Buying
GBPUSD BUY SETUPThe GbpUsd, is moving up slowly (which is good for swingers), and the up trend will definitely gain momentum nevertheless we should expect some corrections along the way.
but for now, lets go long and monitor for retracement.
Elliott Wave Analysis: Will German DAX Top Or Continue Strong ? German DAX is at a new high after very aggressive buying pressure since market open. However, market is currently seen in fifth wave trading at some Fibonacci resistance area that can cause a temporary top, or even turn lower into a new correction.
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Please be informed that information we provide ARE NOT trading recommendation or investment advice. All of our work is for educational purposes only.
AUDCHF Reversal- H1The AUDCHF is prime for a reversal. The set-up is ready we just need to see a bullish upward movement here to trigger an entry.
We have a pending order set at 74.100
The R:R is a 1 Risk to 3 Reward.
If this continues downward we will move our pending order. We will keep this trade idea updated.
Typical Micron (MU) - Good trading.Micron is at it again with it's normal ups on earnings, and down for no news.
NZD|USD: Buying set up: Goin top lane, role as a fighter:Bullish Flag, but remember, there could be an enemy yellow* jungler came to gank your lane (The Resistance).
Target 1: 0.70141
Target 2: 0.71140
Watch out & Thanks :*)
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4/13/2017:
USDCHF - Quick long playEven though the HTF is pretty volatile I see a good opportunity for a quick long play on this pair. Price has just broken out to the upside of a corrective structure. Looking to enter on a weak pullback into support (top of structure) with first target around 1.0080 and if that resistance folds, extended target would be 1.0100.
GOLD longGold broke important key level and is predicted to continue in uptrend. Testing the resistance and buying.
USOIL - Change in order flowThe reversal structure we are seeing on the 4 hour chart is hinting of a change in order flow. I expect either 45.00 or 43.60 will attract new bids that will push price up towards 48.00.
USD/CHF - Closing in on a long term resistance zoneEven though we are getting close to a daily resistance zone I think there is a short-term upside potential. The latest bull run has been almost uninterrupted by the bears and they most likely won't be able to stop it with just one try. So expect increasing volatility before this thing turns around.
For now I am looking to get long if price makes it back to the bottom of the short-term corrective structure around 0.98900 with my first target around 0.98900 and my secondary target all the way up at the top of the resistance zone around 0.99400.
If we don't get the pullback I am waiting for = No trade.
EUR/AUD - Signs of possible bullish continuationThe pair has been testing the 1.4580 level for 4 times without being able to penetrate it. The last reaction was pretty forceful followed by a corrective structure. If this structure holds and we see a retrace back into the bottom I am willing to go long, targeting 1.4760 as a primary target and 1.4850 as a secondary one.
Since we are in a ranging environment this will be a lower probability trade though.
EUR/CAD - Structure hinting of a new bullish moveThe sideways corrective structure is hinting that the buyers are still interested in this pair and are just taking a break. If the bottom of this structure holds I am looking to go long with my first target being the top of the structure and my second target around 1.4860-1.4870.
EUR/GBP - Closing in on heavy resistanceIf this corrective structure holds I am looking to go long with my primary target around 0.8745. And if that level folds a move up towards the resistance area between 0.87600-0.87900 is to be expected. The resistance area should attract plenty off sellers so would not look for targets beyond that zone.
Gold - False break and reversal structureClear false break and reversal structure forming on the 1h gold chart. Going long targeting the 1331 area with stops below 1318.
GBP/CHF - Early moving marketThe market started moving prior to the London open today so I was not able to get in in time. But am looking for a re-test of the 1.2620 area once London opens to get long. The corrective structure is looking good with clear edges. It is also horizontal which always is a good sign in my book. Primary target will be the level that is testet right now around 1.2643 and secondary target will be the area around 1.2735.
USD/CHF - Bought at 0.97880Bought this pair this morning at 0.97880 and am looking for a initial move up towards 0.98100 and if that level folds, another push up to 0.98400.
GBP/AUD - Possible short term reversal on HTF with LTF entryOn the daily chart price has been bulish 7 out of 8 days and if bulls are able to remain in control a move towards 1.7750 is very likely in my opinion. I am looking to benefit from such a move with a lower time frame entry. Looking to go long from the 1.7250 area with my primary target just shy of 1.74 and my secondary target at 1.7750.
USD/JPY - Possible bullish follow throughAll the majors are showing the same behavior. Strong impulsive move, followed by a horizontal corrective price action. If the minor support zone around 101.50 holds my short term target is 102.50 and long term target is around 104.00.
