GBPUSD - Buying signalsGBPUSD giving buying signals after struggling at 1.2150 and failing to close below.
Targetting 1.2300 before looking for bearish confirmation again.
Entered first position at 1.21870
Usdshort
XAUUSD (4h) Long setup, simple structure trend cont.Simple structure and trend continuation setup.
We have previously strong resistance to, hopefully, act as our support in this trend continuation trade.
Together with the support, we also have a trendline which should add to the case.
..and we also see the double bottom at the previous resistance level.
This pair has been respecting structure and trend thus far, the only signal I needed to enter was the bullish engulfing which is seen on hourly.
We're in, target previous highest close.
Stop loss below trendline.
(Break and close under trendline will invalidate this setup for me.)
EURUSD (60m) Long setupMy clues here are;
ABCD
Confirmed support at previous keylevel.
Keylevel coincides with bullish trendline
Several pointers towards a triangle forming
My stoploss is above 1.05000, lets see if it bites me.
Target 0,618 fib of A-D move, and just below another weaker keylevel.
GBPUSD Long setupAfter our successful short we find ourselves with an opportunity to get long.
Based on;
>Bat-pattern completion
>Trend line (triangle) support at bat D completion
>Oversold condition
>Psychological support at 1.24000
These combined gives me a clear signal to enter.
Target conventional 0.382 fib of A to D (the lowest point)
XAUUSD - A bat shows his face. Time to get longA bat-pattern together with heavily oversold conditions signals me to go long on this pair, with target just below 38.2% fib of C-D leg
Lets see if we fly
EURUSD (15min) Bat completion, opportunity to get longBatman shows himself, giving us a signal to get long together with heavily oversold condition and support area that should provide some ground to reverse.
Order is filled, lets see if we fly.
EURUSD (15min) Long opportunity with batWe have an opportunity to get long with the backup of batman (if he's with us this time). Entering after sign of a bullish rotation. Applying the thought process of a 2618 with retracement to 0.618 fib after a double bottom.
Target 0.382 fib of C-D leg of the bat.
Stop loss just below the lows.
GBPUSD (15m) Buying signal with break above monthly resWe have an opportunity to get long with a break and close above monthly resistance. Historically when this has happened the price has retraced for a brief retest before heading up.
Lets see how this pair responds this time, the risk to reward is big enough for taking the risk (for me).
Do your own analysis, we see lots of different opinions on this pair. I follow the signals that the price action gives me, in the end, the most important factor is being profitable over time despite being wrong every now and then.
XAUUSD (1h) Break of wedge to the upside, long opportunityPrice action is heading towards previous (historical) support level.
Break of wedge to the upside gives me a signal to go long at retest.
Targeting the historical support level.
GBPUSD (15min) 2618 - Long opportunityWe find a 2618 (double top followed by retracement to at least 0.618 fib) opportunity to get long. I put my entry below 0.618 to improve my risk to reward ratio.
Order is pending, lets see if we get filled.
EURUSD (1H) Bat - Short term - Opportunity to get longAdvanced pattern - Bat completing in a clear structure zone where price action have struggled, supported and resisted several times before. We also have a bullish trend line to add to our support, aswell as a previously broken bearish trendline.
Order is pending, lets see if we get filled.
GBPUSD Simple fibonacci and structure trade - LongI let the chart do most of the talking.
But the main ingredients in this setup is fibonacci retracements to predict entry, target and stops together with previously tested structure areas that is of interest for building this case.
Oversold condition together with the 0.618 is my signal.
Lets hope we get filled, and lets see how this plays out.
GBPUSD 15m - 2618 long ideaAnother 2618 hits the radar and order has been filled.
On a bigger scale we have a bearish cypher which favors the sellers, on the other hand we also have a trend continuation favoring the bulls (on the bigger scale).
Nevertheless, 2618 is an entry reason for me to get long on this pair today.
Lets see which side prevails this time!
Declining DollarFollowing Trump's inauguration last Friday the BEARISH tone to the USD looks certain to remain and we've been SHORT SPX500 from 2264 in the belief that this market is overbought and due a correction.
With the USD declining and the Dollar Index heading south, we are expecting more dollar weakness which should boost all USD pairs although not at the same rate. With dovish noises from the RBNZD , the New Zealand Dollar may not advance as much as the GBP so each counties fundamentals need to be factored in.
We are SHORT USDOLLAR Index looking for a move down to test support at 1231. Under that opens a move down to the 200 day SMA at 1210 area.
The US market open will be particularly interesting today.
Silver Target $23....Another Leg Up in Silver is Coming with The Target of $23, Buying Can be initiated around $16.5, Dollar is Showing a big selloff in monthly charts which will fuel this rally, Technically it has retraced back .61 from initial rally, and it looks like a fair level to reenter.
MEDIUM TERM DOLLAR SHORTThe dollar has gone up too fast, too quickly.
Technically:
1) Outside 800-period BB on the 4H chart.
2) Divergence at the 100.2 level.
3) The 100-100.5 region is strong resistance on the daily chart - we were there in December 2015 after which there was a major correction to the downside.
4) Missed pivot point at 95.5 is the target.
Fundamentally:
The promise of fiscal stimulus is the main driver of dollar strength, with a rate hike in December being almost fully priced in to the market (91%). The market is also pricing in further rate hikes in 2017.
However, Trump's policies remain uncertain.
Furthermore, in Dec 2015 the market was pricing in multiple hikes in 2016. These never came. A similar situation might occur now - since increasing rates too soon, too quickly might put pressure on credit and equities.
Global risks remain high, and the dollar will sell off in the event of more global uncertainty.
GBPUSD 4H short-term LONG setupHey traders,
I'm looking to grab a piece from this opportunity.
Reason for entry: Cypher completion D
+
Price failed to close below bullish trendline despite several attempts.
+
Double bottom in area of cypher D closed the deal for me.
Entered long at 1.29800
Target based on 38.2 fib of C-D leg (adjusted for the entire move)
USDJPY - Bearish down to 100.400I'm looking for a rally up into the 103.100 - 103.400 region before shorting back down to 102.000 upon seeing converging bearish signals and the 200ma acting as resistance.
I will close half my position once we reach 102.200 with stops moved to break even, with a view to eventually retesting the previous monthly low at the 100.00 level.
EUR USD LONGEUR USD Long
Break of the 50 EMA, bounce of the pivot point, stron bullish engulfing.
MACD crossing over the 0 line
Trade with care - upcoming brexit likely to play a strong part in the volatility on this pair
TP1 at R2 and TP2 below R3 but still requiring price to make a higher high.
0.5% on each TP
1:2 risk reward
