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Keylevels

Continuation to The DownsideOverall move is still bearish. But what we're looking at right here with this mini trendline is confirmation of a continuation to the downside. I only see two possible areas where it can still bounce up before rolling back down as a swing trade. I looks like a possible double bottom formation could happen to create the bottom of a bearish harmonic, then continue the short. Or it can shoot back up close to the overall trendline before returning down. And YES, I do believe we are going to see a return to the weekly level for my max TP. BULL TPS: 0.94094 If breaks through... 0.95180 for bearish harmonic 0.95521 to prepare for next drop BEAR TPS: Based from current trendline at price... 0.94527 0.94227 0.93688 From the possible harmonic... 0.94904
by NikaJourney
Continuation for the ShortMy harmonic was too small apparently for last week's markup because it created a bigger one off the weekly for a 140+ drop. So marked it up for this week analysis. The bearish trendline is major respected thanks to the long wick rejection from the 1.51498 area. Price even broke through a solid support level at 1.50138 to confirm we are in a downtrend. Looking for a pullback to 1.50138 or monthly zone in red before continuing further down. BEAR TPS: 1.49906 1.49292 If breaks though weekly... 1.48805
Short
by NikaJourney
Direction Depends on Respect or Reject of CountertrendlineThis was a slow moving pair for the last couple of weeks. It got a mini jolt late last week, so let's see will it continue further down, or just find the strength to keep on climbing. Looking for multiple tests on the counter trendline to see if the price will breakout for the return to the weekly, or respect it and keep tumbling down to the daily level and bottom of the wedge below. BULL TPS: 111.834 112.125 If price breaks out of top overall trendline... 112.564 112.938 BEAR TPS: 111.055 If breaks out of bottom overall trendline 110.703 110.273
by NikaJourney
Continuation off Bullish HarmonicThis one depends on if price will support or breakthrough monthly support/resistance and trendline to determine clear direction. Would like to see the harmonic fully respected all the way to 1.502034. If monthly SR and trendline broken, looking for a target tp around 1.492892. BULL TPS: From the monthly SR area... 1.50823 1.51084 1.51332 1.51498 target tp 1.52034 BEAR TPS: If the monthly SR and trendline is broken through... 1.49906 1.49292
Long
by NikaJourney
NZDCAD SHORT ORDER IMMINENT! 0.91800Good evening from the UK. Its been a while since I've posted a trade on NZDCAD. Reason being the price was moving sideways for a considerable amount of time. 0.9100 was acting as a Physiological key level which was rejected a break above for around 2 months. the previous restiance has beeb broken and is now acting as a support barrier for the pair. We have now spiralled into a uptrend channel. creating good swings higher highs and high lows. before a touch of my trendily to the upside for a first touch i have some major barrier in the way. The blue Horizontal line at 0.9250 is a monthly key level which should hold price up in the short term. The week closure for NZDCAD was very bullish therefore the bulls may not be finishing yet however I do see price pushing a few pips higher and being "overbought and retrace a good 80 pips minimum before any upside momentum. Guys after 1 week of good research and understanding I've done a lot of back testing and implemented the RSI indicator into my trading. Im not going to tell you its main functions thats for you to find out. You finding out will be beneficial for your trading growth and development if new to the market. RSI indicator signals a sense of the pair being exhausted, oversold and expecting a correcting to the downside. Lets see how this goes. Have a great week of trading.
Short
by Travis_duncz
Waiting for News to Determine Price DirectionUSDJPY is in a multi-day range, which means that the breakout will last for several days as well. All JPY pairs have been bullish for a moment. Bouncing against trendline several times, so a breakout is due this week. But which direction? News for USD will move this chart fully beginning Tuesday's New York session. So not trading this until Tuesday morning. (I'm really hoping for a sell) Possible Tps if a sell: 110.366 110.087 109.809 109.489 Possible Tps if a buy: 110.964 111.324 111.947 112.125
by NikaJourney
Bull market - what bull market?In the screencast I show hard evidence from the chart refuting media reports which say that a bull market on Wall Street is back. This evidence is available to everybody. There has been a bull rebellion over the lat 4 weeks but that doesn't mean that this is a bull market - at all! If you're a forex trader or stock trader this is important. Why because what happens on Wall street affects currencies and stocks all over the world. I am clear that I do not recommend trading a weekly time frame to most people. The situation on the weekly is relevant to most of us who trade on much lower time frames. So yes - I'm shorting on lower time frames (which is not a recommendation to others).
OANDA:US30USDShort
by Captain_Walker
4
WALL STREET: Key levels and outlook for the next few weeks.I overview what are some of the possibilities and probabilities over the next few weeks for Wall Street. I compare again the current situation with that of around 2008. Preliminary action on small time frames on Weekend Wall Street, do not look exciting for a trip north on Monday. We shall have to wait and see, as Mr Trump often says. I do not know what's going to happen. Nothing here is a prediction. Nothing that happened in 2008 rules what may happen the near future.
OANDA:US30USDShort
by Captain_Walker