Yearly Pivot Break the Trend?Will the Yearly Pivot break the trend for the USDCAD? If not, id expect new highs.
Point
USDJPY: Perfect short with stop at 113.02 - target 101USDJPY: USD pushing up against resistance here and a perfect shorting opportunity with a stop close by at 113.02 with a downside target at 101 in two more waves of selling over the Spring
EURUSD HEAD AND SHOULDERS A PIVOTEURUSD just broke the neckline of a head and shoulders pattern. Pair is also pivoting off a yearly and quarterly pivot point cluster. Only obstacle is the yearly pivot level, if that breaks, I expect the head and shoulders measured move to happen which will also fill the GAP many FX brokers have on their charts. Yearly pivot could act as a pullback area to the neckline.
USDCAD May finally hit the 618USDCAD has twice tested the 50% retracement level from the high. With new tariffs on canada from the US we may now have the fundamentals to break the level to open the door to the 618 retracement. Price has cleared above the yearly pivot pivot with the quarterly r1 and 50% as the only hurdle acting as resistance. The Quarterly R2/618 level would make a great level for target and also zone for a possible major reversal.
AUDNZD Short BiasAUDNZD, Pair hit quarterly pivot with confluence on yearly quarter pivot. Pair is pushing down from a morning star . The daily appears to be oversold or approaching it soon. However the daily candle is also bearish.
So, pair is sitting at a support and resistance line. "RED LINE" If your trading this pair, look for a close below it to go short . If that line holds, expect the pivots to break for a up move.
EURGBP Bias long while Yearly Pivot holdsEURGBP, Yearly pivot is holding and pair is oversold currently. I remain bullish while this holds. On a larger picture, we have a what appears to be a very large head and shoulders forming. When the pivot breaks, ill switch my bias. As so should you. However for now, Support is doing its job.
CADJPY Divergence setting in and pivot pointsCADJPY Divergence setting in on the STOCH and RSI. Pair currently sitting in on the yearly mid pivot and the quarterly S1. If pair breaks back above the dark red line id expect the pair to move up to the 82.25 level. If not, hold your trade for the long around 79.65. These are zones, not concrete barriers.
AUDCAD Bullish BiasAUDCAD, Bullish bias while above the Yearly quarter pivot above 1.0270. Pair is overbought on 4h chart and expect a pull back. The pair is not overbought on the daily chart with room to the upside.
NZDUSD Swinging off pivots??NZDUSD has found support on the Monthly and Quarterly Mid Pivots. If support holds looking at mentioned targets on chart.
usd/jpy (((forecast))) pivot point (breakout)open short if the price action breakout the daily pivot point
((this is not a trade recommendation it's my view i have no response if you lose))
WTI for BUY H1 at the point 53.55at the first blue line: if candle breaks, so make a BUY.
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don't order for the real account. just for a demo-test.
Inflection patterns early timing indicator of inflection in WTIinflection point
This study is not complete, and it is not intended to be yard art, but I lack the tools on my TV to better illustrate for now. These few days should demonstrate the idea.
While looking at the ytd overlay of wti to Dxy, I found that the overall pattern in sync with wti. When reviewed at 15min I could see a direct corresponding pattern in wti & dxy. I did not look for % of move or overall movement range, but rather corresponding inflection points and direction. The chart clearly shows those matching inflections occurred in DXY about 10min before WTI.
This is not to say that dxy and wti track or mirror.. they both have their own future. I does tell me if I will see an inflection on next 15 min candle in WTI.... I think ? I doesn't say size of inflection, but in general .05 changes in DXY with pronounce marked change in wti. ( 10 min early)
I wish there was a tool to better illustrate.. I'm sure there is, I'm just old & slow.
I will track and update... good luck
USDCHF Watching price action for sell break up possible I am USDCHF for short term sell. If price hold potential reversal point then i will look for short. In case price break up then it will change the structure in that case i will look for buy.
