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EUR/USD potential move to the downside.There is a potential move to the downside on the 4 hourly time frame. This one looks pretty obvious to me with the Cypher pattern and trend break in the vicinity together with confluence on the pound. Many traders will put their stops in the same place so there is a possibility that the price may spike up a little past 1.07800 before falling back down therefore it is best to wait for confirmation on the lower time frames (1hr/15m) before selling. This approach will also improve R:R. There is around a 4:1 R:R on this and around 150+ pips to be had if we can catch it. Use good money management and best of luck!
Short
by Maxun
US Dollar IndexUS Dollar getting ready for the next big move to the upside. It has been in a uptrend since May of this year, last big move happened after election day retesting the 50EMA, breaking the resistance trend line and 100.25 resistance that has also been resistance since March of 2015. Then found resistance on 102.00 for a pullback since election day. It already broke out of the 1H downtrend resistance and now retesting it. My goal is not to tell you the entry points, since every single individual is different and entries varies. But pay close attention to the market (Especially EURUSD) to start 2017 in the best way possible :) Any idea, constructive criticism, addition or disagreement are welcome.
TVC:DXYLong
by vPurger
GOLD, XAU/USD, DAY CHART, SHORT (18-DEC-2016)Note: Gold, XAU/USD Congratulation to those who short this trade as per our analysis last week. Overall, we are still bearish on this pair! There are 3 trading plans for this trade: 1. There is a weak pullback sit on 1134.x level, if bearish signal appeared, short it with right risk amount 2. If the pullback continue, wait it touch the 20-EMA and short it after a bearish signal appeared 3. If the pullback is quite strong, the price might approaching the resistance zone near 1169 level, we need to wait for strong bearish signal to short!
FX_IDC:XAUUSD
by YongLiang
2
NZD/USD, DAY CHART, SHORT (18-DEC-2016)Note: NZD/USD follows our analysis last week. Congratulations to those who short this trade as per our analysis. Overall, we remain bearish on this pair because of the potential "Extended Head & Shoulder" setup appeared. Now, we have 2 trading plans for this pair: 1. Wait some little pullback to the support line at 0.698x level and bearish signal to short with right risk amount 2. Zoom into H4 or H1 chart to look for pullback to 20-EMA and bearish signal to short with little risk. Overall, it is a high risk to reward trade!
by YongLiang
4
GBP/AUD, DAY CHART, LONG (18-DEC-2016)Note: GBP/AUD follows our prediction last week. We remain bullish on this pair. There are 3 trading plans for this pair: 1. Zoom into H4 chart, there is an immediate resistance line at 1.715x level, wait for price correction or pullback to 20-EMA and bullish signal to long 2. Wait the price pullback to support zone and bullish signal to long 3. If the price breaks the immediate resistance line at 1.715x, wait for weak pullback to the resistance line and bullish signal to long!
Long
by YongLiang
AUD/JPY, DAY CHART, LONG (11-DEC-2016)Note: It is a potential Break Setup. There is a strong resistance zone at 86.2xx area. We need to pay attention whether this pair able to break this resistance zone. There are 2 ways to trade this pair 1. If the price able to break the resistance zone, wait for pullback to the resistance zone and bullish signal to long -Can long after breakout with small lot size -Can long after breakout followed by weak pullback to the resistance with small lot size -Can long when the bullish bar appeared after the pullback with right lot size 2. If the price bounce back from resistance, can long when the price touch on the 20-EMA followed by a bullish signal bar. (little chance)
Long
by YongLiang
NZD/USD, DAY CHART, SHORT (11-DEC-2016)Note: -Recently, NZD/USD breaks the upward Trendline -Besides, there is a formation of Lower High- Lower Low-Lower High formation. There are 2 ways to trade this pair: 1. Currently the price goes up and touched the upward Trendline and followed by a bearish bar. It might be a signal to short with high R/R of 1:2. Can enter this trade but only small risk recommended. 2. Wait the price to move higher to touch the upper downward Trendline and another bearish bar to short. This trade can trade with right risk and lot size Caution on the FED FOMC Meeting on Thursday, a great volatility is expected!
Short
by YongLiang