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Long On EUR/USD BUY BUY BUY !!!Reasons for -Daily we have Had a nice up move now we have had a to a key level at 1.0000 -Also we have had 3 Dojis in a row -Showing obvious Rejection from our key area at 1.0000 -On the lower time frame on the four hour we have had a rejection of a keyFIB level 0.618 level -Also shown a rejection from 1.09500 which is in line with our Fib level and also a strong level for EURUSD -On the weekly we can clearly see we have been stuck in a box range for some time now -And perhaps its time for it to break and finally move higher ? -Essentially we are making Lower highs -We have also bounced of Key trend line which has been in place for many years 2 months ago so this could be the push the EUR needs altho this is a long term view :) I Believe we are ready to go long on a major trend upwards :)
Long
by ARFXC
16
Short On EUR/GBP SELL SELL SELL !!Reasons for -Firstly we have broken key trend line -We have had an area of consolidation -And now we are getting a impulse move to the downside -We also broke constructive structure ! -So selling the impulse to the downside would be a good idea ! -Previous four hour candle was a engulfing that took out Almost a day worth of Price action ! -Altho this is a counter trend move i am trying to catch the start of a new trend which is risky but with a good Risk reward ! it is very worth taking the risk :) -Also on the daily the previous daily candles was a bearish hammer so hopefully we can break this low and then continue lower ! :) Good luck everyone and have a good trading week :) Keep good risk management 1% of account :)
Short
by ARFXC
2
HUGE SELL OFF SELL SELL SELL !!! (ECB NEWS)So as most of you already know it is March The 10Th Which is the date where The ECB come out and speak about Monetary easing, Inflation and Rate cut What am i expecting ? Well as a mainly technical trader it is in my job description as a full time trader to look at Both technical and fundamental in the market. After heavy research into the Fundamental side of things i Believe They will launch a round of Monetary easing or Deploy a Rate cut Why do i think this ? Well Firstly We all have to look at the bigger picture how is the economy doing ? Not so good Top two economies are declining (US and Chinese) In regards to the EUROZONE it is looking even worse especially as many of the countries in the EU need bailouts and are suffering from current economic situations E.G. Greece Italy Ireland All of which are in the euro and are in great trouble Anyways many Investors predict a huge sell of for the Euro as many believe they may be willing to bring out the big News and expand its aggressive quantitative-easing program, introduce a two-tiered deposit system and offer cheap loans to banks. If so then expect a huge decline in the Euros currency as There is a huge imbalance in the Euro at the moment The question why are the ECB doing this well they are taking any drastic measurer to boost eurozone economy and like the ECB boss, Mario Draghi who said the central bank was “ready to do its part” to boost growth and inflation. Fading growth and inflation prospects will force the European Central Bank to review its policy stance And make a change to hellp its growth which of course is its main problem inflation prospects have turned for the worse, raising a credibility issue for a bank that has undershot inflation for three straight years. Which is a big worry So when you put all these factors in based of Fundamentals what does it mean well really nothing until draghi comes out and says it himself and launches Monetary easing or Rate cut's But if they do decide to go ahead with it expect a huge sell of :) For all EURO pairs What do i See based on Technicals ? Well a good thing that supports the sell of is we are below a key level of 1.1000 which is also a nice round number physiological Levels ;) Also after the big rally In February we have almost completely corrected ourself which many traders didn't believe would happen as many thought we would break the consolidation zone we have been stuck in after such a nice bullish move But once again with the EUR/USD price is undecided We seem to be bounce of our key level which also helps in a bias to the downside Anyways This is my view on the EurUsd trade safe guys News is very unpredictable expect the worse and i hope i didnt bore you to much lol Thanks for reading happy trading lets make some pips !
