Forex-analysis
audnzd longaudnzd long
audnzd is now in uptrend
create new high
breakout consolidation
trendline
breakout downtrend line
take profit arround 100pips
EUR/USD to continue bullish momentum? We are currently sitting at a super key resistance level at 1.18404 and depending on how the price action reacts to this; could see us either come back down to our support level at 1.17170 or continue the bullish momentum and head towards 1.19094. To conclude my overall bias for this week is neutral but i am keeping a very careful eye on the next move for this pair on the 4h timeframe.
USDJPY Short, 17-20Showing that this coming last quarter of the month is the remaining shoulders of this year of the pair. I believe that there will be at least two positions to instant buy due to the previous months and SMA. I believe that going short on these will provide the best risk management lowest of 1% , if wanting to go long for the duration will mean larger margin effort but including more risk.
USD/JPY - SELL ENTRY 111.300 - TAKE PROFIT 110.700@brunowb2 @trader_forex_b2
USD/JPY - SELL ENTRY 111.300 - TAKE PROFIT 110.700
ENTRY 111.300
STOP LOSS: 111.700
TAKE PROFIT: 110.700
60 PIPS
INDICATOR - RSI
CANDLE 1H
#FOREX
Looking to long AUDJPY with reversal candleOn higher TF PA is above 200ema. Now market is in range and I am looking to long if the next candle in H4 close more than half of the body of previous bearish candle. If price break below the support level this analysis is invalid. 3RR
Uptrend ChannelOn D1 TF EURCHF is still up trend. Looking to long with trend continuation. If PA break out of the channel this analysis would be invalid.
Reward to risk is 5 : 1
#NZDCAD D1 #LONGRisk Disclaimer: This post is not a trade signal.
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Looking to Long EURGBP at Previous Resistance Turn Support LevelPolitical turmoil and uncertainty of brexit negotiation has weighed on pound.
Looking to long at pullback, which is the previous high and also fibo retrace 61.8. So that level is pretty strong.
Reward to risk is 4: 1
USD/JPY- Further Price Analysis Last week we saw price return to the major resistance zone after some rejection late in previous weeks and early last week. Price returned to this zone after accumulation of contracts throughout the week within the range of 113.700- 114.250 and then a push to resistance on the release of negative NFP data (114.250). After the push to resistance there has been a slight pullback off this zone suggesting the strength of this zone and the contracts it will need to break it and push further.
This week there is a good possibility to see further upside based on price action and current fundamentals. The two scenarios how I can see price play out would be (A) a continued retracement to a supply zone or TL followed by accumulation of the resistance zone then a push to the extended upside target zone making a higher high continuing the uptrend. The other option is (B) a strong break of the resistance and a push into the target zone followed by a rejection and a retest of the broken resistance (now support @ 114.250). This seems less likely as it looks like we need some good strength to break this zone as price hasn't traded higher than that since a rate hike back in March 2017. Interestingly enough, fundamentals are strong for the dollar right now as a future rate hike that it almost certain to occur in December is being priced in. Even negative NFP data wasn't enough to bring prices lower. Would be interesting to see price return to the same area for the same type of fundamental event.
Fundamentals for this week include some central banker speeches (USD, JPY, EUR) and a USD bank holiday on Nov 10.
Looking to Long AUDUSD - Fibonacci Retracement 61.8 Due to uncertainty in US tax reform, USD pared gains and based on the chart, market is in range now. However overall, it is still uptrend based on D1. Possible reversal if did not break below Fibo R 61.8
Reward to risk for this analysis is 10: 1
Looking to short NZDJPY on ABCD patternNew Zealand new Prime Minister Labour Party Ardern is implementing new policies such as reducing immigrants can affect the economic growth. Also lack of details in RBNZ cause uncertainty about future monetary policy outlook. So I am bearish on NZD
From the chart, market is actually moving side way (200ema is flat). However, since the election, NZD has dropped significantly and price is below 200ema. There is a downward bounce (ABCD) formation. I am looking for pullback and short at previous low.
Reward to risk for this analysis is 5 : 1
USDCAD Testing D1 200emaOil price continues to rise as US inventories data fell and OPEC remain firmed to cut oil supply. Oil price is correlated to CAD movement so my sentiment is there could be a sign of reversal if market cannot break above 200ema on D1.
Looking to short if H4 retest at 200ema or form a LH and LL to short. FTP to at Fibo R 50.0%
If price break above 200ema this analysis will be invalid.
The reward to risk for this analysis is 5: 1
Just a simple trade idea of a head and shoulder formationThe head and shoulders pattern that could possibly form from just a technical standpoint. I am by no means an expert on trading, I am still learning. I'm just practicing ideas and documenting them to further my understanding on chart analysis and techniques in the forex market. My goal is to find patterns to train my mind and my eyes in what to look for technically. my drawing skills are shocking too, so just a heads up.
Looking to Short GBPUSD on Bear Bat PatternIf tomorrow BoE rate decision see a rate hike, it will push gbpusd up to 1.5000. However, my sentiment is that it will not be a long-term bull as Brexit talks is still a concern that that affect UK economy adversely. I looking to short on Bat formation at Fibo R 76.8
Reward to Risk is 10: 1
If price closed above 1.3655, this analysis will be invalid
EUR GBP bullish gartly patternA nice gartly pattern is forming. wait for the .786 or the .886 retracement on point D before placing longs. SL below X. TP on the .382 and the .618
