Please watch the video carefully to understand my Counts. There are points where certain scenarios become invalid.
Please have a look at the link below for the full analysis behind this SWING TRADE setup. INSTANT ENTRY AT AROUND: 1.10100 level STOP LOSS: 1.14200 TAKE PROFIT: 1.0600 RR: 1:1 TYPE: SHORT TRADE Shall there be any updates to the details i will notify in this tread.
The Euro/Kiwi, price action shows us that price broke out of it's ascending trend. I'd like to wait for daily closure once market opens and see where prices can potentially retrace back to using Fib. Calculating Target to Key Support Level.
Price is in the motion of forming a high probable triple top if we do see price continue bearish. This pair is definitely showing us a seller market therefore it is in our best interested to follow this trend. Calculating targets if entering this market after it breaks support, we grab our data from support to resistance and use it as our potential target which...
After price respected this very nice bullish trend line, the Pound/Canadian ended with a breakout of that trend. I'm interested in price breaking below support and possibly shorting the pull back into previous structure because if we look left of where price is at right now, we see very key levels of resistance which makes this a key swap level. Price turning from...
Looking at the monthly EUR/USD chart the confluences are more so evident. The Stochastic Oscillator showing divergence of the lows. Price currently sitting just below the 61.8% Fib retracement, You can see the ascending channel beginning to form with our 1.3900 handle target being confluent with channel resistance and the D2 Fibonacci extension -61.8%...
1. Dovish Fed comments 2. Technical Analysis breakdown - has respected 0.618 level Fib entrancement - minor trendline break - safe haven move caused my ongoing uncertainties in the global market
The AUDUSD is approaching a key level in a 14 month negative trend. With the RBA announcing their interest statement tomorrow, we are expecting a dovish stance. Entry 0.7130 SELL with stop loss above resistance of 0.7168 Take profit set at 0.7060 and then 0.7020 in extension.
With the RBNZ already killing off the NZD by being more dovish than expected in their rate announcement yesterday, the kiwi fell against the USD overnight erasing in the process nearly 2 weeks gains!. For what many thought that the triangle has already broken to the upside just by the end of last week, it now seems it was a false breakout and rather unsurprisingly...
Are we just bouncing off walls here? It seems like we might be... Other convincing ideas here () suggest this is the end of a regression at the .618 fib following the bullish run from the start of 2017. I like it either way you cut it. However we look, after quite a predictable and profitable short position before the heavy sell-offs yesterday we find the market...
usdchf is approaching resistance, we have the FOMC and GDP today for USD which should be weak to back up our technical. TP 1 - 0.99451 TP 2 - 0.99300 TP 3 - 0.99111
Positive data came out regarding AUD employment, and the expectations of a dovish Fed with talks that they plan to reduce the balance sheet could send the dollar down and the Aussie up. But later in the year AUD interest rates are expected to be cut, so until then I expect some bullish activity from the aussie.
The downtrend continues. With no end in sight both on the fundamental and technical fronts, all rallies are meant to be sold.
Here is a typical example of a range, my approach to them is that , price has a 50% chance of breaking to the upside or the downside. But if it does break , It tends to double the range before it finds support or resistance. In this case , doubling will either lead to anothe support , or another resistance zone. Lets wait and see
USD Bullish Rationale : 1. Optimism tax reform bill 2. It's been said that the market have fully priced in December interest rate hike but this "certainty" seems to ease investors in betting Dollar strength at the moment 3. Personally, I see no reason as of now to be bearish the dollar CAD Bearish Rationale : 1. I am expecting the effect of Dovish CAD...
So BOC, despite of the positive economic data past few months, remained "cautious" about them stepping off the gas even further (aka raising interest rates). It took me several seconds to speed read the statement, digest it, intepret it and make an actionable plan based on that information. At the time, I thought it was pretty dovish, not VERY dovish.. but dovish...
-We're getting to the top of long-term range -Jackson Hole conference at the end of this week will host both Yellen and Draghi -Draghi will IMO be dovish to smaller or higher extend as per his latest comments of Euro "overshooting in repricing by financial markets" -Other circumstances indicate he wont be hawkish (no QE tapering for now -Will enter the trade as...