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GBPCAD OUTLOOK: BULLISH SHARK TO BEARISH 5-0 CONTINUATIONMy daily outlook on GBPCAD is bearish, but I see one more bounce occurring before bearish PA continues. A bullish shark will potentially be completing at point 4 in a parallel channel. Traders who are short this pair, like myself, may think about taking profit in the PRZ and re-entering after this move is completed. Alternatively, this may be traded as a scalp to grab the pips off the bounce of the bottom parallel. Either way, I expect this setup to produce short term bullish movement before the bearish 5-0 pattern continues to target. Short-term long targets are placed at the .382 and .618 retracements of the shark CD leg. When I re-enter short, I will take profit at either the 1-4 WW target line or the 1.272 5-0 projection, whichever target is hit first. Overall Bearish Outlook: Bullish Confluence in the PRZ: 1. Bullish shark pattern completion 2. Parallel channel support 3. 1.786AB=BC 4. 1.618BC projection Thank you for viewing!
by glennmercer
CROSS CURRENCY PAIRS CORRELATION - ADVANCED ANALYSIS Hi all, I wanted to share this chart with you - I am hoping it works when I publish it and the arrows stay inline with the text - something very interesting we all know about currencies moving in tandem with each other to some degree different economic events causing them to stop moving together but eventually they will again. As a forex trader, if you check several different currency pairs to find the trade setups, you should be aware of the currency pairs correlation, because of two main reasons: 1- You avoid taking the same position with several correlated currency pairs at the same time and so you do not increase your risk. Additionally, you avoid taking opposite positions with the currency pairs that move against each other, at the same time. 2- If you know the currency pairs correlations, it may help you predict the direction and movement of a currency pair, through the signals that you see on the other correlated currency pairs. If you would like more information describing the affects - reply with a short note and I will paste a URL
Education
by Oztrade
45
EURUSD If we take a look at the Monthly chartAs you can see EURUSD has 2 channels to play in on the monthly chart, wich means on lower timeframe charts it still has potential to touch the lowest monthly channel as seen in my 4Hr published idea. If you look at my RSI in the past you see this similar bounces occure. EURUSD might be heading slowly for a Monthly retracement move to the upside after wich it might reach a new bottom around 0.90 as it did in the past and if the bullish channel holds on the low, the EURUSD might come into a bullish stream.
by Vranken
Gbp/Usd Daily Market outlookContext: after a strong rallie price broke a major supplyline, but found resistance @1.555x the correction resulting in that , brought us near the 50% retracement of the rallie, where price now makes another attempt to tackle the resistance level, price formed somewhat near the recent high an indecsion but it resoloved itself to the upside , which is a sign of stenght, if price fails again to takeout the resistance we may form a range with support @50280 and resistance @555x , however a break of @555x is also a major sign of strenght returning to the market signs of strenght: rallie broke major supplyline 50% retracement holds indecision resolved itself to the upside signs of weakness: resistance still holds
by Invezted
Aud/Usd Daily Market outlookContext: After the strong rallie attempt we failed to takeout the recent high on a 2nd attempt (0.8070) and formed a lower high price then retraced somewhat back to the broken resistance , which now holds some minor support, as we formed a higher low, we nolw have evidence of indecision at hands, and the future course of the market will be decided on how that indecision will resolve itself.. breakout to the upside or downside ? signs of strenght: strong rallie broken resistance resistance tunred support signs of weakness: Lower high Indecision
by Invezted
EURUSD Elliott Wave Analysis. Flat Correction CompletedEURUSD has potentially completed the wave 5 of the Flat correction on the higher degree time frame which is Wave IV correction. What this means is that the down trend resumes for the EURUSD and would break the previous lows. USDOLLAR Index is also showing the same chart patterns of Expanded Flat correction giving confirmations. One can go short on this pair with stop loss and targets as shown on the chart. A great risk reward potential on this trade. Please do your own analysis before taking any positions. Happy Trading!!
Short
by SirajHudda
2
GBP/USD: Brearish Outlook.GBP/USD Pair is looking bearish. That's why I still looking for short postion in this pair. 1.4980 - 1.5010 zone is behaive lika a strong resistance for this pair and 1.4850-1.4840 zone is behaive like as strong support for this pair. If break this pair I hope our next target is 1.4698 level, 1.46330 level and 1.44890 level. I hope this pair touch those level. We can take short position between 1.4980-1.5010 zone and out stoploss is 1.5080 or 100 pips. Or we can take short positon after break this 1.4850-1.4840 zone and out stoploss is near swing high point or 50 pips. Lets see what's happen. Best of luck and happy trading.
