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Skacapital

NZDCHF OVERALL LONGOverall we are long on this pair through conducting our top down analysis. On the monthly, weekly, daily time frame we have bullish signals. However, analysing the 4 hour window it seems as if the 5 Impulse wave is in play. If the 5th wave does complete around 0.64800-0.6500 we then can look for bearish signals for the corrective wave. However if price breaches and closed above 0.65100 then we can look for further bullish momentum to the upside. We would not be looking to short on the corrective wave until price has breached below the trendilne (Channel). The targets of the corrective wave are just an estimate, once we have bearish confirmation then we can look to set more accurate targets. For now are concentrating on the 5th wave
Long
by SERGENAYTUG94
EURUSD Waiting for the Long TradeEURUSD looking bearish on the opening of the market. All about patience. We will wait for the Long setup for the swing trade and day trade for the short setups. As outlined on the chart we have safety levels set up to help us determine in which way the market will move. If Price breaks and closes below 1.11200 then we can see down side movement to the "D" Extension 1.1000. However, if we see bullish price movement at price level 1.11200 then we can expect a bullish harmonic pattern back up to our achieved target. If this does happen then we would re analyse the chart to see whether it is a good short trade down to 1.1000 or a continuation to the upside. The Final setup would be if price breaks and closes above the 200 EMA and the "Neutral Zone" then we would see further bullish momentum up to our achieved target then possibly higher. I have been stating for months that EURUSD target is 1.2000. However, due to uncertainty and manipulative data I do not know exactly know how long it would take to hit this level. But It is possible for this pair to see 1.1000 once more before it moves up.
by SERGENAYTUG94
EURJPY SKACAPITAL On the Weekly time frame we have a 61.8% retracement with lower high formation and oversold on the stochastic. As you could see on the chart price has breached and closed below the asymmetric triangle. On the opening of the market we can expect price to reach 138.800-139.000 or a straight continuation to the downside. our downside targets for this week are 137.000-136.800 then 136.000. However, if price breaches and closes above the asymmetric triangle then bullish momentum would continue. As visualised on the graph a bullish harmonic pattern was formed the target has already been met but on the opening of the market that same level may be retested before continuation to the downside. For Swing Traders safe stops are above 139.500-140.000. For Day traders, stop losses should be set accordingly.
Short
by SERGENAYTUG94
GBPUSD SKACAPITALAnalysing the weekly and daily time frame we have price hovering and being rejected at key level (61.8% Retracement) However looking at the daily time frame we have divergence and oversold on the RSI. Key Confluence for downside target of 1.157500: - 200 EMA acting as magnetic support - Key structure level - Key retracement level. If price breaks below the trend line the next downside targets would be 1.5200 then lower. If price breaks above 1.6000 then the next target would be 1.6500. For day traders on the opening of the market price may reach 1.6000 so careful when setting up the trade. If you are a swing trader stop losses should be above 1.6000.
Short
by SERGENAYTUG94
GBPUSD SKACAPITAL Price on the weekly and monthly chart demonstrate price being at a key level (61.8%) retracement. That being said as seen on the daily time frame we have divergence with oversold on the RSI. On the opening of the market (for those day traders) price can reach 1.6000 then we may begin to see bearish PA. Our first downside target is in confluence with key structure, 200 EMA and key retracement. Target one being 1.55700. Once this level has been met we can expect a retracement or continuation to the upside. So if price does reach our target and retraces to 1.57500 further analysis must be conducted to understand if it is just a retracement or if the upward movement will continue. As explained on the chart if 1.6000 is breached our next target would be at the extension 1.618 Price level 1.6500. If you are selling from current price stop losses should be places above 1.6000 for swing traders. If you are a day trader stop losses should be set accordingly.
Short
by SERGENAYTUG94
EURJPY SKACAPITAL Have a bearish Crab formation with bearish candlesticks on the weekly time frame at key resistance. Our first downside target is 137.000. Once this target is met our next target would be 134.850 then 133.400. However, once each target is met PA confirmation is required to hold onto the positions. We have lower highs which represent bearish momentum. For day traders the first target could be 138.150. If you are a swing trader stop losses should be set 140.830 or (Safest 141.350) If you are a day trader stop losses should be set accordingly.
Short
by SERGENAYTUG94
1
CADJPY SKACAPITALCan expect a retracement up to 100.350-100.500 on the opening of the market then a continuation to the downside to targets of 99.900, 99.400 then 98.750. Once each target has been hit PA must be analysed before keeping positions. However, on the opening of the market price can also continue to the downside without an retracement. We must wait for the opening session. (NOTE: If price breaks and closes above 100.500 price can reach 101.000 to give us a triple top.) Once each target has been met, we must confirm price action before keeping positions. Can enter a half sell position on the opening of the market with a stop loss around 100.750 then look to add to the positon once PA is confirmed at the retracement level. If Swing Trading stop losses should be around 100.750 (Safest 101.030) If day trading positions could be adjusted accordingly
Short
by SERGENAYTUG94