nice short opportunity at market with bearish market candle forming , bearish divergence over multi market make this short even more juicier :) ! I talking the nasdaq and the sp500 ! as always don't hesitate to come by our group we would love to alk to all of you : www.facebook.com
EURCAD has been in a steady uptrend since the end of April, there was recently a false breakout of the 0.382 Fib extension and has since crossed back over and closed above it for the past 4 sessions including a pin bar rejection on the most recent session. Most importantly, the 50MA has crossed sharply above the 200MA for the first time since November 2012....
There are several interpretation on longer term prospect for AUDUSD as some analyst of major banks ( technical-analysis.forexlive.com ), attempt to label the chart and I assume they know what they are talking about. However, I am not sure about the move from 2008 low to 2001 high labelled as 5 wave impulse and likewise suggesting that we are now in 5 wave decline...
Details on chart. 15m TF analysis:
A DAILY CLOSE ABOVE RANGE RESISTANCE INDICATES POTENTIAL FURTHER UPSIDE, A CLEAR BREAKOUT OF LONG TERM RANGE EXPOSES 1.2520's THE 150 DAY MA THAT WAS PREVIOUS RESISTANCE ON 4H CHART HAS BEEN BROKEN, A POTENTIAL MA CROSSOVER TO THE UPSIDE CANNOT BE RULED OUT EITHER - ADDING TO FURTHER CONFIRMATION OF UPSIDE POTENTIAL A RETEST OF PREVIOUS RESISTANCE TURNED SUPPORT...
Potential bat pattern completion at the 1.618 level as well as previous resistance. We are also in a descending channel and approaching resistance. When price reaches the 1.49000 area, hopefully we see some confirmation; maybe a doji followed by a lower close, or and bearish engulfing candle. I've gained some confluence by using the Fibonacci retracement tool,...
UPDATE FROM YESTERDAYS TRADE: After the sell off this morning EUR/JPY is re testing its 4h trend line which came into play yesterday, fresh lows of 133.90 but failure to close at these levels show potential further downside to my target of 133.50. RSI is still holding its downwards trend, plus Ichimoku shows that we've had a cloud crossover as well as a TK...
Most of the other YEN pairs have recently declined strongly from earlier in the year which in varying degree are being retraced with some possibly still in progress and others might have just completed. CADJPY - appears to be such pair that might have completed the retracement and could be in very early stage of resumption of the down trend and potentially offer...
This chart uses the Golden Ratio (1.618 Fibonacci retracement) from the high of the Dot Com bubble to the high of the Real Estate Bubble. The other indicator that is used on this chart is the Fib Time zone, we are entering the same duration made from the 2000 top to the 2007 top in this bull market.
yellow area shows possible area of reversal, indicating short opportunity. indicators: bat completion at 1,618 fib confluence ( extensions and inversions) structure (resistance levels), the 2 highest levels are waiting for their 3th hit ABCD completion SL should be placed above structure level, preferable arround 1.150 even, green area shows maximum...
VIDEO: www.youtube.com Currently holding a double top trade on the CAD/JPY 1 hour time frame. Please watch the video above explaining all the details in today's trades and answer some common questions we get in the trading industry. Star Prosper Philip Stewart
We placed NZDUSD on our radar during yesterday's Live Room session and have been tracking it ever since. I apologize in advance, but the analysis that I did on this pair is somewhat advanced so I'm not going to attempt to duplicate what I shared with you in last night's Syndicate video. Honestly speaking it's a lot clearer on the 13 period range bar charts (as...
SLV had made an earlier retracement from the 0.618 Fibonacci ratio, together with the bearish trendline this is a very good short opportunity.
#eurusd has been ranging, but in a very technical fashion. So this long setup is kind of a no-brainer, and should give us at least enough room to reduce our risk.
AUSSIE DOLLAR IS AT THE 61.8 FIB RETRACEMENT LEVEL OF THE SWING FROM JAN 15TH TO 2ND APRIL. WILL BE WATCHING TO SEE WHERE IT CLOSES. AND WHAT COMES NEXT...