Art_of_Trading

Art_of_Trading Updated 

On FX:USDJPY , the market is bearish and moves downtrend. It makes Higher Low and Lower Low last 7 days. However, there is an impulse leg, where correction is expected before it break the structure low at 122.256. It is also acted as support on few occassions and it is expected that the big orders are placed around that level which bounce the price up. In...

Art_of_Trading Updated 

On FX:GBPJPY , we had a trending market last month. The price was going upward, making higher high and higher lows. but the last swing broke the structure and change the market to sideways. The price dropped this week and its time for the correction. There is a valid cypher pattern to go long. Put SL below X leg. In addition, we have a trendline (dynamic...

Art_of_Trading

On FX:USDCAD , the market is not trending; it moves in sideways, which give some good opportunities to harmonic pattern traders. The price are close to structure high, resistance level at 1.3369. That level rejected the market few times and it is more likely that it will act as resistance again. Moreover, there is a valid bat pattern, which finished its D leg...

Art_of_Trading

On FX:EURUSD , after the falling the EUR on Friday, the correction leg is expected. The price is getting close to structure low, which is the support level at 1.0630. If bulls are going to buy its their zone. Moreover, there is a valid gartley pattern, which finished its D leg 127% extension on the key area. The harmonic pattern increases the probability of this...

Art_of_Trading

On FX:EURJPY , there was a strong fall last few hours. However, it seems now, sellers lost control of the price, and buyers starting to step in and push the price up. There is a shooting start which is the indication of reversal at our key zone. There is a structure low (support) around 131.17 (red box), where the price will more likely to react. In addition,...

Art_of_Trading Updated 

On FX:AUDUSD , the bulls are in control of the price and getting close to the previous structure high. When bears are going to step in? it is more likely soon, as big orders are mostly placed at structure levels. In addition, there is harmonic moves, where the valid gartley pattern appears, which increase the probability. This pattern gives a clear guidance,...

Art_of_Trading Updated 

On FX_IDC:EURJPY , the price dropping last few hours; sellers are in control of the market and the question is where is the zone, when the buyers step in and sellers start taking profits? The markets is going upward on 1H bars, as it did Higher High and Higher Low swings. The next structure low is around 131.255, which is our key zone. There is a trendline...

Art_of_Trading

On FX:USDJPY , the market is bearish and trending downtrend on 1H bars. The price makes Lower Highs and Lower Lows last few days. So, why not follow these moves. There is a key zone at 123.00. It was acted as support and became resistance. Also, 123.00 is considered psychological level too, because of 00. Institutional traders and big players give that...

Art_of_Trading

On FX:EURUSD , we are having bearish market last few hours. The price dropped significantly and sellers are full control of the price. Even negative news on USD, couldnt stop this drop. We can see their unsuccessful try (check long shadows). However, it is expected that buyers will step in and raise the EUR up but where?! There is a support level at 1.0711,...

Art_of_Trading

On FX:NZDUSD , the price continue dropping last few hours and it getting close to the structure low at 0.6501, which is also act as support level. Sellers in control of price, but it is expected that they will start taking their profits soon and it will cause to price go up. Also, new buyers will step in, as big orders mostly placed at structure levels. There is...

Art_of_Trading

On FX:USDJPY , the market is trending on 1H bars. There is Higher Lows and Lower Lows in Channel. These two trendlines acting as dynamic support and resistance and provide reversal zones. The price is going to finish its correction and it is expected to be reversed at upper trendline. Follow the Trend, Trend is your Friend....

Art_of_Trading

On FX:EURJPY , the price dropped significantly today and it is getting close to structure low around 131.638. Sellers in control on 1H bars, but it is expected that the they will take their profits at structure low and new buyers step in , which increase the EUR value against JPY. Moreover, the valid Bat pattern appears, which gives clear guidance where to...

Art_of_Trading

On FX:EURJPY , we have no clear trending market, the price didnt break last Lower Low; however, the technical analysis gives a high probability set-up to go short. There is a Strong Trendline (dynamic resistance) the price respected this level and each times it touches it, trendline bounces it back. It is a good indication that the price found its roof at this...

Art_of_Trading

On FX:GBPUSD , we are having sideways market on 4 Bars. There was dramatic fall yesterday, because of people reaction on news. They panicked all and SELL, but the question is when they will get their profits or new buyers step in. In both cases. GBP will go up and gives an opportunity to go long. We have a structure low at 1.5136, which is a X leg of Gartley...

Art_of_Trading

On FX:GBPJPY , as you look at 4H chart, it is clear that the market moves sideways. There is no direction bias. The price is going close to 17th September High, where the price bounce is expected. The big institutional order mostly placed on key zones, so why not follow big guys?! There is a valid bat pattern, which gives the signal where to go short. Also, we...

Art_of_Trading

On FX:EURUSD , there is no much movement last few days. The valid Bat pattern appears, which gives clear guidance for Stop loss (below X leg), Entry (88% Fibo Retracement) and Take Profits (T1 - 38.2 and T2 - 61.8%). Aggresive traders can go long, but more conservative traders can wait for additional confirmation and then...

Art_of_Trading

On FX_IDC:EURUSD , the market moves sides; there is no clear trend direction on 1H bars. We have a recent support level at 1.5417, the price respect that zone 3 times and it is expected it will bounce again. Moreover, there is a trendline (dynamic support), which exactly crosses our reversal zone, and fibonnaci level 38.2. All those confluences increase the...

Art_of_Trading

On FX:NZDUSD , the market is not trending (moves sideways) on 1H bars. This market condition may not attractive to trend followers, but its great for harmonic pattern traders. There is a valid Bat pattern, which finished its final D leg and reversed exactly at 88.6% Fibonacci level. Thus, it is confirmed and this set-up gives an opportunity to go short. However,...