Art_of_Trading

Art_of_Trading Updated  Feb 23, 2016

On FX:EURUSD , the price formed the bearish Flag on 1H bars. The price dropped significantly on monday and it is making its little correction probably. It is hard to predict who is in control of the price, but after the flag breakout we can predict who get the full control....

Art_of_Trading Updated  Feb 21, 2016

On FX:EURUSD , the market moves sideways on 1H bars., It is getting close to structure high, which is a reversal zone 1. there is a resistance zone at 1.1146. The price respected those level many times and it is more likely that it will do again. The majority of institutional trades are placed at key levels and sell orders should be there. 2.Trendline, which act...

Art_of_Trading Feb 18, 2016

On FX:EURJPY , the price dropped on 1H bars and it is time for correction. So question is when the correction finishes and starts a new impulsive leg. Following these analyse the Red box is considered the good reversal zone. 1. There was a support at 126.65, which became a resistance after the breakout. The price respects that level. 2. Fibonnaci retracement...

Art_of_Trading Updated  Feb 16, 2016

On FX:GBPUSD , the market moves sideways on 1H bars. This makes the great opportunity for harmonic traders. The market is heading to the swing low, where the support is found at 1.4382. The price respected that level few times and it is more likely that it will do it again. The gartley pattern appears, which gives a perfect set-up to go long. T1 - 38.2 T2 -...

Art_of_Trading Feb 14, 2016

On FX:EURUSD , the market is going upward on 1H bars. It makes Higher Highs and Higher Lows, which is an indication of bullish trend. The price are close to previous Higher Low and the impulsive leg is expected. There is a support level at 1.1165. It was acted as resistance and then after broke out, became support. The price respected that level few times and it...

Art_of_Trading Updated  Feb 12, 2016

On FX:GBPUSD , the market moves sideways on 1H bars, and it gives a great opportunity for harmonic traders to make money. The price going up and getting close to swing highs. That the zone where the most of the sell orders are placed and buyers are going to lock their profits. These actions cause the price drop. Moreover, the bat pattern finishes its D leg...

Art_of_Trading Updated  Feb 11, 2016

On FX:USDJPY , the price formed triangle,I awaited for this breakout for long. The support level is at 114.323 and after the breakout it is expected that it will test back and continue dropping. Thus, it gives an opportunity to go...

Art_of_Trading Feb 10, 2016

On FX:EURUSD , the market is bullish and going upward on 1H Bars. It makes Higher High and High Lows, which is an indication of trend. This is a high probability trade, which provides an opportunity to go Long. 1. The market is trending - Follow the TREND! 2. The major key zone is 1.1230 (red box), which was support and after the breakout it became a resistance....

Art_of_Trading Feb 7, 2016

On FX:EURJPY , there is no trend on 1H bars. The structure low and support is at 130.154. It seems price reversed there and buying power is expected on Monday. Moreover, there are 2 harmonic patterns (Cypher & Gartley) which finished their X leg at support zone. Thus, this set-up is a high probability trade to go long. Stop loss should bey placed above support...

Art_of_Trading Jan 18, 2016

On FX:GBPUSD , there is a strong downtrend. The price makes Higher Low and Lower Low (See blue lines). Go 4H bars if you want to see a bigger picture. The price finished its impulsive leg and doing the correction. That is the case when the trend is our friend and we can follow it. Thus, the perfect entry should be found when the correction completes and new...

Art_of_Trading Jan 6, 2016

On FX:EURUSD , there is a key zone at 1.0807. The price had reaction on that level few times, but we have seen it was broken yesterday, Thus, it is a high probability that previous support will become resistance. The institutional trades mostly place their orders at key zones. Thus, it can be concluded that bears are ready to step in around 1.0807...

Art_of_Trading Updated  Jan 4, 2016

On FX:NZDUSD , there was a massive drop last few hours. However, sellers losing their control and last few bars show that buyers came in. Last 2 green bars indicate that bulls are there and ready for battle. However, the next structure low (Red Box), which acts as support is the main key zone. It is expected that buyers placed their orders close those levels....

Art_of_Trading Dec 24, 2015

On FX:EURUSD , it is clear that bulls are in control of the price. They pushing the price up and there is no sign of bears yet. So, when do we expect bears to step in and bulls start getting their profits? The next structure high is at 1.906, however, it is not a strong level to go short. Bears would not lose their battle so easy, as they momentum and big bars...

Art_of_Trading Updated  Dec 23, 2015

Follow the Trend, Trend is your Friend. That's the setup on FX:EURUSD 1H bars. The market makes Higher High and Higher Low. The last correction move will be finished soon and it is expected it will be retraced on red box. 1. The price is getting close to structure low, where the most of the buyers orders are placed. 2. Support level at 1.0908 (structure low) 3....

Art_of_Trading Updated  Dec 22, 2015

On FX:NZDUSD , the market has no clear direction on 1h Bars. It moves sideways. there is a resistance level at 0.6778. The price hit it few items today, but it rejected and formed shooting stars. There is 2 options. 1) price may bounce again on that level and sellers will get control and price will go down. 2) the price breaks the resistance level. If it does...

Art_of_Trading Updated  Dec 20, 2015

On FX:EURUSD , there is an opportunity for SHORT on Monday 1. The price is at resistance zone at 1.0871. Price respected this level few times and it is more likely that it will do again. 2. Trendline (Blue line, dynamic resistance) exactly hits the our reversal zone (red area) 3. Fibonnaci retracment 38% is at the same level. 4. The bars made tweezers, which is...

Art_of_Trading Updated  Dec 18, 2015

On FX:EURAUD , the price has no direction bias and it mostly moves sideways. We have no higher high and higher lows. This type of market is great for harmonic traders. There is a potential bat pattern. which gives a signal for entry and where to set stop loss and take profit. Also, it is great risk/reward ratio. The structure low is at 1.5040, which acted as...

Art_of_Trading Updated  Nov 30, 2015

On FX:USDJPY , the price is bullish last few hours. Buyers are in control of the price. Its going close to structure high at 123.239, which is a resistance level. It acted as support, but after break out it became the new resistance level. It is more likely that buyers will take their profits close to that level and sell orders will be placed there too. Both...