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Winner

NZD/USD OUTLOOK LONGS FAVORABLE.NZD/USD OUTLOOK. NU finally broke above the 0.68736 level giving us a nice break retest this week. Added a fib retracing to the 78.60% level. Will be watching closely on market open for a pull back to execute a long to D2 extension (61.00%) level witch also is confluent with historical resistance 0.72315. If we do not see a pullback and my trading plan is not fulfilled we will simply stand aside and watch are prediction develop. Please check are Second post on NZD/USD Weekly for further confluences to the upside. Discipline is crucial stick to your plan.
Long
by MFX_Signals
EURUSD: TRIANGLEOn FX:EURUSD , the market not trending on hourly chart. The price formed triangle (it can be pennant in the 4H bars), it means not bears nor bulls are in control the price. It is consolidated and we have to wait the perfect moment to see who gets the control and trade on their side. In this point, wait for the breakout confirmation and then enter. ----------------------------------------------------------------------------------------------------------------------------------------------------- Trading Books Online - www.trading-library.com Top 10 Forex Brokers List - www.best10forex.com
by Art_of_Trading
3
Short On USD/CAD SELL SELL SELL !!!Reasons For -We are now down trending on the 4 hour chart -We always want to trade in the direction of the trend -We are making lower lows and lower highs -We are trading below key level at 1.4000 Which we broke with a strong downside move -If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level -Sign of retrace Over ? -We have put in two dojis in on the 4 hour time frame -We have also come to our trend line that is acting as Res and also showing signs of bullish weakness So if we put all those together on the 4 Hour time frame we are extremely bearish If we look at the daily -We are also making new lows and currently in a new forming down trend The trend is your friend -The biggest confluence for me is we have broken the previous higher low on the daily when the uptrend was in affect we have come lower then the previous higher low Which also signifies a change of trend and direction -So after all the bullishness over the past couple years isit over ? well for now we are in full affect to make a new lower low in this current trend which is at 1.3500 Heads up Remember guys this pair is heavily influenced by Oil so it is a more risky pair to trade but in terms of technicals it is a great setup :) Also my entry is very aggressive id recommend waiting for a strong bearish candle on the 4 Hour time frame to confirm more confluence and be a strong selling setup as it confirms our momentum which is bearish So id Recommend waiting but if your a risk taker like me join me lol ;) Only 65 pips Risk well worth the risk with a great Risk Reward of 1:6 :) Trade safe My entry 1.38897
Short
by ARFXC
38
Long On AUD/USD BUY BUY BUY !!! (Risky) Reasons for -Firstly on the 4 Hour time frame we are up trending -There is a major trend line above us so therefore i believe that is prices next level before any bearish movement -We are making higher swings after coming down to our Trendline below price which is acting as support -We have clearly seen a reaction from this trend line acting as support as you can see we have bounced of with a very Bullish candle ! -We also trading above major key level of 0.7000 so best thing to do on the 4 hour is to buy Anyways like i said this trade is more risky simply because on the daily and higher time frames we are in a strong downtrend. Until we break the trend line to the upside then i will look for long term buying setups But i would be very careful of this setup guys as the best thing to do would be to sell but i will be looking to sell in the near future Also its a small stop loss of 30 pips which is extremely low risk :) My entry 0.70555 Trade safe guys good luck RISKY TRADE SETUP !
Long
by ARFXC
32
Long on EUR/USD BUY BUY BUY !!!Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We have also priced in Higher HIghs -Although waiting for a break of the triangle formation would be the best thing to do i am more then willing to take a risk and only give away 50 pips if its Stop loss and if it hits Takeprofit then we will make a nice gain of 140 pips Key risk management and risk reward is KEY :) Remember History repeats itself My ENTRY 1.08434 GoodLuck everyone ! Happy trading :)
Long
by ARFXC
30
Long on EUR/JPY BUY BUY BUY Reasons For -We formed a triangle formation having multipale bounces on either side -We broke to the upside -We have got our retest which is key in my strategy and has put in bullish movement -Price has put in bullish hammer and then followed by two strong bullish candle clearly showing momentum to the upside Daily -We can see 3 bullish candles we are in the direction of the momentum which is key -Todays candle is looking like it will form a bullish hammer (Sign of bullishness) -Lots of long wicks too the downside which signifies more buying pressure Weekly -Price 2 weeks ago put in a doji -Last week price put in a bullish engulfing -On weekly timeframes when a engulfing happens it is a strong confluence -All these signs identify for me a strong buy setup :) My entry 128.465
Long
by ARFXC
6
Short on Aud/Nzd SELL SELL SELL !!!Reaons for -Firstly we are forming a triangle -We have just bounced of the trend line with a bearish engulfing -Also a bearish hammer has been put in place -We also tested this area a on Thursday and rejected this zone there fore i believe it will do so again Price action leaves clue in structure :) If we go to the daily Timeframe we can see -Lots of long wicks to the upside suggesting more selling pressure -Price bouncing of trend line acting as Res This setup aint the best simply because we prefer setups that include breaks of trendlines or triangle formations etc but it will do as theres not alot going on in the market and lots of news about altho its a good setup just not as many confluences we would like our entry 1.07731 Happy trading :)
Short
by ARFXC
1
Long on EUR/GBP BUY BUY BUY !!!Reasons for - We are clearly up trending - We are putting in higher highs and lower highs - We are getting nice swing highs and structure - Previous 4 hour candle was a bullish hammer (Bullish candle) - We have nice long wicks to the downside which signals more buying power - We are above key level of 0.75000 Daily - We put in a huge Bullish engulfing last week Friday - Today we are forming a bullish hammer of the Daily candle - We are riding the trend which is bullish - Remember the trend is you're friend weekly - We have had 8 bullish weeks in a row the momentum is to the upside which is clear to see - on the weekly we cleared major level off 0.75000
Long
by ARFXC
Riding the bullish momentum of the USDCAD - daytrade/intradayThroughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im expecting this to go higher with a target of around 1.2800 - around 80 pip profit
Long
by ppp7