KeTrader

KeTrader

If the pattern holds true a rapid strong long trend would ensue.

KeTrader

Confluence of support level, fib level, arc and the general trend of GBP. Strong long trend in the coming weeks.

KeTrader Updated 

Broken and resting the 23.6% fib level heading down to 38.2. If that materializes a further drop down to 61.8% level which coincides with the upward trend line at 75.00 and even lower is possible.

KeTrader

The NZD pairs have been a bit difficult to pin down, so I drew a simple fib retracement on the Monthly chart and a trend line for the entire up trend from JAN 2009 to NOV 2016. What becomes apparent is that the trend line has just been broken on the 23.6% level... the price is retesting that before heading down to the 38.2% level at 0.848

KeTrader

The basic idea is that USDZAR will enter a bull trend in an exponential curve, to 100% retracement and beyond in the long term (sorry ZAR, for the rather gloomy picture)... am just proposing potential entry and exit points along the way. As for immediate entry point I would wait for at least two bull Heiken Ashi bars on the 4 HR chart or one bull candle stick on...

KeTrader

I had given a vague head and shoulders pattern that suggested a long that was visible on the daily chart. The stochastic indicator which usually affirms the directional bias in some cases for me was not in agreement. So I had to dig deeper rather than just relying on the said vague head and shoulder and am convinced EURSEK will go down to 9.33 BEFORE trending...

KeTrader Updated 

Head and Shoulder pattern and retracement from a resistance level

KeTrader

An enticing short position developing on EURCHF

KeTrader

An enticing short position is developing on EURCHF

KeTrader

Possible parabolic curve... 3rd base formed expecting double of arc price... from the base of the arc.

KeTrader

Monthly EURZAR parabolic curve... the last phase of the rise

KeTrader

Apart from the fact the time frame is too short, what I was looking for was the appropriate entry point. From the larger time frames I had already "deduced" the start of a long trend that at the moment seem like short opportunities on the 4 HR and the Daily.

KeTrader

The consensus is GBP pairs are on a long trend. I just think I saw something akin to a rising wedge on the hourly chart.

KeTrader

I see a a bullish pennant and with other affirming patterns (inverted head and shoulders pattern on the weekly chart).

KeTrader

The red trend line is the trend line from the daily chart, it has been broken and USDJPY is retesting. If it fails to hold as resistance then the long expected short will materialize. Otherwise it is a long (factoring in the current trajectory of the USD dollar Index).

KeTrader

The Dollar Index is the second phase of an Elliot Wave on the Daily, the 4 HR chart shows the projected uptrend and point of reversal

KeTrader

My rationale is simple, there are multiple factors of convergence at the current price that provide solid technical resistance to GBPUSD. The Fibo level from Daily Chart, two very longterm moving averages. That is it. My prediction is it should rally to 1.3600

KeTrader

From the chart it would seem there is a distinct descending triangle for EURCAD (with an eventual breakout to the downside which will complete the left side of a head-shoulder pattern on the MONTHLY chart. All this is long term and am simply offering a possible concise perspective for day to day trading with the larger pattern in mind. From the chart the...