Please criticize and provide some insight on what I've gone good/bad or if I've completely messed up.
EURGPB is in a long term uptrend since ~2015, I'd like to believe the current state from OCT 2016 till now is in a bull flag.
I'm seeing a 61.8% retracement as seen on the chart, we could see a breakout-continuation of the uptrend providing we break 0.93210...
Highly respected resistance level has been obey this position is now live i have sold now and i have a buy limit order which is via the graph
Entry - as soon as possible
SL - 1556.51
TP - 1522.75
(slightly early exit to avoid major support level)
Buy limit (for later)
Entry - 1521.80
SL - 1515.5
TP - 1538.2
We previously sold this pair at 50SMA if you look through the analysis available on our profile; it looks like the downside is due to continue after ending last week with a hammer at the Fibonacci levels highlighted. April 2018 low is the overall target.
We may have a short consolidation period whilst we wait for the SMA's to complete their moves, however downside seems to be present for this pair on a mid to long term basis based off of the death cross beginning to form on the daily time frame between the 50 and 100 SMA's.
Further we have a clear rejection on the fibonacci retracement scale, acting as...
eurnzd was in this consolidation period for a while now but there was some big moves on 4hr chart that I took notice of. Price rejected daily trendline and made a bear flag which worked and than price made another correctional move followed by a rising wedge which gives me 2 confirmations that markets are going go...
Daily chat is showing descending channel being made. Going on a lower timeframe, price respected resistance zone 3 times which is a triple top at best. Going on the 15min for entry, I see price also made a rising wedge + 3 minor triple tops as well so this has me believing that price will go...
EurAud has put in a new low again on the 60 with a Head and Shoulders pattern on daily adding confluence to the setup. I think we can get a retest of the lows at least and wouldn't look further due to the divergence on the RSI swings but a decent opportunity nevertheless.
Mr Trump has strongly disapproved of Bitcoin. The markets couldn't care less. People are holding on to their Bitcoin in a zone of consolidation on the daily time frame.
The consolidation pattern is safe down to around 9500. Bitcoin reached 10 times the recent high price of gold at one stage.
I look at possibilities positive and negative for the future.
Grabbing my attention on EURUSD currently is this resistance zone from previous daily pushes, recently we broke through yet we are now seeing a potential retest. You may of also clocked the retest of the trendline. Awaiting the closure of todays daily candle before looking to take any substantial moves. To confirm any trades on this pair I'll be looking for any of...
In this chart we can see the dollar index finding support at the same area as two previous lows. You may also notice Monday closure perfectly landing on our -0.27 Fibonacci extension, furthering on we spot a daily bullish spinning top Tuesday rejecting the low zone previously mentioned and closing above the fib level! Running from the end of September 2018 we have...
on the 60 we have a small consolidation which we have a break to the upside and potential to go a bit higher. On the Daily we bounced off support and can predict the relief even higher to inside structure based off the daily.
Here we can see heavy resistance around the 110.400 region. I personally entered short positions on this after seeing the exhaustion presented to us on the H1 time frame around 7pm - 1am here in London. A much safer entrance would have been at the closure of 2am H4 candle as you may notice the shooting star formation emerging. With my riskier entry I did however...
A weak daily chart showing the bears have an upper hand until a whale or bot pumps against all ordinary expectations.
Will keep an eye on $9500 BTC resistance break otherwise if the MACD daily crosses the bulls are toast yet again.
AUDUSD buy set up -
Market currently on a down trend on a Daily and 4hr time frame. However on 4hr market shape has indicated a falling wedge.
Which is a sign of a potential reversal coming up. Looking at the market to break out from 4hr resistance trend line and to go up to Dialy resistance.
However if that fails the next reversal will be at daily support of...
EURJPY buy set up - Daily chart
Daily chart, buy from support zone which sits around 122.530 and 122.570. Target for this trade is up to resistance trend line. Market currently on a downtrend for a bounce of Support that has numerous touches making it very strong reversal point for the market. This trade will last minimum half a month and can go on for a few...
NZDCHF buy set up -
Buy from daily zone (blue) up to resistance trend line. Support trend line is currently favouring Daily zone in terms of entry. Going back in histroy Daily zone holds quite well with numerous touches making it a very good support area.
Following the short on GBP/JPY which bagged over 200 pips there looks to be indication of a similar move on GBP/AUD possibly returning over double.
This pair has been stuck between the 1.87 and 1.73 area for over a year and a half now last month the resistance was retested however failed to break through resulted in price being stuck in a downwards channel....