usdjpy has just formed two top pattern and by the looks of it, it should hopefully form a third one in which will hit the trend line and either retrace back. OR it could possibly hit the second green support line and maybe retrace back to previous green support level. this goes back to my previous analysis I made recently, check it out guys.
Previous hasn't been broken yet. A bounce towards 84 area is a good one.
AUDUSD has made lots of tops. With now an bearish RSI divergence. Price is also near the daily .886 retracement. Last time price was at a daily .886 retracement, it fell alot. Stops will be above daily .886 retracement. First targets are intraday, however I will most likely hold the trade as a longer term trade. Trade with care
I may enter ABOVE entry A or around entry B if downtrend continues. I picked a stock at random to work on fibonacci and this happened to be it. please, let me know your thoughts.
techs lead me to believe support can be found in rectangle
price back to 61.8 after break the uptrend. good time to short again
We have retraced 50% of the fall and this area will act as resistance for now. There might be either a consolidation or another pullback to test the 710-720 area. If the price breaks up from here right away it will be very bullish.
Brexit information kept people scared about UK future and its currency is paying that fear
The chart draw a head and shoulder pattern after inverted Head and Shoulder last February to April. Waiting for good News on GBP tomorrow. Since this is overbought, it needs to be breath around -15% to -50% (a nice entry for uptrend). beware of FED Announcement because this are main things that GBP become bearish. BREXIT is a bullish trend for this. Happy...
Hey traders! As you know I like to work on my craft my scrolling through a few pairs that are outside of my trading portfolio and practice my chart reading and predictive analysis. Her eon the CADJPY 1 hour I would a potential trend continuation setup as price as recently created new structure lows and has started to retrace back into a previous level of support...
With Jason out of town I’ll be pulling double duties helping out with the morning War Room as well and today I had about six potential trades on my radar. I typically don’t actively trade on Monday’s but I will be keeping an eye on the NZDUSD for multiple trading opportunities. Bigger picture I’m still looking for a chance to short this pair once we retrace to our...
Although I don’t day trade on Monday’s I have a handful of pairs on my radar for my swing trading portfolio. Multiple patterns on the EURUSD, a few setups on USDJPY, NZDUSD and of course the chart above on EURAUD. We were watching this pair last week for the bullish breakout and now that we’ve gotten it, the next chance to hop on would be at a pullback. Looking...
Purely Technical Outlook: Based on the price data going back to 1994 if that was the IPO of the company, then it has rising to 2014 high in clear 5 wave impulsive move and could now be making a major retracement of the entire rise. Not particularly sure of the fundamental of the company but its price weakness could be compounded by wider market weakness and it...
According to the fact of the Fibo, and Support Resistance on a bearish trend, i am persuading about short on USDMXN Fibos:Retracement, follow 2 pullbacks, and bearish trend, on a 1 day chart, Position Short on 15.21 Exit on 14.98 if support is broken@ 14.98 Exit on 14.70 Low Risk , Ready To Pull Some Pips.
Here we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression. I believe that the market will rally down into the 1.618 extension of the BC leg before consolidating again, or reversing. I have placed my entry at current market price, my stop is at the...
Idea is based on a combination of Elliot Wave theory and Median Line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets and stop losses. Good Luck
This has totally failed! While doing this I noticed that when I drew the Fib Time Zone that it lined up really close to the peak to peak line that I drew. As a matter of fact it seems that every peak has been following the Fib Zone 1,2,3... Now price predictions are going to be much harder to predict. Since there isn't an old data to base future up swings on...