Euro pairs in general are currently selling off as we speak. There are some support areas that could potentially be tested n maybe broken (the green box), but as of now, I'm playing the momentum of this move with a expected target of around 134.25
Technical based play where I'm expecting Price to float around some given ranges with a bias towards the downside. After the upward trend has been broken (green trendline), Im expecting it go south from there. Expected Target 1.4725
This is in line with all my trades posted so far for today. Upward Trendline has been broken which is highlighted by yellow box and now it is breaking down south. Along with Yellen currently speaking in regards to rates, I'm anticipating a target of around 95.50 - which gives me a profit of over 80 pips
Another Technical play in conjunction of Janet Yellen currently speaking about interest rates. It was a quick move as I write this b/c of Yellen and this is another pure technical based play. Anticipating upward momentum with a target of around 2.1180
Slope Divergence Price is moving up Indicator is moving down Entry short when MACD Histogram cross below 0 line with closed Bearish Heiken Ashi Limit is before past resistance future support at 95.800 Stop will be above high when it forms
Price made lower high with two points over extended Bollinger Bands Indicator made higher high = Bearish Divergence I will enter short when MACD crosses down and a bearish HA candle closes and exit just before past support
I was in a long position on this which i was stopped out on friday. I usually ignore the friday closing hrs due to lack of volume but price seemed to fall during the last few hrs and i ended up taking a short play. This is a classic retracement play coming off a period of consolidation (which i originally thought it was going to break higher) but I reversed my...
All info on the chart, looking to long AUDNZD on the 30min chart.
Our entry has just been executed while I was on a conference call here about an hour ago. The wave series has completed and begun to push up into the profit region, it is likely that the market will continue to rally in the dead hours of the day being that the Us markets began a correction of about 35 points today. I had originally placed my entry at point 4,...
USDCHF has broken out of the descending trendline where it also re-tested last week. This is highlighted by the yellow boxes which indicates bullish momentum can be anticipated. Currently Price is about to break that dark grey box and should it break, Im looking for around a 150pip gain trade with a expected target of around .9660
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
The downtrend momentum is clearly carrying on from ysterday and all this week. After a successful trade i had on this pair which was played on the 4hr chart (attached in the linked ideas), this is simply the same continuation play and based off the same rationale. Expected Target 94.30
EUR/USD - 1hr Chart - Gartley Pattern Here on the 120m chart of EUR/USD we have another nice Gartley Pattern setup. Being on the 1hr chart we are still around 125 pips away from completion, however it is more beneficial to be 1 step ahead at all times. We must see a completion at D leg ( 1.108 ) before any long entry is triggered. - SL must go below X -...
Here we see a cypher pattern on the Usd/Cad chart, it is likely that the market will reverse from point D and rally to point A because the pattern has completed in the negative deviation of both the last 100 and 200 moves. I have placed my entry at point B to verify the reversal , I have my stop placed at Point X , because a break in structure to the down side...
VIDEO: www.youtube.com Potential Cypher Pattern on the NZD/JPY 1 hour time frame. Last trade for the day, please refer to the video above. I do release daily videos to everyone whom wants to follow along and trade together. Star Prosper Philip Stewart
It is possible, before we reach the target of bat pattern mentioned above on Daily chart, that we can see the price to go test Pivot Zone. For this to happen, the price must break the channel. Let's see how many times will need to test or if it breaks down the area, or a continuation of upward movement to Bat Pattern target Point D.
VIDEO: www.youtube.com Hello traders, have taken a shorting opportunity with the EUR/USD on the 1 hour time frame. Have released today's video, explaining other opportunities that the FED statements have given us. Star Prosper Philip Stewart