pipared1

pipared1

looking for a potential stretch towards the 1.34250 zone and soon after I will be interested in looking at selling opportunities to the downside with a target of 1.22000. Keeping a close eye on the potential breakdown of the prior bullish trendline. News should also be taken into consideration to avoid slippage during opening sessions as well as news releases...

pipared1

seems as if this pair is getting ready for a nice drop to the downside. Divergence is apparent on the monthly and weekly timeframes. my first TP is at 1.28888 second TP is at 1.20000 and my stop loss is 1.33959. Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital....

pipared1

Currently observing price action for this pair. I noticed that a descending channel has been in effect since late January 2018. It appears that a tweezer top is trying to complete at the close of the weekly time frame. On the D1 timeframe I can already see what looks like a shooting star chart pattern. I am anticipating price to climb at this very interesting...

pipared1

Based on price action, technicals and confluence, it appears that AUDJPY is continuing its drop long-term. It looks like a Gartley harmonic pattern may be forming but only time will tell. A big move to the downside has been in effect since 2015 and since mid-year 2017, an uptrend has formed which is now being overturn by more bearish momentum as price fails to...

pipared1

It looks like price has reached a major support level and has already shown signs of bullish momentum. Price is oversold on the stochastic on the 4H timeframe. Time to sit back and watch. Don't force the trade. Don't predict the trade. ONLY REACT. Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could...

pipared1

Looks like a drop is about to happen with EURUSD. I'm looking to short. Trading parameters are dependent upon your risk to reward ratio and your individual risk management along with your trading plan. Pendings, entries, exits and stop losses will all be depending on you and your trading style. This particular analysis was intended for swings. Happy...

pipared1

I do believe that USDJPY is going to go up based on some divergence on the D1 timeframe. Right now price is retracing from the 50% fibonacci level which tells me that it is likely to continue upwards after pulling back. Strong pin bar with bearish exhausted to be noted that happened around 9am this morning right at the 107.100 area. Price looks like it wants to...

pipared1

This pair has been on a bull-run since the beginning of March 2018. It seems to have run its course. I noticed that there seems to be what we call a bear flag on the D1 timeframe which is a continuation pattern for whatever trend price has been doing currently. So, before the uptrend started in March, price had been falling since the previous month, February. ...

pipared1

Mulltiple confirmations give me reason to believe that AUDUSD is going down. The Stochastic RSI indicator appears to be overbought. The bull run looks like it is losing steam. On the D1 timeframe, the price has been falling since late January and looks like it will continue its drop. On the Weekly timeframe it looks like a 3-drive has made its completion and a...

pipared1

I have a reason to believe that price will go up and then down for a longer duration of time. There is a perfectly formed inverted head and shoulder pattern formation on the 4H chart. I expect for price to rise to retest major resistance zone before sinking back down in search for a demand zone around the .71500 area (could be sooner, could be later who knows)....

pipared1

I feel that GBPJPY will be reaching for the stars this week for several reasons. The price is oversold on the RSI Stochastic indicator as well as a crossover of the EMA to the upside. It looks like a bull flag could be forming. Price has continued its recent uptrend since October 2016. It seems to be respecting a trendline and may be starting another take off...

pipared1

Looking for a break of the descending triangle. Going south for at least +20 pips. Entry will be on a closing candle after the retest of previous support. Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Use proper risk management and smaller lot sizes to protect accounts.

pipared1

It looks like price has finally broken the channel and is heading back up. Based on technicals, things are looking good for bitcoin. Inverted head and shoulder pattern seems to be forming. I will be interested in going long after price closes above the neckline. Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and...

pipared1

Possible head and shoulder formation being created. Looks like a bearish harmonic pattern has formed so we may be able to catch the ride down on this pair. Price has shown some rejection in this area Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Use proper risk...

pipared1 Updated 

I am looking at several reasons for a sell entry on this pair. Previous highs formed an obvious tweezer top candlestick pattern. I do believe that this pair will drop into the .89000 levels. Entry will be on an engulfing or some sort of reversal pattern. We have entered a resistance zone and upon a break and retest of previous support around the .89063 price level...

pipared1

I feel that USDJPY will rise due to the presence of a symmetrical triangle, which means that the price action could break the triangle to either side. I noticed some bullish divergence on the weekly timeframe, which confirms my theory that UJ will be moving upwards. I would get into the trade once the price rises anywhere between the 109.647 to the 109.800 zone....

pipared1

I am anticipating some upward movement going into this first week of february. When price reaches the 0.87920 level I will be interested in buying this pair. My first TP level would be at 130 pips and my second TP level would be at 230 pips. My stop loss is placed just 65 pips below my entry. My confirmation on bullish sentiment is divergence on the monthly...

pipared1

A channel has formed on this pair on the weekly timeframe. The channel is bullish and right now that seems to be the sentiment, but price has not completely broken major resistance around the 0.80594 zone. Within the channel support has been re-tested 3 times and may return. Right now we are at a level of strong resistance within the channel. There is a possible...