Currencytrading
CADJPY 4H potential bear Cypher and bull Gartley patternOn this pair, there are 2 potential harmonic patterns : the bear Cypher pattern and the bull Gartley pattern. If you look at the chart, you'd notice that there are multiple lower highs that suggests that market might go lower, so the bear Cypher pattern would be a great selling opportunity. However, if market decides to go lower without triggering the bear Cypher pattern, there will be a bull Gartley pattern waiting to be completed and having a buying opportunity.
NZDUSD 1H potnetial bullish Crab patternMarket right now looks heavily bearish, but if it keeps heading down, there might be a potential bullish harmonic pattern : the Crab pattern. There are 2 ways to trade this pattern ; the aggressive entry, which is right at the beginning of the grey box, or the more conservative entry, which is at the bottom of the grey box. If you don't want to miss a the trade, the aggressive entry is better suited for, but if you're more of a conservative trader, entering at the bottom of the grey box would be ideal for you. However, there are pros and cons for both methods ; if you enter aggressively, you risk a bit more, but if you enter conservatively, you risk less and you might miss the trade. There are 2 ways to trade this pair and there's no right or wrong, it all depends on your trading plan.
USDCAD 1H potential bear Cypher patternOn the 1H chart, market seems to be in consolidation at the moment. However, it has failed to breach previous structure, and that is suggesting that the market is in a bearish consolidation. Plus, there's also a potential bear Cypher pattern, with RSI in a bearish divergence, and if the Cypher pattern completes, there's a potential selling opportunity.
EURUSD analyse, predictionHello hello friends
We broke triangle in down so we can fall to S/R. Then we can jump back to resistance or we can fall more to support. We need to break resistance for next move to up.
Hope it helps. If you want you can write comment what you think :)
YEN FUTURES LONG?Could yen futures go high?
I believe that we could see Yen Futures going to highs of 0.0093125.
Pay attention to the futures guys when trading yen pairs...
ALSO PAY ATTENTION TO THIS KEY LEVEL(0.092500)
GBPUSD analyseHello hello friends.
Now we can stay some time in pink rectangle and then jump back to resistance(white rectangle) or fall to price around 1.35(yellow rectangle).
Bearish movement - CHFJPYIt was noted that CHFJPY could be hunting lower lows. Our current trend is bearish.
H1 is complemented with an extremely strong bearish divergence including an ABC pattern back into an order block.
Furthermore, H1 is complemented with additional trendline resistance increasing the probability of our trade.
R:R > 1:5
Good Luck :-)
Possible Complex Head&Shoulders Bottoms on USD/JPY (Daily)Complex Head & Shoulders Bottoms patterns rarely confirm, so forgive me if wrong...
TA is pure speculation and this analysis will confirm only if the price actions crosses neckline upwards.
EURJPY Advanced Bat FormationEURJPY advanced bat formation to possible completion soon. I will take traditional targets of T1 at .382 and T2 at .618. Best of luck!
AUD/USD Currency Pair Chart_Update 3The predicted weakness didn't exceed our expectancy by any means as a break down of the robust entry of 0.77790 sent AUD/USD pair falling to a low of 0.76160. From this point, the currency is likely ‘attracted’ by month’s low of 0.76430 and even though a break of this price level is not surprising, a move below Mean support 0.76250 is expected to pull in some buying. On the whole, a strong close below Mean support would suggest that an original T/P will be fulfilled very rapidly.
USD/CAD Currency Pair Chart_Update 3USD/CAD pair appears to have found short-term support around 1.24500, at levels just below our entry price 1.26340. Daily momentum is bullish, and the pair is heading towards Key resistance 1.29390. We look to exit this trade possibly at this price. However, T/P 1.30970 is very much in play.
AUDUSD4H Charts shows multiple continuation patterns. The a-d-i indicator is low and the Moving averages are still headed north. A breach of the lower trend line could indicate a reversal, but that has not happened yet. Price will pull back allowing bullish entry.
NZDUSDContinued uptrend. The current projection of the events taking place in the US will not change enough to reverse the trend. I see this continuing to rise higher and respect the channel.
EURUSD : Pause before resuming rally
The current consolidation is considered a pause to complete sub-wave 4 of 5 before sub-wave 5 of 5 resumes rally .
Bullish gartley vs Symmetrical triangle faceof!will be an interesting trde..
My expectation is a breakdown from the triangle will occur then a true breakout
In a totallu=y diff scene a stright up breakout may happen also..Will decide the entry , the take profit regions are market sin green..
CurrencyShares Euro Trust (FXE) Bear Put SpreadCase for FXE Bear Put Spread
Next week’s ECB meeting seems unlikley to result in increased rates tapering while the Fed is actively unwinding QE
Softer EU inflation data, manufacturing PMI’s, and Italian elections keep pressure low on Draghi to tighten despite solid GDP statistics
Recent US equity spike in volatility likely to be top of ECB voters’ minds.
Target $112 by end of Q2 2018 but $108 if major European stress event occurs
