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BTCEUR Seems like we are in the mittel of the Range BTCEUR Seems like we are in the mittel of the Range
AUDNZD Short term intraday review of current possibilities On a 1H chart we have a bullish pattern (hour must be closed as is)
Currently At daily pivot
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bullish PA patterns to begin with at 1.0570
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments.
Your likes are much appreciated."
Short term intraday review of current possibilities EU
On a 1H chart we have a bearish chart pattern (In case if the hour will be closed as it is of lower)
Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 1.1045
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments.
Your likes are much appreciated."
USDJPY Short term intraday review of current possibilities
On a 1H chart we have a bearish chart pattern
Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 120.55
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart"
In my honest opinion, when intraday trading, if opposite - directional price pattern appeared, then there is no need to hold further, as a better opportunity is possibly coming. so closing a trade might be a good idea.
"Any questions are welcome!!! just write down in comments.
Your likes are much appreciated."
EURCAD Short term current viewShort term intraday review of current possibilities
On a 1H chart we have a bearish chart pattern
At daily pivot
Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 1.4435
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments.
Your likes are much appreciated."
EURJPY Week review, Trading plan for a begining of the weekIndeterminate direction of price as no clear signs has been given by the last quarter's closure.
Last Quarter's close is below 5MA what gives a bit more power to bearish signals
We have a bearish chart pattern (Quarter)
Price is currently at 50% Fibonacci retracement area
in a relation to previous swing Down
Will look for a bearish long-term entry setup (based on Quarter chart, using lower leverage and wider stops, this type of trade will be left open for up to a quarter) at around 133.75
Currently none of the major chart patterns appears on weekly chart
Price is currently at 61.8% Fibonacci retracement area (Filtered to weeklyy timeframe)
in a relation to Previous swing UP
Will look for a bearish short term entry setup (based on weekly chart, this type of trade will be left open for a few days) at around 133.75
On a 1D chart we have a bearish chart pattern
Price is currently at 61.8% Fibonacci retracement area (Filtered to 1D timeframe)
in a relation to Previous swing UP
Will look for a bearish short term entry setup (based on 1D chart, trade will be left for Hours, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 133.75
In conclusion, all the levels I mentioned are based on a current market activity, but everything can be changed within seconds, however based on a review that is done, I will be looking for a selling opportunities coming week.
Natural Gas monthly - Aug 18Axis line became support. 2.55 - is a very strong support-since records began. It truly looks like the bottom.
Let the red line break 2.976 and then let it be tested to see if it became the support or not n then go long.
It could really be a long of lifetime. However, if we break 2.55 then it's just a lost cause n short with both hands.
Make sure a clean break is done though.
Stop loss could be around 2.50- I don't suggest stop loss cause everyone has different loss taking capacity but in this
case it will be a lost cause to might as well get out.
EUR/GBP: Chart of the weekLast week chart: 2 WINS
Profitable pullback ( I don't trade these pullbacks )
Profitable movement up ( I made 95 pips )
We had a bearish engulfing candle on the Weekly chart + finished on friday with a shooting star candle, that closed under the resistance level of 0.712. This all happended after a break of the previous TL ( which can now be seen as the CTL) , since we bounce now for a 3rd time of a new,validated downwards TL.
I would like to see a test of the lows this upcoming week.
EURGBP The Bias Of The DayThe GBP had a 1.5%-1.8% rally today and it needs to retrace if it want's to keep up this upmove. Euro on the other hand has been going down (fx eurusd) and is looking like a potential long especially if the us unemployment is worse than expected. Currently I am expecting just a pullback to 0.236 fib level.
Technically:
The price is at a support level.
And if you would squeeze the chart you could see that it is also a multiple fib confluence zone.
The position:
I haven't yet entered but if it the price reaches 0.7233 before retracing to approximately my target I will probably buy.
Event risk:
Economic calendar
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