Monday
GBPCAD: Reentry after Monday GAPGBPCAD: Reentry after Monday GAP. Entry at 38.2% fibonacci level. SL is ATR.
EURO/USD Monday Retracement Set UpPrice hit resistance at the top end of the 1.14 range where historically gains to the upside have been sort lived and unable to hold.
A retracement down to the 50% fib level where price will likely consolidate pending the FOMC minutes that'll shed a lot more light on the dovish tone set by Yellen last week is the likely outcome for Monday - Tuesday as bulls can correct price upwards afterwards.
EURUSD: STRUCTURE SAYS SHORTOn FX:EURUSD , the market moves sideways on 1H bars., It is getting close to structure high, which is a reversal zone
1. there is a resistance zone at 1.1146. The price respected those level many times and it is more likely that it will do again. The majority of institutional trades are placed at key levels and sell orders should be there.
2.Trendline, which act as a dynamic resistance.
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EURUSD: Follow the TRENdOn FX:EURUSD , the market is going upward on 1H bars. It makes Higher Highs and Higher Lows, which is an indication of bullish trend. The price are close to previous Higher Low and the impulsive leg is expected. There is a support level at 1.1165. It was acted as resistance and then after broke out, became support. The price respected that level few times and it is more likely it will bounce again. The good entry point to go long could be fibbonaci retracement 61.8%. More conservative traders can wait the market reversal and confirmation bar and then enter. It is expected that this correction leg will be finished soon.
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EURJPY: Go Long (2 Patterns) Monday!On FX:EURJPY , there is no trend on 1H bars. The structure low and support is at 130.154. It seems price reversed there and buying power is expected on Monday.
Moreover, there are 2 harmonic patterns (Cypher & Gartley) which finished their X leg at support zone. Thus, this set-up is a high probability trade to go long. Stop loss should bey placed above support level.
P.S Wait the market to be opened on Monday to avoid any unpredictable moves.
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EURUSD: MONDAY SETUPOn FX:EURUSD , there is an opportunity for SHORT on Monday
1. The price is at resistance zone at 1.0871. Price respected this level few times and it is more likely that it will do again.
2. Trendline (Blue line, dynamic resistance) exactly hits the our reversal zone (red area)
3. Fibonnaci retracment 38% is at the same level.
4. The bars made tweezers, which is also reversal signal.
5. Divergence
These 5 confluences give this setup high probability rate to sell EUR. I wait market to be opnned and then enter the trade. Put your SL above the resistance level. It is important to give some room to avoid spike and noise moves, when the market opens.
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EURAUD: Structure + Trendline + FiboOn FX_IDC:EURUSD , the market moves sides; there is no clear trend direction on 1H bars.
We have a recent support level at 1.5417, the price respect that zone 3 times and it is expected it will bounce again. Moreover, there is a trendline (dynamic support), which exactly crosses our reversal zone, and fibonnaci level 38.2. All those confluences increase the probability of this set-up; it a good opportunity with a nice risk:reward to go long.
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EURAUD: Valid Cypher / Early MondayON FX:EURAUD , the price is in consolidation zone on 1H bars. There was a massive drop as it is indicated on last swing (D leg), but bulls power reduced significantly in the last hours, as there were small doji bars,which indicates indecision of the price, followed by the less powerful bullish bars. Thus, it is expected that the price will do its retracement soon; We can presume those or both 1) sellers are taking their profits, 2) New buyers are stepping in.
In addition to the price actions analysis, there is a valid Cypher pattern and its almost finished It increase the probability of this trade. This is a nice set-up to go Long. Less aggressive traders can wait little longer and wait for extra confirmation.
T1 - 38.2%
T2 - 61.8%
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GBPUSD: Monday Set-up / Follow the TRENDOn FX:GBPUSD , we have seen dramatic fall on Friday. It is clear that Bears are in control of the price, but lets look at a bigger picture.
We have a trending market. It is going upward this month, because it makes higher high and higher low on 4H bars. Also, there is a nice trendline, which is acting as dynamic support three times and it is more likely that the price will respect the trendline again. The price is going to finish its correction soon (retracement); and 1.5306 zone is a good level for buyers to step in and sellers to take their profits. In addition, the fibo 50% retracement exactly hits the same trendline, where reversal is expected.
It is wise to wait for a confirmation, let the market open on Monday and see the reaction and then enter Long.
$XAUUSD Trading Plan - MondayGood time of the day Everyone, just rehabilitated from my seasonal illness, and came back to work, sorry for not posting for a while.
Ok at the moment I'm looking for a retest of 1172 area and is going to enter long at 1135 area, if price action confirms with a stop loss below 1120 area.
Daily Resistance area has been broken, however it's not yet confirmed but my trading plan is around this subject.
Colored fibs are the resistance levels of the most recent downswing, and grayed are the opposite - supports of the most recent up swing.
Not trading actual levels - but areas, so there are a bit more lines then usual.
Any questions, critics, etc - will be glad to comment!!!
Sincerely!!!
IBM Gap up on monday? I have recently being reading a lot of about institutional buying and selling. And this looks like a perfect accumulation phase from the institutions
