-the bulls breaks above a mid resistance level of a rising channel, but are we looking at a real breakout or it's a fakeout, now if you compared this breakout with the previous ones you'll notice that the price retest the resistance area and bounce up, not crushed down like the others
- And as y’all probably know, one of the more conservative ways to play an...
There is bullish divergence between price and RSI giving us a warning alert that price will be ready for a reversal. 10 am EDT is typically a options reversal zone if there are options to be released. Engulfing green reversal candle signaled entry long trade. 11:30 am to 12:30 EDT is London closing reversal zone. Pin bar doji with morning star 3 bar bearish candle...
USDJPY has formed a significant bullish engulfing with a very strong Bollinger Band outbreak, at a strong support level after making what appears to be a fake break below the support level. Price gaped up strongly, then formed a significant bullish engulfing candle. I normally only trade significant engulfing candles in the direction of the current trend, however,...
USDJPY - Bearish 1W Timeframe
Week Trade #4
Sell Order placed @ 108.703
T/P @ 107.500
Total pips targeted for week = 120.3
Updates / Adjustments / Results will be reflected in comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider...
GBPJPY - SHORT - 1W Timeframe
Week Trade #1
Tentative:
SELL Entry Market Order @ 141.50
T/P @ 139.50
Total pips targeted for week = 200
Updates / Adjustments / Results will be reflected in comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade,...
EURUSD - Bullish
1W Timeframe
Week Trade #3
Tentative:
BUY Entry Market Order @ 1.1928
T/P @ 1.2038
Total pips targeted for week = 110
Ref. 1 : A clear break & hold above 1.2080 will signal that Bullish Trend can continue up to 1.2330 in longer term.
Ref. 2 : A clear break & hold below 1.1730 will signal that Bearish Trend has resumed.
R3 1.2154 R2 1.2049 ...
GBPJPY - Engulfing Bearish Reversal formed 8-3-17
Pair dropped below key level of 142.00 and 200-day moving average suggesting further downward trend probability.
Next key level target @ 139.00 (June 2017) with further decline to 138.50 followed by 137.00 level.
Decline to 133.70 possible in longer term.
R3 142.52 R2 141.81 R1 141.21
S1 139.89 S2 139.18 S3...
4H / 1W timeframe
Bearish:
Clear break and hold below 108.80 may signal further decline to 108.10 - breaking this is possible to 107.50 in longer term
Bullish:
Clear break above 109.70 may signal rise to to 110.05 / 110.35
A break and hold above 110.94 will signal Bullish trend underway
Previous session:
H = 109.60
L = 108.60
O = 109.18
C =...
4H / 1W timeframe
A possible retest of 1.2412 may be underway before reversal is seen.
A break of 1.2680 has completed with possible downward trend to 1.2525 with 1.2500 being Psychological Technical Support level.
Break below 1.2500 is possibly followed by 1.2412 with further target of 1.2310 with break of retest.
High probability that trend reversal will...
1D / 1W
Pair has been trading between key levels: 1.1724 (S) and 1.1800 (R).
Clear break above 1.1825 signals possible rise to 1.1909, followed by 1.2000 levels.
Clear break of immediate support @ 1.1660 signals possible decline to 1.1600, followed by 1.1460 in longer term.
1D to 1W timeframe, possible Bullish Flag with likely decline to 1.16807 to precede...
FX:AUDUSD
1. Price has reached strong resistance at 0.79184
2. Price has formed a shooting star at strong resistance
3. Price has failed to close above strong resistance 3 times, therefore we are able to place a tight stop-loss just above recent high with take-profit at 0.78875, yielding a high reward-risk trade (>4).
4. Failed to close above resistance with...
Hey guys,
here on EURNZD i'm ready to go short. Do you want to know why? Here's explained: first of all, i've outlined a key structure on the daily chart (yellow box), then i lowered my timeframe to 4hr chart and there i saw different clues pointing on the same reversal direction. We've a Gartley pattern completed and still valid, we've an AB=CD pattern just...
4H / 1D
AUDUSD possible Short-Term Bearish Trend.
Entry point @ 0.79620
Target #1: 0.79200
Longer term potential to: 0.7810
Entry Order placed @ 0.79620
T/P @ 0.79200
Target: 42 pips
Personal analysis only. Please use your own rules & strategies prior to entering market.
4 H
EUR/USD will need a firm break above 1.1724 to target next 1.1800 level which was accomplished today.
Breaking above immediate support of 1.1785, should further strengthen a bullish trend, also accomplished.
Firm break of 1.1800, possible confirmation to 1.2040
A firm break of 1.1820 should further strengthen this analysis.
Personal analysis only. Please...