Short
by fxmentorbd
1
USD/CAD: Bullish OutlookIn H1 TF I found a nice Acending Triangle Pattern, if break this triangle, I think this pair may be go to 1.30 level which is very strong resistance. And this pair is also in uptrend mode. We looking for Long position after break this above resistance line of triangle or after retrece from this resistance line. And put stop loss near swing low point of this pair. Our profit target should be at 1.2950 - 1.30 Level. If usd/cad pair did not break upper resistance line of triangle and return from this level we look for long positon near support line. So, keep eyes on this pair. Best of luck.
Long
by fxmentorbd
This could be the end of Bitcoin's 2014 downtrend! Part IIAfter months of decline Bitcoin has found a bottom at $275 and is trying to move back into the uptrend area at $400 since taking the plane () and after testing the bottom at $315 (). Here is some guidance of where the price is moving in a larger scale right now on a daily chart. Next resistance is $403 and $418. Strong support is at around $338-$339. P.S. If you like my charts, you can leave me a tip: 1PmAnb2htvHnCbwNAxkV7b8XvVQyQ7LQLg Thanks!
BITSTAMP:BTCUSD
by ChartArt
10
This could be the end of Bitcoin's 2014 downtrend!After months of decline* Bitcoin is arriving at a bottom. I see the momentum change to become bullish this week in this area above the Fibonacci retracement where Bitcoin is starting to create a double bottom pattern, if you only consider the real body of 1d candlesticks without the lower shadows (wicks). And BTC is currently at my scenario "B": meaning if the price bounces here it would be a strong signal. If not, then we are in for a new tragic slow downtrend for another couple of months in 2015. * () P.S. If you like my charts, you can leave me a tip: 1PmAnb2htvHnCbwNAxkV7b8XvVQyQ7LQLg Thanks!
BITSTAMP:BTCUSD
by ChartArt
6
Bitcoin Winter 2014/2015 Outlook: Important price areas to watchNew version! I looked at all the original information from MtGox which is still available on TradingView and noticed that my last chart using Bitstamp prices and pivot dates wasn't aligned perfectly with the real pivot price data from MtGox (which shaped the price from 2010 until the melt down in 2014). BTC has still a high risk too fall even more. The pink Gann fan line is now aligned higher than before, above the current price. And I added a three year average price, also in the color pink. As visible in the chart we are already in the red Fibonacci area behind the blue 1.382 Fibonacci trend line. P.S. If you like my charts, you can leave me a tip: 1PmAnb2htvHnCbwNAxkV7b8XvVQyQ7LQLg Thanks!
BITSTAMP:BTCUSD
by ChartArt
4
Back to square one in a few weeks-- UPDATE -- This long-term this risk is still there, but as long as we keep on slowly going up (earlier ) since the massive correction down to $275 then this chart scenario posted here is going to be proven invalid. ----------------- The precise rules of Bitcoin price bubbles vary but it usually involves traders hopping from square to square, missing out the square containing their thrown targets. They go from one to (usually) eight or ten and then back to square one.
BITSTAMP:BTCUSDShort
by ChartArt
2
Bitcoin price doom analysis: Why Bitcoin might crash to $85-$110BTC could go as low as $250 and even $85-$110 is possible. Here is why: My original chart which I made one month ago had the title: "Bitcoin price doom analysis - Why Bitcoin might crash to $333" Sadly BTC is falling even faster than anticipated. BTC is now below a two year moving average price (EMA 720 - the red line) which was at $369! Therefore I'm lowering my most bearish target price from $333 to $100. Everything is possible now. But I hope that BTC bounces at $285-$320 P.S. When I published the chart the price was still higher and I originally wrote: "BTC could go as low as $300-$320"
BITSTAMP:BTCUSDShort
by ChartArt
25
Predicting the next Bitcoin bubble with Stoch RSI and DMI StochObviously the Bitcoin price is currently in oversold territory - meaning the price can still sink a few US Dollar lower, but the price dive shouldn't be as dramatic anymore like it was from $683 to $442 or previously from $1163 to $339. Using two Fibonacci Time Zones interestingly the Coppock curve might reach a low area where the second Fib Time Zone (which started in Summer 2013 at the $63 pivot point) indicates a reversal point on September 14, 2014 (time zone line no. 3). The Directional Movement Index Stochastic and the Directional Movement Index Stochastic Extreme indicators both currently signal a buy cross during the time this chart was published (price at chart creation was $475). P.S. The DMI Stochastic was adapted for TradingView by user TheLark () and user ucsgears changed it to the Extreme version ()
BITSTAMP:BTCUSDLong
by ChartArt
7