1d
EURUSD 1D Naked Forex TradingEURUSD is currently trading within a Potential Reversal Zone (Major support level).
We expect price to turn bullish in the near-term before hitting our TP 1, which is a resistance level. If price was to break further through the green trend line, we would expect it to move towards TP 2.
If price does not break TP 1, we expect it to continue on its downtrend towards Potential Reversal Zone 2, where another bounce may occur back to Zone 1.
A break through Potential Reversal Zone 1 would open up a short play towards Potential Reversal Zone 2.
AUD/USD interesting situation1d, daily chart, looks like another bounce off or probably breaktrough
lets see what happens
USDJPY Head n' Shoulders shortSimilar to the Head and shoulders short trade that I took on the GBPNZD 1h chart, I think that a similar move can be expected here on the USDJPY 1d time frame. We have a prevailing bearish trend and a pretty good risk to reward using the projection from the height of the pattern; a profit target at the 1.27 ext would yield just better than a 1:t risk to reward for a more conservative approach as well. What do you think?
Bull bat on copper 1D timeframeThere is a potential bat pattern setting up on copper, since it is 1D timeframe, it may take a couple of days or weeks to complete if it does at all
I'll be keeping a close eye on it and looking for a long opportunity at the completion
Potential downtrend on the DAXAfter the price couldn't break through the upside of the last high anymore a double top was formed and the price fall down below the trendline.
Now the price has retraced 76.40% and it seems that a lower high has formed. Normally I would watch for a good opportunity for a short trade here but because of the referendum tomorrow I will stay out of any trades for this week and wait until monday to trade again.
Eventually the referendum is helping to drop the price as I expect here but I think the risk is way to high to be stopped out in the next two days.
I wish everybody who is still trading good luck and nice profits.
Dennis
PS: I give no advice, I only share my opinion.
GBPAUD is going down :D... I hope...GBPAUD
well, there is not much to say, in 15m just broke a nice resistance, it seems that will make a nice shoulder-head-shoulder, also seems like the 1h and 15m 5th elliot wave, and the end of a 4th wave on 4h. It coudn't suppas the fibbo resistance. And well, in the lv2 there are like the HELL of a lot of selling positions right above that is scaring the price away...
Squezze is starting to fall, we have a short aceleration... What else we can ask? Maybe that MA 50 that is like saying "hey dont trusth this dud, go long" but... Naaa, who really cares about that silly MA... (Put some tight stops...) put stops around 1.9913... Or something like that, remember your spread.
Remember if you have a winning position and it goes to a losse position is a mistake that has no forgiveness, please follow your trade with stops and so. This is a daily swing, that could turn into a positioner trade... It might go short for weeks :D
That is what I am aiming for. SELL MY CHILDREN SEELLLLL!!!
BTC long triangle waiting for halving...BTCUSD
We all are aware of the halving that will ocur around 11 Jul 2016 06:03:16.
Depending on the mining it can happen earlier or later. But it will happen around that time. This huge triangle could meet it's end on that halving period when the price especulate to rise long, and the mining will meet a halve progresion.
Until then I suggest to look foward the buying positions.
www.bitcoinblockhalf.com
NZDUSDNZDUSD
Seems that NZDUSD is having some issues to keep the long trend. And is starting to have divergency on 4h timeframe. I suggest a short.
With the first objetive on 0.66225
BTC long triangle waiting for halving...BTCUSD
We all are aware of the halving that will ocur around 11 Jul 2016 06:03:16.
Depending on the mining it can happen earlier or later. But it will happen around that time. This huge triangle could meet it's end on that halving period when the price especulate to rise long, and the mining will meet a halve progresion.
Until then I suggest to look foward the buying positions.
www.bitcoinblockhalf.com
CADJPY ShortI will be looking for a movement below the green support on Monday before placing a trade. Overall this pair is trending down and it has pulled back to resistance. I believe this is a good time to short with the proper signals. I will be paying close attention to RSI and MACD. I have 3 TPs shown. The green line is long term support on the weekly. Looking like a good setup though.
Head and sholders pattern completedWaiting for it to retest the neck level @ 116.10 and the drop down.
