XMR R:R 2.5:1XMR moving up the channel. Partial profit can be take at next fib. Return to ATH possible.
Shorterm
Silver short term buy correctionI would really love to see Silver dropping down to 16.000 or even 15.000 area before it flies!
However the squeeze that is actually going on for the moment is giving us a possible impulse on this correction.
Three possible entries; one if it breaks the small trendline of the current consolidation,
two if it tags the bottom once again, three if you miss both of the previous, once we break the major trendline on the top. In the third case wait for a consolidation after the breakout.
Do not simply buy the breakout. If we don't have a consolidation or a small pullback there is a big chance we still go down.
Your TP should be around previous high at least, 17.500
USDJPY: Trading options for US Unemployment news tomorrow
Analysis for US Trading session (Sept. 1 2017)
The USDJPY trading pair has been heavily based on US news this month. Below is a general outlook to interpret this trading idea.
1 Hour SETUP
USDJPY has been in a range of 108.70-110.70 since around August 16th. After a secondary H4 resistance test on the 25th (marked on chart), the pair dipped to a new low, seemingly breaking out of range.
However, due to consecutive positive US news figures, the pair has rallied back to potentially test a previous high of 110.640.
Since trading has been based on both bigger volatility around US and London session as well as positive US news, I expect the pair to consolidate around 110.000 before reacting to Unemployment figures tomorrow.
WHAT TO DO WHEN NEWS IS RELEASED?
On my chart, I have 2 possible scenarios. They are both in reaction to news so there is no clear trade bias before then.
Price will retest .382 level fib here.
1. Depending on US unemployment news tomorrow,
The pair may continue Bearish trend,
retesting previous trend High's
2. Consecutive US positive data has run out of steam
and doesn't meet forecasts sending, sentiment
bearish. This will mean a 50% retest target.
For option 1, I still say continue bearish trend because on the higher timeframes, the pair is still bearish along with the Dollar Index (DXY). I also expect hurricane Harvey to play a roll in negative US data next month, meaning, my sentiment is still bearish on this pair.
Intraday however, I think a retest of previous (recent) high's are important to either induce bearish volatility, or to confirm the overall trend in general.
Thank you guys for your time! As most responsible people would say... these are my ideas and I am in no way telling you which way you should trade. Please monitor your risk analysis and be careful trading around critical news day's and times. In some situations, although you may see an awesome trade, it might be better to sit on the sidelines and protect your capital if you are at all unsure. Keep those accounts safe!
Remember... You can't go broke staying out!
FX:USDJPY
DJIA/DOW JONES short idea (m30/H1)Dow Jones INDEX:DJY0 formed a bearish Wolfe wave.
Being supported by RSI divergence at m15-m30 timeframe and significant stopping volume at point 5, it appears to be a good sell entry point.
Crossing line 2-4 supported by increased volume should confirm the move South.
Opened 3 positions at 22049/50, SL 22167, TP 21878
GL All!
NZDUSD Short term sellHello Traders,
Price has already moved a lot. Now I'm waiting for a big correction, If the price keeps respecting the upper trendline I will sell for short term.
Good Luck!
Cheers,
Jonas
USOIL: expect a correction wave to come before EXTFIBO 2.0 hit.WTI: expect a correction wave to come before EXTFIBO 2.0 hit.
Details on chart.
USDCAD Short Term Sell OpportunityGood chance of a third leg down towards the 1.30 zone.
W1 - Main direction is down and this could be a great opportunity to join the bears while the momentum lasts.
Until the price reaches the 1.30 zone, any pullback (preferably in double waves) is a sell opportunity for us.
You can apply Forex Triple and/or sRs here (free download links below).
Once the zone we are looking for is reached, we will re-analyze the situation and start looking for buys if a setup presents itself.
NZDUSD Intraday Sell IdeaPair is trading near the top of a bullish cycle. We are looking to short here. Technically we have gotten H1 convergence already and price is now correcting itself. As long as the last high is holding, we can look to sell the breakout of the most recent low and the trend line.
Once the price reaches 0.7000 move the stop loss to break even.
