FX_IDC:GBPUSD
There is a potential move to the downside on the 4 hourly time frame. This one looks pretty obvious to me with the Cypher pattern and trend break in the vicinity together with confluence on the pound. Many traders will put their stops in the same place so there is a possibility that the price may spike up a little past 1.07800 before falling back down therefore it...
CHK had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart). Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's...
Someone asked an advice in chat about Palladium LONG (with TP@756.00) and thought to provide my personal point of view with a more organic answer... The instrument is uptrend on the long term, but it looks indecisive at the moment; from the chart we can see it is in a range between two Fibonacci levels (and one of them is a resistance as well). If we entered...
Waiting for valid entry. Bullish trendline has to be broken as long as the pattern is valid.
There are so many factors in my decision to enter a trade, but I always start with the wider time frames. You'll see a number of the confluence factors I've put together is found or more dominantly seen, on the wider times frames (i.e. weekly, monthly, quarterly) and just for the clarity I always start on the widest frame and work down to the narrower views. You...
Daily analisys. The correction seems over. We are at 61,8% Fibo. Now we must wait for bearish patterns and after thate we could decide if trade this currency or not. I think will be a good trade. What do you think about that? Write me below suggestions and your point of views. Thanks.
NZDUSD, 2 zones to sell -if goes way beyond sell zone 1,then wait for it to reach sell zone 2.Lots of bearish potential on this one.Mind the corrections also.
Wait for possible bounce at R3 pivot pt. after the USD FOMC Interest Rate decision at 2:00 (UTC+8) tomorrow. To setup a short stop after bearish confirmation candle in line with the bullish sentiment on USD (www.dailyfx.com).
Ok so EURUSD already broke down that trendline, it almost re-tested it thrice, we can't say that's a double top because it passed through the trendline again and came back in, but I also see what could be a mini head and shoulders forming there. Since it already reached a .618 Fibs retracement... I would expect a BEARISH scenario, but I need it to confirm its'...
I’ve Notices It’s Broked out support trendline which has been holding weight for a while now, u can see how prices has been respecting The fibs ratio (when drawn right) price on the 4hour failed to close below 38.2 however allot of people are buying yen atm, could be a nice possible swing down (hoping for somthing like the swing up i got) but if u no my style u...
Ok I think XAGUSD is going even more up than it already have gone so far. First of all, that inverted head and shoulders which later confirmed a bullish scenario strong enough to return and break into the previous uptrend, so if does a re-test in which I'm expecting to see a morning star then I'd say is a BUY. Any comments?
Gold has double topped at the last lower high and while I am skeptical of a sell right now given the USD index is falling there should be caution when taking a long position. We need a higher close above the lower high to safely buy into Gold which may come later in today's session, otherwise if the USD index re-bounds (see linked trade analysis) we could short...
Ok that triangle is getting smaller every day, it is too soon to make a decision right now, I will wait for a break out either up or down and after it I will update this idea. Any comments?
I'm waiting for a little more confirmation on this one, but since it already broke that important daily trendline now I'd wait for a re-test before buying it until probably... .76500 Any comments?
EURGBP has hit the bottom of its channel if price breaks above 0.8387 we could see it heading to 0.84448, Alternatively if sellers take control price could fall to as low as 0.82466
AUDNZD looks like a good buy setup, a lot of the indicators and price action are pointing towards a bull run, but Yellen might be the party pooper. As they say, it ain't over till the fat lady sings, and Yellen is a lady and kinda fat so... RSI and stoch show bullish divergence First bullish daily candle that might even engulf yesterday's bear First...