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Fibonacci Cluster

6S (USDCHF mirror) - JANUARY INTRADAY FORECAST!Hello Traders! Happy New Year! We would like to present, intraday forecast - 6S (USDCHF mirror) on january 2016y, as an additional EWA, confirming 6E (eurusd) intraday forecast, within the correlation method of analysis. Besides, take a look at forming model of B.Wolfe's waves. Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume , Fibonacci. Suppose that this week (close to wednesday), the price gradually rises to strong resistance 1.00180, next we will see the creation process of cumulative delta and then expected bearish impulse! All the important prices you can see on a chart. (please pay your attention to the double variations of EWA/EWP) We wish you all the best in New Year! Sincerely your's Powerful Traders!
Short
by POWERFUL_TRADERS
6E (eurusd) - JANUARY INTRADAY FORECAST!Hello! Happy New Year! We would like to present, intraday forecast - 6E (eurusd) on january 2016y. Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume, Fibonacci. Suppose that this week (close to wednesday), the price gradually decreases to strong support 1.07580, next we will see the creation process of cumulative delta and then expected bulish impulse! All the important prices you can see on a chart. (please pay your attention to the three variations of EWA/EWP) We wish you all the best in New Year! Sincerely your's Powerful Traders!
Long
by POWERFUL_TRADERS
USD/JPY - Bearish Bat PatternOn the USD/JPY Daily chart we have a potential short opportunity at the D leg completion of a Bat Pattern. The price reversal zone on this pair is between 124.194 & 125.235 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move. Stop loss would be placed above X leg structure resistance. Website. www.UKForexSignals.com Learn To Trade The Bat Pattern.
Short
by UnknownUnicorn180388
12
EURUSD possible reversal 'taking top and bottoms'Market have completed impulse Elliott wave pattern down at the Fibonacci confluence zone piercing price 1.07 level. This is possible strong support zone and a correction could follow. There is possibly strong resistance zone near price level of 1.09. No trades should be taken if price close daily below 1.07. My trade plan: look for reversal confirmation signals for long trade in smaller time frames. This is just a correction, that's why long trade should be short term and stop loss should be placed in safe zone really. There is possibly inverted head and shoulders pattern in H1 time frame so possibly follow the classical rules of trading it. ! RISK DISCLAIMER ! All information I provide is my own trading Ideas. It is not any kind of recommendation to make trading decisions. And it is not recommendation to use any details about trade such as stop loss or take profit levels. Trading on financial markets is very volatile and risky, that why it is possible to loose all of your capital in very short period of time.
Long
by venckusarunas
USDJPY: Trading with Price Action & Fibonacci Tools (VIDEO)Hey traders, sorry for being away all week but I needed to get away from some of the negativity that exist on these social sites and concentrate fully on what matters most TRADING. The chart above is of a trade we took on the USDJPY this week using nothing more than the fundamental skills of reading a price chart and using the Fibonacci ratio tools. Obviously explaining the trade would mean numerous paragraphs so to make things easier, I just recorded a video. Enjoy and hopefully I’ll be back on tradingview next week. We’ll see, I love sharing ideas with you guys and helping you out but I must admit, being away has been refreshing. FOREX TRADING USING PRICE ACTION & FIBONACCI RATIOS VIDEO www.youtube.com Akil Stokes Chief Currency Analysis at Trade Empowered
by Akil_Stokes
48
EURUSD: What's Going On With The EURO???I wanted to title this post What’s Going On With The Euro? Because I honestly don’t have a clue. With the lack of movement in the markets, it’s been really difficult to get a true read on certain pairs since they just aren’t moving too much. With no major news out today and CPI & FOMC coming tomorrow I’m expecting more of the same today. None the less, it’s still important that I go through my I.P.D.E. process and at least make some predictions so that I have some sort of structure (no pun intended) going into the trading day. As I always do with my analysis, what I have drawn on this chart is just a series of harmonic moves and Fibonacci extensions, inversions & retracements. They create a nice zone between the 1.1020-1.0980’s level. With that being said there’s no real level of structure at that level that gives me confidence in a reversal at that area so I’m not actively looking to get long there from a swing traders perspective. Could be a good day trading option if we get the right type of reaction once we hit it. Anyway we’ll see what happens and hey, if you want to see me do this analysis live, I’m testing out a Youtube Live Stream today at 8am New York time. Here’s the link (I think) www.youtube.com but if you’re subscribed to my youtube page you should be notified I believe (based off of the test this morning). Akil Stokes Chief Currency Analysis at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
Long
by Akil_Stokes
46
