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EURUSD POTENTIAL DOWSIDE TARGETSOn the daily time frame we have a possible 5-Elliot wave formation, with the 5th impulse on a 1.217 extension. Price is currently sitting around the monthly and weekly resistance level (1.200). We can possibly trade the correction wave to the downside on PA confirmation. We have multiple possible trade setups for different strategies and styles of trading. We have our weekly trade and possibly a trade setup that will run between two to four weeks. This is only a trade “IDEA” our trades will be only executed on price action confirmation. If price does break and close above 1.200 and hits our stop loss we can possible see price extend to the 1.618 extension (1.2300); we will also seek further shorts from this level on PA confirmation.
Short
by SERGENAYTUG94
EURUSD OUTLOOKLooking bearish to the downside to cover the gap (Gapfill) inline with the daily + Weekly 61.8% retracement + POSSIBLE CORRECTION WAVE. First downside target being 1.07750, however a management target should be considered around 1.10300 (Red dashed support). Once this level is broken the bears will gain further momentum. Our second target being 1.0500. However, once our first target is met management must take place. Stops should be placed around 1.13500. If price breaks above this level we can see further bullish momentum. This is only an outlook, trades will be conducted according to strategy and risk/money management. ***TRADE AT OWN RISK***
Short
by SergenAytug
GBPUSD POSSIBLE SETUPS As you could see 1.24050 is holding as key support level. We have strong bullish candlesticks sitting on the 200 EMA (Magnetic Support) presented on the 4 Hour timeframe. The UK government is confident with brexit. We can possibly see price reach 1.2700. Our long entries will be triggered on the break above the trendline and the red dashed level (1.25400); entries will be confirmed on bullish PA. If however, the charts project strong bearish PA at this level we may consider setting up a short setup. Our longer term trade setup will be the possible short setup around 1.2700 to our downside targets outlined, 1.23500, 1.22500 then possibly 1.2000. However, the short setup will also be confirmed on bearish PA. Our stops will be places above the Weekly/Daily Resistance zone around 1.29450. ***TRADE AT OWN RISK***
Long
by SERGENAYTUG94
FTSE 100 - Short term sellSince the vote on Brexit, the path taken by the index is fairly obivous. The impulsion started at the end of June then is followed a period of consolidation from beginning of August until the end of 2016. The new year started with a serie of new highs when the index reached 7341 The daily graph shows some sign of a reversal with a recent cross of the MACD, a momentum about to go into negative territry and a clear downtrend on the RSI. These indications open the way for a short term downtrend. This feeling is confirmed by the weekly chart, showing a nearly perfect Marubozu, sign of a reversal in investors' mind and displaying an obvious sellers' dominance. - Short term, close long or open short to get the opportunity of the index going down until its trend (or 50) near the 7,000 mark - Mid to Long term, the uptrend still prevails. - A break below the 7,000 points would confirm the short term short position and initiate a short position. - On the contrary, a rebound would be a good entry point for a long position
FX:UK100Short
by gbattini_STA
GBPUSD SKACAPITAL Looking short on this pair as the previous day candlestick closed as a strong bearish marbozou. However, on the open of the market we can expect a pull pack up to the 4 hourly 50-61.8% level (1.23500). If price breaks above the bearish trend line we could expect price to move up to the 61.8% daily level (highlighted by red box). As traders we must understand nothing is guaranteed. Therefore its about understanding the key levels whilst adopting key money management strategies. As you could see we have 3 trade setups. THESE ARE NOT CONFIRMED! These trade setups are just ideas, we would await PA confirmation around these levels. If they do look bearish then these tradesetups would be set up accordingly.
Short
by SERGENAYTUG94
AUDUSD SKACAPITALIm already short on this, however, as seen on the chart I believe the outlook is still short. Only longs would be analysed on the break above the trend line. Our longer term target would be 0.7000-06900. However, as you could see we have multi trade setups. They are just their to remind me of potential entries (adding on to my trades). Once each target has been met price action must be analysed. The longer term trade setup, ideal stop would be 0.74300 to cut out fundamental manipulation. However, i would like to be out of the trade if the trend line is breached, ill look for a re entry if my trade is stopped out by a false movement. Please remember, this is just a forecast and money management is key.
Short
by SERGENAYTUG94
NZD/JPY Sell off resistancePrice action on this pairing is giving us so many good opportunities to make solid trades off of such a clean channel pattern. With Long term resistance remaining essentially breach-proof during this consolidated bear/flat channel since the beginning of February, the time to trade it short off the D TF is right about now. My stop loss is even with the previous uptrend's candle wicks. (75.925) My profit target will be triggered if price can fall to 74.835 That is a risk/reward ratio of exactly 1/2.3, and would provide a profit valued at 74 pips.
by AlexJaensson1
GBPCAD | Fibonacci & EMA Analysis - Potential SELL SideGBPCAD 1. Inverted H&S 2. Rejection from EMA 100 3. Price stop right by Fibo 0.618 4. Weekly Currency Cross (CSS) Bearish #GBPCAD 1. Inverted H&S 2. Rejection from EMA 100 3. Price stop right by Fibo 0.618 4. Weekly CSS Cross: Bearish Estimations: - As long as we dont experience bullish breakout on the new week open day, we will look for bearish breakouts for our entries. Daily Free Analysis with Education: telegram.me Daily Free Signals with entries and exits: telegram.me
Short
by ForexEZ