Potential Buy on NZDUSDTwo ABCD moves to Structure rectangle
78.6 FIb Retracement
161.8 & 1414.4 Fib Extension at structure rectangle
RSI OS
0.7000 Underlying at structure
Uptrending trendline on Daily chart
Trigger: Higher High High Close Candle
Roundnumber
USDJPYEntered this live trade.
Sl - 113.900
expecting a 59+ pip decline in the asian session.
TP at 113.00 , we may possibly dip lower , lets see what happens
AUDJPY - Position TradeMonthly perspective for a possible sell trade. Position trades are usually held for months and even years.
Personally as I Swing Trader I don't hold trades this long, but it gives me more confidence when taking short positions on my timeframes.
Buy Opportunity On EURUSDAfter the formation of the Expanding Flat( continuation pattern ), there is a potential for price to push north to the 1.0800( Round no. ). Therefore, buying the flag breakout is a good trade.
Trade with care. Use a strategy you have tested and verified.
6.1.8. Family.
More Than Just Trading.
GBPCHF SellFX:GBPCHF in bearish trend.
D1
-Correction to the round level(1.25000)
-Outside-Bar
-Rejection area around 50 and 61,8% Fibo
H4
-Breakout of the triangle pattern
GBPCADBias on this is long , I am aware there are fundamentals affecting the CAD today , at this moment in time since last nights asian session we saw some slight consolidation , could the fundamental news for CAD today give this pair the extra push it needs to. target is around 1.69500
GoldWith yesterdays huge spike to the upside , price still did not close above the previous 4 months highs , as a matter of fact it even failed to close the previous days high. Projection im very bearish on Gold , im expecting in the next week or so to touch the 1240.00 zone.
EURJPY potential short on gartley completionA few confluences here - gartley completion, AB=CD completion and 117.00 handle.
EURAUD SellFX:EURAUD in bearish trend
W1
Triangle pattern
D1
Correction to the round level(1.45000), which is matches to the 38.2% Fibo
Outside Bar
H4
PinBar
P.S. Sorry for my bad English :)
AUDNZD SHORT TERM ANALYSISAUDNZD has developed a falling wedge reversal pattern and it reached a former support zone, we should see buyers coming in for the next days.
NZDJPY preparing for a potential bull trendWe have multiple technical confluences that show increasing demand @ 70$ (see the chart).
It is too early and risky now to buy, we should stalk closely for evidence of buyers if they take control of trend.
I will stalk this pair in near future and will provide aditional updates.
GBP NZD is preparing his declineMany tecnical factors wich give us a confluence zone :
- 50% Fibonacci retracement
- Channel resistance
- Fibonacci simetry pattern
- 1.81 Round number.
GOOD OPPORTUNITY FOR BUYING COPPERCopper is at an interesting area right now, i am not trading it but like you can see on the chart there are some nice confluence of bullish patterns, divergence and support that can push it higher for the upcoming weeks.
GBPNZD: BULLISH CRAB PATTERN WITH RSI OVERSOLD CONDITIONS !!!Hello Traders,
Here we have a VALID BULLISH CRAB PATTERN on FX:GBPNZD , that is coming close to the completion point. Notice that this pattern's completion point is right at PREVIOUS STRUCTURE SUPPORT ZONE , thus giving giving us extra bit of confidence in trading this pattern. Another main thing to keep in mind is that, the market has already reached the RSI OVERSOLD LEVEL , which is another good point in our favor. According to my rules, the stop loss for BULLISH CRAB PATTERNS goes BELOW the 200% Fib extension of the XA leg. Paying close attention to KEY PSYCHOLOGICAL ROUND NUMBERS , we have got one level right @ 2.33000. Now we are able to hide our stop loss BELOW both the PREVIOUS SUPPORT ZONE and the KEY PSYCHOLOGICAL ROUND NUMBER, 2.33000 . See the chart above for more details.
IMPORTANT NOTE: I posted a BULLISH CYPHER PATTERN idea for this same pair about 13 days ago and unfortunately the entry was NOT triggered and the market just took off from there. I would like to point out that after the big move up, the market was UNABLE to break above the C POINT of the BULLISH CYPHER PATTERN . Thus keeping the pattern VALID up to this moment. So just to let you guys know that, I will ALSO be trading that BULLISH CYPHER PATTERN , since the market is also coming close to its entry point. I'll add the link to the BULLISH CYPHER PATTERN under the RELATED IDEA SECTION below.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
NZDJPY: VALID BULLISH GARTLEY PATTERN WITH GOOD RISK TO REWARD!!Hello Traders,
After a successful 2618 short trade setup, we have gotten a VALID BULLISH GARTLEY PATTERN on FX:NZDJPY with a great RISK : REWARD ratio. Always remember to look for 3 important things BEFORE placing any trade, where's your entry, your exit if you are wrong, and your targets if your right. We know we are entering long @ 81.164 based on the pattern with our two targets @ 81.547 and 81.783. Lastly the most important thing that we MUST have, before even thinking about placing a trade, is the stop loss. For this setup, we are able to hide our stop loss below both the PREVIOUS SUPPORT ZONE and THE KEY PSYCHOLOGICAL ROUND NUMBER, 81.000 . See the chart above for more details.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
High Probability Reversal Zone for GBP/EUR Building a case for entry is the name of the game and this is looking like a great opportunity to get long on the pound against the Euro. At the nice round number of 13900 we have a simple ABCD completion which also happens to coincide with the C-D leg of a deep Gartley pattern completion.
AUDNZD DAILY SHORTIM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000). Another confluence is this trade setup is in line with the fundamentals because the RBA (reserve bank of Australia) said there is a possibly there could be another rate cut in the period ahead.
Level To Watch: #GBPAUD Short the big round number 2.0000Divergence + BRN + waiting for reversal PA to get some mumentum and confirm upcoming down trend for a SHORT.
Keep eye on FTA on previous swing high and target on major support at 1,866
Currencies strenght cross-analyze : AUDNZD double bottom forming shows strengh from AUD confirming our scenario on this one
Cheers
BAH earnings due todayEarnings season can be quite frustrating but with BAH we only have to wait for today's session to close before we can reassess it's worth. The earnings announcement is due before the markets open.
This stock hasn't been trading very long, so is not one I would normally consider. Volume is also low so for that reason I will most probably rule it out - for now. However, if these are not an issue with your trading plan then BAH is worth a look.
During the second half of 2014 a rather nice rounded bottom formed - it looks more uniform on the weekly chart. On the daily chart it appears to have tried a cup and handle but the handle failed. Since then price has retested the previous resistance three times but managed to stay above (with only minor breaches).More recently there was a doji bounce from the daily 50ma.
The measured move from the rounded bottom does not appear to be quite complete but with earnings due today, and the $30 round number not yet cleared, it is worth standing aside until these two issues are past. But longer-term a buy opportunity seems likely.
Long AUDCAD on long-term support and round numberGoing long on the Australian dollar, as it touches base with 2-month support level and S1 pivot point, not to mention the round number (0.97).
I'll be exiting 60% at 0.97250 (Friday's S1 pivot point), 20% at today's high and midp-pivot point as well (0.9770) and keep the rest, in case the pair trades inside the monthly range (0.97 - 0.9950).
I'm using a tight stop loss at just 5 pips so that makes it a generous Risk/Reward trade.