EURUSD: Been Waiting All Week & Finally Got My ReasonAfter stalking the EURUSD this entire week, price action has finally made its way down into my kill zone and has also given me a reason to get long in the form of a bullish bat pattern that completed during the early London session. There are so many ways to take targets on this trade and instead of laying them all out I’ll just ask you these questions. Why are you involved in the trade (advanced pattern or trend continuation)? And (of course) What do your rules say to do? I know you guys hate hearing that, but hey, that’s the reality of trading. Each of us are different and as I tell my clients, your trading style should match your personality making it fit you like a fine tailored suit. BIG NEWS OUT AT 8:30 eastern! We’ve got USD: Advance GDP, Trade Balance & Unemployment. This should certainly give us some action early on in the New York session so be careful. The underlying market sentiment still looks to be very bullish the USD especially since yesterday’s (lack of hawkish tone) FOMC statement showed little movement before being shaken off my the market. Yesterday’s USDCAD didn’t go my way and if you’d like to read about it here’s the link to my trading blog. tradeempowered.com Also it’s Thursday so that means my weekly video is coming out so make sure you head over to YouTube and SUBSCRIBE to my channel, that way you don’t miss it. I’ll most likely be talking about dealing with failing strategies and looking at equity curves…we’ll see. Good luck today traders and let’s ROCK the markets on this wonderful Thursday! Akil Stokes Chief Currency Analyst www.TradeEmpowered.com Akil@Tradeempowered.com /@AkilStokesRTM / Forex Weekend Review Videos: www.youtube.com
Long
by Akil_Stokes
76
Sell sign on EUR/GBPUsing the following to back a short entry on EUR/GBP on the daily chart: - inside bar - resistance at ~0.7120 - mother candle rejects: - 50 ema and closes below - 0.786 Fibonacci level and closes below - Fibonacci cluster - falling trend line for the 4th time closing within the downward trend channel - Stochastic hidden bearish divergence (comparison of swing highs), and Stochastic and RSI convergence entry - below low of inside bar stop loss - above high of mother bar target - previous swing low or lower
Short
by amanpaulbhogal
EURUSD: Potential Bearish Bat PatternIt's Friday...I'm feeling burnt out, so we're going to keep it really simple today. Potential Bear Bat Pattern. There you have it. It is pretty cool that we get some extra fibonacci confluence in the form of an 61.8 retracement & a 161.8 extension but at the end of the day the pattern is all that really matters to me. Other pairs on my radar today are the GBPJPY, USDJPY, EURAUD (SHort) & USDCAD If you didn't do so yesterday make sure you check out my latest YouTube video "Simple Technical Analysis & Why Markets Move" www.youtube.com Have a great weekend traders! And of course Live Room/Syndicate members I'll still see you today in an hour or so. Akil
Short
by Akil_Stokes
29
GBPUSD: Trend & Counter Trend Opportunities I have a handful of trades on my radar today but I wanted to concentrate on the GBPUSD this morning because of the multiple opportunities. The main trade that I’m looking for is the Bearish trend continuation setup. This market has clearly broken structure to the downside and if we get relief we have an excellent structure level to predict where our next pullback will come to. We’ve also just come into a minor support level which may offer counter trend traders a buying opportunity. This will be something that I dig into during my live room on a smaller timeframe (waiting for confirmation ofcourse), but with the RSI buried, minor structure and a little Fibonacci ratio confluence, my eyes are certainly looking for a chance to buy the GBPUSD as the bears become exhausted. We had a good day in the Syndicate yesterday. I went 1 for 2 and I’m pretty sure Jason went 2 for 2 on his NZDUSD and GBPJPY shorts. Also on my radar today is the GBPAUD, EURJPY (already long), GBPJPY (already long), EURUAD and AUDCAD Akil Stokes Chief Currency Analyst www.TradeEmpowered.com Akil@Tradeempowered.com /@AkilStokesRTM / Forex Weekend Review Videos: www.youtube.com
by Akil_Stokes
8
EURUSD: A Look Ahead (Day 3) "Keep An Eye on GDP Today" As I told my Syndicate members last night, although we’re at a minor level of structure, double bottomed at that level (LTF) and are currently putting in a 2618 on the Euro, I have no intentions of buying. It’s not a Greece thing, or the fact that I’m scared to pull the trigger after yesterday’s losing trade. It’s simply because I have no real place that I would feel comfortable taking targets at. So instead of forcing a revenge trade (like I almost did with USDJPY yesterday for you guys in the live room) I’ll reload my I.P.D.E. and start from scratch like I do every day. LONG The next area that I would consider getting long is down at the 1.1060s area. We’ve got price action holding support there 4 times in the past two months as well as some Fibonacci confluence between a 1.272 extension and a 61.8 retracement. Obviously I’m not placing an aggressive limit order there like I would with an advanced pattern but that’s where I’ll be looking for entry reasons. At 8:30am New York time we have US Final GDP coming out. I think this is going to be big. We all know the story by now about interest rate hikes and overall condition of the economy. Well there’s no better release