With my beliefs from what I see in USD index, I m speculating idea that USD will get weaker soon or later. Keeping all this in mind, my speculative position is UsdChf short in coming days.
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WEEKLY ANALYSIS (26-30 / OCT 2015) - EurGbpPerfect harmonic AB=CD completion @ 0.7150 handle which also coincides with bearish harmonic Shark pattern completion. All pattern completion is supported by structure.
WEEKLY ANALYSIS (26-30 / OCT 2015) - S&P 500In my opinion bears are trapped in momentum breakout. But the big boys are looking to take it higher. This bear trap is valid till the low @ 1833 is taken out completely. Expected price movements are blue (80% probable) & red (60% probable).
WEEKLY ANALYSIS (26-30 / OCT 2015) - EurNzdAs per Supply & Demand analysis, this pair is yet some way to go to south. The bias on this pair remains bearish & keeping that in mind I will search for short entries only (in long time frames). Any pull back towards the current supply zone should be shorted. The price I have selected in supply zone for shorting is 1.70000 since its a BRN.
WEEKLY ANALYSIS (26-30 / OCT 2015) - EurAudPrice has broken the rising trend line & structural support @ 1.55XX level. The pair looks super bearish , any pull back towards the @ 1.55XX handle need to be sold off. The plan for entry is retest of level # 1.5500 (ROUND NO.) with stops 50 pips above it. It should be sufficient if the price need to be resisted at this level. If price breaks above it, its safe to get out with -50 pips & look for new short entries at around the retest of trend line. This snap back trades are good low DD trades, hence again 50 pips above the trend line is enough to test whether the trade is at right direction or not.
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Update status
WEEKLY ANALYSIS (26-30 / OCT 2015) - UsdJpyAnother Gartley in formation, this time the bearish one. The termination of this pattern also takes place at structural resistance @ 123.XX.
WEEKLY ANALYSIS (26-30 / OCT 2015) - NzdUsd Bullish Gartley complete at around structural support @ 0.66XX level. Keep in mind that if you are looking to trade the currency on relative strength, then AUD is going to be stronger than NZD IMO. I m trading Nzd instead of Aud simply because I have reason to get involved in market & termination of the same reason I can get out.
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Weekly Analysis (26-30 / OCT 2015) - AudNzdPrice is inside bearish channel & break above this channel will provide upside attack of structures @ 1.08XX & 1.12XX. Also alternate scenario is price breaking down again to re-test lower TL of channel. To know why I m looking for bullish move, click link with title AudNzd - Long term trade . Chart is self explanatory, ask more if you need help to understand the same.
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