Short
by ARFXC
34
Short on EUR/NZD SELL SELL SELL Overall bias is Bearish -Firstly we have bounced of key level of 1.7000 -we have broke trend line based off 4 hour time frame -We had a small retest -I do believe we will break previous lows -Previous four hour candle was a bearish hammer -A lot of wicks to the upside Off the daily -We can see huge wicks to the upside on the Ket level -Yesterdays candle was a bearish engulfing -We also had a triple top so overall i am bearish on this pair All the best
Short
by ARFXC
1
Long on CHF/JPY BUY BUY BUY !!Reasons for -Long term downTrend Which has been making Lower lows And Lower HIghs And i feel like weve made a new Low at a key area and are ready for a small reversal and correction before we see any more bearish movement -We have hit two KEY trend lines and have shown support and looking like we are getting bullish momentum -As we can see by previous candle we got a bullish engulfing which signifies Momentum -Altho going long is risky as its counter trend i am willing to take the risk and enter long as technicals all play out and looks like a great time to go long to catch the correction you cold possibly wait for a retrace before going long but that for you to decide :) Also my EUR/JPY setup is exactly the same as this they both correlate so maybe split up the risk between the two or pick one of them My entry price 113.85 Remember this trade is Risky simply because its counter trend Happy Trading LOOK AT OTHER SETUP THAT SWITCHES WITH THIS :)
Long
by ARFXC
Short On AUD/USD SELL SELL SELL !!!Reasons for -Firstly on the four hour we are in a area of congestion and sideways -We are making lower high -we have bounced of major long term trend line on the four hour with a Bearish candle -Previous candle was a doji -Also we created a corrective structure to the upside and we have broken it -So we are ready for the next impulse move to the downside -Not only Price action is bearish but also wave patterns are showing bearishness these two together a deadly combo! -We are also trading on the 0.5 FIB level on the lower timeframes Daily -On the daily we are bearish in terms of trend (We are down trending) -This recent move up could be a correction before we see anymore bearish movement and building up steam for a big move down -On the daily we rejected the 0.618 FIB level which shows us the retrace or correction may be over and ready for some bearish movement again -Of course the lower highs are more seeable on the daily (clear down trend) -Also on the daily we got a tweezer top a sign of reversal :) On the weekly -Once again we are down trending the trend is your friend -The past two weeks have been DOJIS on the weekly now we are at a strong trend line maybe time to get bearish candle ? to signify the down move -On the weekly we are getting lower lows which is great but this is more of a long term view Overall im bearish across three time frames i do believe we need to go lower if we do want to see any bullish movemnt if it does come but thats for the future at the moment i believe AUDUSD next level will be 0.7000 Then possibly lower but for now 0.7000 is in sight after we had the Last impulse and corrective structure i think its time for a big bearish move All we can do is wait and see :) My entry 0.70904 1-3% Risk Per trade Trade safe all the best :) If you liked this analysis and Setup Follow and give thumbs up Also id love to hear what you guys think of the setup :) Wishing everyone a great trading Week :)
Short
by ARFXC
8
Long On EUR/GBP BUY BUY BUY !!! (RISKY SETUP)Reasons for -Firstly we have broken a strong trend line -We have bounced off 0.5 FIB level numerous times and its held strong -The previous 12 hours (3 candles) have been engulfed by this past candle -This shows us momentum to the upside -We made a new high and i believe we will test that high if not break that high and make a higher high -We are also up trending On the daily -Yesterdays candle was a bullish engulfing -On the daily the bounce of 0.5 Fib level is more evident -We are very bullish in terms of trend -Yesterday we bounced of a strong trend line a sign of Trend continuation Weekly -We are clearly Bullish on the daily -Currently breaking weekly trend line So the reason this setup is risky is simply my entry is abit late would of liked to got in 16 hours ago but never mind Lets see how this one goes we still have a decent entry All the best with this setup guys My entry 0.78095 1-3% Per trade ! Trade safe :)
Long
by ARFXC
4
Short On GBP/USD SELL SELL SELL !!! Reasons for -On the four hour we have been testing that upper trend line for some time now and price simply aint breaking it -Also we are putting in Lower Highs A sign of change of trend and a reversal -We also have broken our Wedge to the downside which confirms bearish momentum -We have also Held at the 0.618 Fib levels numerous times from the highs high on the up move Therefore i believe the 4 hour timeframe is bearish Daily -On the daily we are clearly in a long term down trend -There alot of wicks to the upside shows more selling pressure -This pull up can be seen as a small correction -After todays candle which is shaping up to close as a bearish engulfing if so A bearish reversal sign -Also price closes bearish it would have engulfed almost 4 days worth of price action -Fridays candle was a doji so this signifies indecision so price putting in a Bearish engulfing gives us the signal that we are going Bears again -We also trading at a key level of 1.45000 that has stalled price and show RES Therefore i believe the Daily is bearish Weekly -Firstly last weeks candle was a doji on our key level of 1.45000 -Yes i no we are only 2 Days into the week (Tuesday) But if this week carries on being bearish we could be looking at a long term selling setup But we will wait for that to happen -We are clearly down trending on the weekly The trend is your friend ;) -So the bullish movement we've had over the past two weeks could be a simple correction before another move down and create another Leg down -Also we are near all time lows so perhaps we are going to test that again before anymore bullish movement (LongTerm) Therefore i am bearish on the weekly too My Entry : 1.44350 3 Timeframes all bearish :) Only 1-3% of account proper risk management Trade safe If you liked this analysis and Setup Follow and give thumbs up Also id love to hear what you guys think of the setup :) Wishing everyone a great trading Week :)
Short
by ARFXC
30
Short On EUR/JPY SELL SELL SELL Reasons for On the 4 Hour -We have been bearish since the trend line putting in nice big bearish candles -We have broken our counter trend line -We also have nice long wicks on the upside -This shows me there is more selling pressure On the daily -Firstly this is a long term trade -We can see price is down trending on the lower time frames Always go with the trend -Price has come to our major trend line and bounced of as trend line is acting as Resistance -Price put in a doji almost right on the trend line then a nice big bearish engulfing -This clearly signifies to me there is alot of selling pressure at this level -Also we have been putting in lower lows and lower highs (Clear down trend formation) Price has always reacted from this trend line so i dont see why it wont again also following the trend this is a setup i like nice and high probability So is it possible to put a new lower low ? and make it all the way down too next key level off 125.00 My entry 131.045
Short
by ARFXC
26