is there. Yesterday the USD had a bad number, yet shook it off and still gained. This causes me to think that the overall sentiment in the market is still bullish the USD which means the market should be primed to jump all over a good GDP and ignore a poor one (talking about after the initial dust has settled). SHORT My only short option at the moment (aside from intraday trading) is to wait for a push back up to 1.1300 level. We’ve got a 61.8 Fibonacci retracement and some previous structure up there, but my reversal zone would be rather large which is why I’m not too interested for today. I’d like to see what price action does up there first. We may also be setting up a smaller gartley pattern (1hr) right below a minor structure level at 1.1260’s which is worth keeping an eye on for you Lower Timeframe traders. We’ll see what the market has in store for us, but certainly keep an eye out for 8:30am NY. Other trades on my radar are the AUDCAD and the AUDUSD Akil Stokes Chief Currency Analyst at www.TradeEmpowered.com Akil@Tradeempowered.com Check Out My FREE Weekly videos at www.youtube.com
by Akil_Stokes
4
EURUSD: A Look Ahead (Day 2) "I Got Long This Morning"Surprisingly the bulk of the movement on EURUSD yesterday seemed to come in the…Asia session (whaaat?) Anyway, we are now down in a zone where I thought we may see a potential reversal. Personally I got long on the smaller Gartley pattern this morning (from 1.1231) but keep in mind we also have a bigger bat pattern lurking down at 1.1182. I got the question yesterday asking “Akil which one will be more accurate to take?” Honestly, I don’t know. If I did, I’d bet the house on it but seriously, we never know what the market is going to do and if someone is telling you otherwise, then they’re lying to you and probably trying to sell you something. With that being said this situation is interesting because for some, the gartley pattern stops will be below the bat pattern completion which means that you’ll either have to choose one over the other, or split the position and take both trades. I like the saying “a bird in the hand is better than two in the bush.” Meaning a completed pattern is always valued over a potential pattern assuming there aren’t any risk issues. I also like the protection that the 1.1200 level offers in the form of a psychological number and Fibonacci ratio cluster. Currently I’m looking for a push up to the 1.13 even handle to take profit, but that may change depending on how far this “D” leg falls. Until we get out of this consolidation, I don’t really have any long-term outlooks on this pair, so I’ll continue to look for intraday opportunities until a true direction is determined. Other pairs on my radar today are the USDJPY (already long), EURAUD (again), EURJPY and AUDUSD Akil Stokes Chief Currency Analyst at www.TradeEmpowered.com My Trading Videos: www.youtube.com My Latest Blog Post "Watch Your Position Sizing" tradeempowered.com
Long
by Akil_Stokes
32
GBPUSD: The Week Ahead (Day 4)Yesterday’s news gave us a lot of continued strength in the GBP blowing right past previous structure without a pause it seems. So the question is what’s next? Well going off of the basic price action principles of higher high, higher close, I’m expecting the bullish move to continue. The next stopping point that I have on my radar is around 1.6200 even handle where we have a cluster of Fibonacci extensions, retracements & inversions along with some minor structure (looking far left). Technically the “killzone” is a lot wider than that, but that would be the first area that would cause me to place close attention. Our harmonic move (ab=cd) is towards the higher end of that zone, but if you look left on the screen or zoom out to the weekly, you’ll see we have some pretty decent previous structure throughout Although we’re still a few hundred pips away from that level it’s important that I make that prediction as it’s part of the Identify, Predict, Decide, Execute (IPDE) process that I go through when evaluating every price chart. Now that I’ve predicted where I think the market is going, the next question that I want to ask myself is “how is the market going to get there?” Well, there are two ways, 1) we’ll shoot straight up, or 2) the market will show some relief and we’ll get a retracement back into previous structure. IF the market retraces THEN I’ll be looking for opportunities to hop on the bullish move. I appreciate all of the kind feedback on this “Weekly Follow” idea that I’ve been trying out this week. It’s been pretty fun to do, and we all need some fun in this stressful field we work in. I’ll see many of you guys in my Live Room in an hour or so, and for the rest of you, it’s Thursday, so that means be on the lookout for my weekly “Weekend Review” video www.youtube.com Akil Stokes Chief Currency Analyst at www.tradeempowered.com
Long
by Akil_Stokes
45
Selling CableSeeing today's high test bar close rejecting a past level acting as both support and resistance within close proximity of a Fibonacci cluster (38.2% and 50%) drawn from two previous swing/cycle highs and rejecting the falling trend line for a third time highlights this end of day set up as a potential selling opportunity. Recent lower highs and lower lows signal a continuation of this new forming down trend after price failed to rally higher in the bull run up to May.
Short
by amanpaulbhogal
5