EURUSD bounce back from strong support area- The price is bouncing back from a strong support area made of a support area, S2 of my pivot points and the 1.272 retracement.
- RSI and Stochastic are oversold on the 4H chart and were oversold 2~3 hours ago on the 1H chart
- Still playing around with the Fib Time Zone, the bounce back is around the 8th retracement, we'll see if that means anything
- Buy stop set up between my Trend Line and the 1.000 retracement level
- S/L 20 pips below the 1.272 retracement
- T/P on the .786 retracement level
EURCAD possible Bullish Gartley PatternWhat I see :
- Currently in a downtrend after bouncing off R1
- RSI is about to pass below 50
What I expect :
- Price will keep going down until it bounces off my support area around the .786 retracement level of XA then shoot back up
What I'll do :
- I will wait for the price to cross the .500 retracement level and go short with a stop loss just above the .382 retracement and watch for the bounce at "D"
- Once the price bounce at D, go long with stop loss just below the .786 retracement and ride the uptrend until the .382 retracement at which point I'll decide either to close my position or depending on the price action, only close half of it and see where that leads me.
AUDNZD Bullish Gartley PatternAfter a 3 weeks downtrend looks like it's going to reverse.
- A bullish gartley pattern where "D" is flirting with the Bollinger Band and S1 of my Pivot Point
- I'm nice reversal pattern pattern of the candlesticks
I'm going to go long on Monday as soon as market open, My stop loss is set just a few pips below D. For now my take profit is in the middle of my support area, this might change based on the number of Building Approvals for Australia and NZ. Either I'll set a trailing stop or I'll close half my position and see where the other half go.
GBPUSD Short Bat Harmonic Pattern with good price resistance.Everything on the chart, good luck to you all.
Markets playing tricks with my pivot points!!So after the market reached those fresh highs past 1.1400 handle the polls were still in favor of Bremain.
Thankfully I decided to abstain from referendum craziness so I didn't take the buy order as I would've in any other day of the week. Now we have breached lower levels we can have a bit more confirmation on the direction of the markets. I'm looking for congestion around 1.1100 and breakout to the initial move. I placed a pending order but that doesn't mean that you should too. Past results do not guarantee future performance. Thank you for any comments.
USDCAD EASY CHART PATTERN TOOLUSD/CAD is bullish by the way ;) By using the Point & Figure Chart can easily help you make easier decisions on finding support and resistance. As you can see on the 60m chart for USD/CAD the pattern along with price movement breaking out can't get more prettier to look at. If you are new to Point & Figure Charts I would suggest doing some homework. They can be very helpful.
NZDCAD SHORT (sell off)Look at jumping in on this down trending market at 0.8775 level if price can break below...
Price has retraced, testing new Resistance, now looking for the signal to short this market.
Stops @ 0.8793
Good potential reward on this set up,
1:2 initial targets, further targets @ 1:4 + if market continues to show bearish momentum.
USD/JPY Analysis And Update 1Day Chart !!! Judgement Point...?According to dailyforex: Yesterday’s signals were not triggered as none of the key levels were reached...
USD/JPY Signal Update
Yesterday’s signals were not triggered as none of the key levels were reached
Today’s USD/JPY Signals
Risk 0.75%
Trades may only be taken from 8am New York time until 5pm Tokyo time.
Short Trade 1
Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 110.00.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Long Trades
Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 108.43 or 107.57.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
I would take a long position for long-term if you going with 4hours chart or below wait for the decision point and then enter
eur usd finally did something !!! eur usd finally give us something to do ! it breack down from the high of the long term range the pair have been stuck in for a long long time , for the moment as china news latedly as been better than expected but the next day , week will be imo very interesting as we will see how much the usd the corellated to china news ! so either very good play pull back sustain and we are a go to the back of the range around pullback not sustain and the long term range would be finally broken by the top wich would be interessing !
Short GBPEUR Looking into this bearish market, focusing on this daily trend... Shorting @ 1.2575 if price can show me further bearish signals.
50 point stop
100+ point TP
