Currencytrading
EURUSD - Preparation of terminal thrustCurrent scenario seems to be a corrective move , that too in a triangular wave structure before the currency prepare gives a terminal thrust to complete its 1-2-3-4-5 impulsive wave. As of now the price will move up & likely to face resistance near the zone of 1.18500 which will complete the wave - d of the triangular wave. After facing the resistance , the currency pair is likely to take a support near the level of 1.1800 which will form the wave - e .
After the completion of wave - e there will be another impulsive terminal thrust to complete wave (v) of 5 .
GBPJPY AT VERY IMPORTANT AREA 140.000 is a huge resistance for GBPJPY. I am looking for a bit more of price action around this level and then jumping into a short. Its a huge area so we may see price play around here for a bit before making its next big move.. with 2 bearish daily candles is showing promising signs..
btc/usdHello traders, here is the analysis from our team :
This won't be a normal post.
We feel, BTC/USD is poised for Super Run . You don't see a set up like
this often. buy: 12009.
Target: 12109/ unlimited. Money management
stop: 11909
Stop will be up to Individual. This could shoot to moon.
Let us know in the comment section below if you have any questions.😉
USDJPY NEW UPTREND?Hey traders I am currently looking at USDJPY making a slight pullback before making another possible move to the upside. As you can see on the 4hr time frame we have had a big rejection from that 105.000 area and now looking like the bulls have this in an uptrend. For every trend we need to expect pullbacks before price continuing on to new areas, I have marked out 106.000 as its a nice round figure and has shown to be very supportive in the past, a pullback to this level could create another great risk reward and take this pair even higher. We do have some news this week that may influence this and show us some nice volatility within the market. As always plan the trade, trade the plan... have a good week!!
GBPAUD STUCK IN SIDEWAYS MOVEMENT I do favour GBPAUD upside, but we will need to break out of this little sideways channel we are seeing. I've highlighted the 2 levels in my group we have taken advantage of the latest upside move. I do see some more consolidation around here before the next big move, but i still think so weakness is on the cards for AUD..
GBPUSD RUNNING INTO MAJOR DAILY RESISTANCE Hi traders, GBPUSD is running into a major area of resistance and already showing this area is going to be hard to pass. From the highlighted area ill be looking for short trades, I think price will consolidate and move sideways before making a big move to the downside. The new 1.30000 level of support will be breaking point before the next large move down.
FOLLOW THE TREND - NZDCHF SHORTS I had highlighted 0.62000 level weeks back looking for shorts from this resistance. Price has shown that its in a big weekly down trend, If not already in this swing trade id be looking on the smaller time frames for an opportunity to hold this short. RBNZ rate statement this week so it could provide that opportunity if not we will see some more downside.
EURUSD NEEDS A BREATHER Similar to AUDUSD we need a breather (pullback) if this pair wants to go any higher, price has slowed down and now we seeing a little bit of life in US dollar, this can change very fast tomorrow night with NFP but I'm looking at short positions and quickly move stops to break even..
USDJPY GEARING UP FOR ITS NEXT MOVE Hey guys as I posted earlier in the week i expected price to make its way back down to 105.000 once again from there looking at possible buys. I think that we may have a final manipulation spike to the downside before a quick move back up to make new highs. This pairs taking a bit of patience but price is slowing down and showing good signs.
AUD/USD - Is it time to sell?I took a fade trade on the majors yesterday, dollar rising- worked out great but you got to remember and think - Is it time to sell again?
AUD/USD, Keep in mind it is a commodity currency pair.
Until it's not passed below the yellow small bullish channel we have going, the bulls are in control - Areas to keep an eye on are: 0.71800 /0.71900 then it could be an area to fade for quick scalp trade or whatever you have on your trade plan for further confirmation.
Until then, you could scale into the trade and little reminder - we have to wait for the right price action of direction.
For those who would like to go in depth: You could go into analysing and take a look at fundamental aspects as well as comparing the pair to being part of basket of currency commodity pairs.
Remember: Just an idea, not a recommendation.
Have a great week ahead.
USDJPY SHOWING SOME REACTION OFF 105.000 AS EXPECTED I noted last week I was looking to see a bounce off and around 105.000 which you can now see. Price dipped a little further then i thought last week but then quickly made its way back and up to its next resistance of 106.000. Now I am hoping to see a nice pull back and entry around 105.000 for a further upside continuation up to possibly 106.750.