Hail EURO!EURCHF has broken out of cloud with Chikou span free with bullish TK Cross and Kijun is also not flat. It also aligns perfectly with zone to zone.
Zonetrading
EURUSD Setups 08/12 - 08/17 OutlookEURUSD is in a fairly obvious downtrend which is why to start off the week I am looking to see a slight movement up towards the 1.145 - 1.147 area at which point I will be identifying if a sell scenario is confirmed to go short for the week down towards 1.13.
There is a large amount of market structure at the 1.135 area so we could just see a continuation of the bearish momentum that is building and find ourselves going lower prior to any bullish scenarios setting up!
Possible macro Head and Shoulders setting up which could result in EURUSD heading down to parity (1.00) over the remainder of trumps presidential term
I am not (yet) a licensed financial adviser and this analysis does not constitute as financial advice. This is for educational purposes and you accept sole responsibility of any and all trades you take... investing with real money involves risk!
Looking for some Bullish Momentum on GBPAUDMarket Breakdown & Trade Analysis on GBPAUD
In today's trade analysis and breakdown I will be using the letters A-G to represent our multiple confirmations. With the Power of Confluence, Lets Begin.
On GBPAUD we've identified our Key Levels represented by the Daily (Red), 4HR (Orange), and 1HR (Green) Horizontal Lines. As we uncover this analysis we will be using our Levels as a reference to potentially look for Targets and Manage our Trades. Letters A & B represent the 2 highest points on our chart where we have drawn a Downward Trend line. At Point C GBPAUD broke the Trend line and finally came down to do a retest at Letter D. Considering the broken trend line and retest I will be looking for Bullish Confirmations. Next to Letter E we have a Bullish Reversal Pattern Known as an Inverted Head & Shoulders, with Letter F being our Neckline and Zone. Keep in mind in the Zone there is a 4Hr level. With the Bullish momentum kicking in and the Inverted Head and Shoulders applying, I will be using the length the Head (Dotted Line next to Letter G) of the Inverted Head and Shoulder to find Targets with our Analysis.
Since I'm Looking for the Market to break above our Zone, a Buy Stop Pending Order @1.77 works great. Since I want this Market to Push straight towards our 3 Targets which are listed below, having a minimal Risk Stoploss of 40 Pips at 1.766, falling below our zone and H4 Level should be a great protection. Below I have included details of the analysis.
GBPAUD Pending Details:
Buy Stop Pending Order Recommendation at 1.77 falling above our Zone
Stoploss Risk of 40 Pips at 1.766 falling below our Zone
Target 1- 1.776 (60 Pips)
Target 2- 1.786 (160 Pips)
Target 3- 1.791 (210 Pips)
EURJPY long with TAhello guys were looking at a long EJ trade this is active right now!!! follow the red lines for tp area. ive used fibonacci retracements and extensions on both daily and 4 hour for entries and exits. i removed them to get rid of clutter.
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EURNZD sell ideawe are looking at the EURNZD short based off it being in a resistance zone. it is also at the daily 2.00 fib extension which indicates a heavy reversal point. and the resistance zone happens to be in the 50 - 618 fib retracement area. we will continue to look for rejection but 4 hour doji is good.
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XRP/BTC Range Bound - Could We See Break Today?Looking at the daily this morning XRP has been trading in about a 10k satoshi zone, which breaks down to two key zones on a 4HR in my opinion.
In order to get a sense of which way price action is looking to trend, i'll be looking for a daily candle close above or below this zone.
On the daily, the zone I've charted (pink box) covers from about .00011600 to .00012500, which i believe once clearly broken (topside or bottom) will clearly see price action move in that direction.
I bullish XRP long terms, so i'd like to see a break and close about .00012500 and above .00013000 would be even better.
However, considering on the 4HR price action is riding the 200 EMA like a stallion, if we break and close to the downside, i would not be surprised to see price move to .00010500 to .0009500 area.
I'll be watching this closely.
4HR Chart - Pink box reflect daily range with no daily closes above or below. blue boxes represent 4HR consolidated ranges within the past 4-5 days.
4HR View
UJ Daily Tradethis trade was taken off of the daily TF. Market came back into weekly Supply and pushed back down. Created a lower high shown with the yellow eclipse. This LH pushed hard off resistance creating a bullish engulfing pattern. This is where i waited for the market to retest @ 113.077 With stops above previous high and Take profi at the next daily demand zone @ 110.482
CAD/CHF *18 NOv 2017* Short SetupCADCHF -0.75% bears has been pending for quite some time now and last week, we had a nice sell down from legendary supply zone .
However, friday's close did not break my support zone.
Perhaps CAD is stubborn because of the potential more bull in Oil 2.57% due to the dramas in Middle East?
Since xxx/CHF pairs are bearish at the moment, last week's price action and I am expecting CADCHF -0.75% to slide further.
I will be patient and shorting at the highs.
Disclaimer: This is just my personal opinions and execute your trades at your own Diligence.
Scapling OppotunityThe dollar index is forming a triangular wedge. The $EURUSD pair will move up for a while if the dollar index bounce back into the wedge from the top trendline. Watch the movement and place your buys with tight stop loss. Overall, the pair is more bearish. However, scalping is possible while the dollar index is moving within the channels of the wedge.
Gold - Which ellipse will govern the PA ???I marked two ellipses on the weekly chart: blue and red.
Ascending Blue Ellipse is working since Dec_2015 dip of 1050. Latest boundary reaction of blue ellipse was at 1205 level in July.2017.
Descending Red Ellipse is active since June.2016 high level of 1375. Last week we saw the latest boundary reaction of red ellipse at 1360 level.
Now we are in yellow price zone. Blue ellipse seems more dominant to reach 1420 level.
But if the black supporting curve lying under the yellow zone is broken, a sharp drop to 1100 might be possible, a good opportunity to sell below the support.
On weekly RSI indicator, 70 level is still open. Price will probably try to retrace and spike one time further to reach 70.
NZDUSD long setupThis pair has recently broken the declining trendline to the upside and is currently in an uptrend.
The retracement of the latest impuls has created a support zone for stop loss placement.
The buystop order has been placed @0.7267, targets @0.7325 and the stoploss beneath the support zone @0.7218.
Happy banking!
EURUSD breakout setup A break of the resistance zone would complete a buy stop opportunity.
The rising trend line has been retested multiple times and has proved to act like support.
The buystop order has been placed above the resistance zone @1.1932, targets @1.2042 and the stoploss beneath the rising trend line @1.1849.
Happy banking!
AUD/CAD POTENTIAL ABCD + RETEST INTO FRESH DEMAND ZONE -My whole reasoning behind this trade is described on the chart
-Stops below Demand zone
*DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE, THIS IS NOT A TRADING SIGNAL.
Apple ( $AAPL ) Short to the bottom of the RangeThis week on Apple, price has given a good retest of the high supply zone at $153. I would like to see Apple come all the way back down to the demand zone at $145.00. Price is in a range right now and I’m looking for price it the bottom extreme of the range. On the way down, I believe we will have some 60 minute demand zones to chew through but I don't expect them the be to hard.
