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GBPUSD SKACAPITALAnalysing the weekly and daily time frame we have price hovering and being rejected at key level (61.8% Retracement) However looking at the daily time frame we have divergence and oversold on the RSI. Key Confluence for downside target of 1.157500: - 200 EMA acting as magnetic support - Key structure level - Key retracement level. If price breaks below the trend line the next downside targets would be 1.5200 then lower. If price breaks above 1.6000 then the next target would be 1.6500. For day traders on the opening of the market price may reach 1.6000 so careful when setting up the trade. If you are a swing trader stop losses should be above 1.6000.
Short
by SERGENAYTUG94
GBPUSD SKACAPITAL Price on the weekly and monthly chart demonstrate price being at a key level (61.8%) retracement. That being said as seen on the daily time frame we have divergence with oversold on the RSI. On the opening of the market (for those day traders) price can reach 1.6000 then we may begin to see bearish PA. Our first downside target is in confluence with key structure, 200 EMA and key retracement. Target one being 1.55700. Once this level has been met we can expect a retracement or continuation to the upside. So if price does reach our target and retraces to 1.57500 further analysis must be conducted to understand if it is just a retracement or if the upward movement will continue. As explained on the chart if 1.6000 is breached our next target would be at the extension 1.618 Price level 1.6500. If you are selling from current price stop losses should be places above 1.6000 for swing traders. If you are a day trader stop losses should be set accordingly.
Short
by SERGENAYTUG94
EURJPY SKACAPITAL Have a bearish Crab formation with bearish candlesticks on the weekly time frame at key resistance. Our first downside target is 137.000. Once this target is met our next target would be 134.850 then 133.400. However, once each target is met PA confirmation is required to hold onto the positions. We have lower highs which represent bearish momentum. For day traders the first target could be 138.150. If you are a swing trader stop losses should be set 140.830 or (Safest 141.350) If you are a day trader stop losses should be set accordingly.
Short
by SERGENAYTUG94
1
CADJPY SKACAPITALCan expect a retracement up to 100.350-100.500 on the opening of the market then a continuation to the downside to targets of 99.900, 99.400 then 98.750. Once each target has been hit PA must be analysed before keeping positions. However, on the opening of the market price can also continue to the downside without an retracement. We must wait for the opening session. (NOTE: If price breaks and closes above 100.500 price can reach 101.000 to give us a triple top.) Once each target has been met, we must confirm price action before keeping positions. Can enter a half sell position on the opening of the market with a stop loss around 100.750 then look to add to the positon once PA is confirmed at the retracement level. If Swing Trading stop losses should be around 100.750 (Safest 101.030) If day trading positions could be adjusted accordingly
Short
by SERGENAYTUG94
GBPUSD SKACAPITALGBPUSD our psychological target is 1.6000 within this year. However our weekly outlook is to 1.5300-1.5450. If price breaks above 1.52850 then we are looking to enter at 1.52900 to our first target of 1.5300 then to 1.5400 with a stop loss of 1.52650. (HOWEVER PLEASE CHECK CANDLESTICK FORMATIONS ONCE EACH TARGET HAS BEEN MET). If price breaks below 1.52535 then price would decline down to 1.52250-1.52000 where we would be looking to go long from with a stop loss of 1.51850. Targets still being 1.5300-1.5400. (THIS SCENARIO IS MORE THAN LIKELY).
Long
by SERGENAYTUG94
POTENTIAL MARKS & SPENCER (MKS.L) SHORT SELL @564, 558, 551The brilliant thing about good news in stock trading is that it opens up opportunities for both bulls and bears. Bulls want to jump in on the hype (along with the herd) hoping that some other bulls jump in right after they do so that they make money. They expect to buy and hold because the company is seen to be in good shape. Bears, on the other hand, look for areas where supply overwhelms demand. They want to short sell to these bulls. In other words, borrow from a broker to sell to those who want to buy. Then buy at a lower price to return to the broker. Usually, there is good news just as price reaches an area where institutional supply overwhelms demand. Therefore, the bears wait on the bullish run to pounce. Here we see MKS.L rising quite well over the past few weeks. Business must be good. The FTSE100 is beginning a rally back to 7000 and so everything is rosy. Marks and Spencer also happen to have broken their 14 quarter run of declining earnings this quarter. This is fantastic news. Investors buy stock based on this "news". Excessive demand causes prices to open 4% higher on April 2 (Late April Fools' prank). This rally, which presumably profited some in the short-term, drove straight into an area where willing sellers were in their numbers. We know this because price fell dramatically from here the last time (in 2008). If there is still plentiful supply, price should now fall to at least 530.00. Entry was missed at 555.70 on this one but hopefully there is a retest of that area before prices fall. Orders were placed on the M5 chart to allow risk of 2-3 base points.
MShort
by _mightymanny
USDCAD: keep watching 1.1917 area for a top.Hi guys, USD/CAD is the pair that is on my watching list for this week and is very interesting. The level that I am watching is 1.1917 which can a trend line from 07/2013. Also lets keep in mind that the H&S has already hit target and looks like we are in 5 waves up in this pair. Time for correction or reversal? I don't know, but thing is for sure, if he gets around 1.1900 will be very interesting and I am try short with tight Stop loss.
Short
by dcm2020
XAUUSD : After The Storm (4H Analysis)Dear Traders, Last week have been very profitable for traders who where long about Gold. We've started the week with a big selling pressure after a long week-end where people were doubting about gold overvalue. This strong sell has broken all stop loss tickets. Now that this storm pasted we are able to see more clearly what is going on'on Gold. We are actually bouncing on the long uptrend support with a MACD bottoming which give us a strong buy pressure prediction. In add, after some rumors about gold electronic price manipulation, a new instance in London is trying to get a "fix" for gold and silver price. The new London Gold Market Fixing Limited organisation is changing price calculation to get the current market rate of contracts for physical delivery of the metal. AFP said "Some analysts believe however that the market price of gold, which is driven by investment and jewelry demand, could climb as a result of an overhaul". Best Regards, Serge Bonaparte
FX:XAUUSDLong
by Mirandole
3