Final Target – 0.6960
TAKE PROFIT FROM NATURAL GAS SHORT-TERM RALLY OF THE TRENDLINEAs i stated on my previous article published on 16th of May i was expected after the 'fake breakout' of the natural gas a retrace to test the ascending trendline at 3,150-3.100$ level because of the reasons both technical and fundamentals mentioned(article attached below).
Now for the same reasons we can profit from a short-term ascending rally as i show to my chart.
It looks like a good oppurtinity to go long as we have trend line well respected.
As we can see we have the sensitive stochastic near the oversold levels that can give us some fuel for another mini-rally.
Also RSI strategy very well historically behaved on natural gas give us some bullish signs for a short term rally.
POSSIBLE TRADE:
LONG AT FIRST TARGET T1 3,300$ PER MMBTU STRONG RESISTANCE
SECOND TARGET T2 AT 3,400$ PER MMBTU STRONG RESISTANCE AND 61,8% FIB RETRACEMENT
STOP LOSS AT 3,050-3,080$ PER MMBTU AT EMA100 AND 38,2% FIB RETRACEMENT
THANK YOU FOR SUPPORT
HAPPY TRADING GUYS!
AUDUSD: Bat PatternA bullish bat pattern has form. This could bring price up one more time before a big down move?
My previous 2618 post trade is no longer valid.
Let see!
VIX beginning to trend upwards..This is not a cry to long VIX by any means, but it seems we are off the lows having had the lowest implied volatility in the first quarter of 2017 EVER recorded. Realized volatility was the lowest in 40 years.
What is does tell us though is that the rally is fading, uncertainty growing, and the key level to watch is the fresh low set by the S&P500 week before last.
USOIL - Short Term Long & Long Term ShortOil looks to be forming a wedge shape on the daily chart, which looks to indicate that USOIL will go up towards 55, before shooting back down to around 43.
Looking away from the chart, the macro outlook here is uncertain. There are some concerns around the supply in the market, and a lack of buy-in from non-OPEC countries in terms of a deal.
Quick trade if 61 % is breakSet a sell stop. (with the exact TP and SL ) and wait.
This is just my view on the market. Not a Financial advise. Make your own analyse
and feel free to give your opinion.
GBPUSD: BuyThere are a few buy setups. I am looking for this pair to retest the high before a move down. Therefore I will be trailing my stops instead of taking traditional targets.
AUDJPY short term sell 2618 tradeafter doubletop and breakdown i now placed 2 sell orders at the 0.618 retracement.
both have stoploss 10 pips above the doubletop.
one has take profit at the "0" (86.70 something) and the other at 86.40.
all this is high risk because we are in a correction after an impulse up but with the orders you can have everything automated.
after the first target is hit move stoploss of 2nd trade to breakeven.
do not risk more than 1% of your trading account money on these both stoplosses together!
green arrow drawing shows my forecast for that correction and its end that is likely to be resolved to the upside.
this is not a trade call you are responsible for the stupid things you do ;)
have fun and good luck all!
Bulls have returned on USDMy previous count had the EUR USD about to complete the 5th wave of an Ending Diagonal with a new high made at 1.08298, followed by a 5 wave impulse to the short side signifying a trend change.
This is supported by the same pattern seen on USDCHF and DXY which are both correlating pairs to the EURUSD, so I expect the USD bull to return at least till the end of March.
Current Wave: Sub wave (iv) of a 1 is in play as an expanded flat terminating at 38.2%. As wave 2 was deep, rule of alternation has been applied.
Next Wave: Wave (v) is currently in motion with sub 1 and 2 complete
Forecast Wave: Wave (v) termination forecast is around 1.06400 where you would take profit.
Feel free to comment and share your thoughts
AudJpy (30Min) GartleyThere is possible gartley pattern on the 30min chart,
if it's complete we will open 2 positions,
Tp1: 38.2%
Tp2: 61.8%
If it hits the first target we move the stoploss to breakeven!
Shorter term buy, possibly, lets see! Update on previous idea, made some pips off the sell setup, showed bearish action but broke up! Watching for this buy set up! :D
USDJPY Short term correction ,240
hello guys,
We are on 240 chart, in a corrective wave
i am waiting for the completion of wave (B) in blue , there might be a good chance to go short, target is 115.200
Note : Its not an advice to trade its only a suggestion ,
Please if you agree or disagree hit like or leave a comment ,
Good luck all
