Cosmic_Trader_

Cosmic_Trader_ Updated 

The weekly long-term GMMA (orange) for this pair has very recently made a bearish cross after a long period of compression. During this period, the weekly short-term GMMA (blue) has been pointing down and the group of blue EMA's have been well spread, only showing periods of weak compression. This information indicates that there is a high likelihood that a new...

Cosmic_Trader_ Updated 

The weekly long-term GMMA (orange) of this pair is starting to expand in the upwards direction indicating that it is likely that an new uptrend is in place and gaining momentum. Meanwhile the weekly short-term GMMA (blue), that tracks the behaviour of traders, shows a bit of compression, indicating that traders took profits from the price move from the low of...

Cosmic_Trader_

Motives: - Blue group of EMA's well spread and pointing down; - Formation of a bearish pennant pattern; - Inside bar (within the bearish pennant) - trade only in the direction of the trend Entry @ 79.24 SL @ 81.25 Full target of pennant pattern ~ 72.50 or key round 72 level. Trade management: box in units of risk-to-reward ratio. Lets see what...

Cosmic_Trader_ Updated 

The USDSEK has recently made a upwards corrective move, since the down slope move from the highs of the beginning of March, finding a strong resistance barrier around the 8.15 area. The weekly long-term GMMA (orange) since then has been in compression mode, indicating that there is a high probability of a true trend reversal. On the other hand, the RSI(14) has...

Cosmic_Trader_

The USDCAD has been trending down from the beginning of 2016. The long term weekly GMMA (orange) has begin to compress since then and starting to roll-over. On the other hand price has retraced from the lows of the month and it seems that has found resistance on the weekly long term GMMA. Stochastics is on the overbought area and starting to cross down....

Cosmic_Trader_

The EURCAD broke a major up trend line, in place since May 2015. In the last two days, this pair retested that trend line. The Weekly long term GMMA (orange) shows signs of compression and is starting to point down. Putting all the information together, there is a good opportunity to short this pair. Order 1: Entry @ 1.4663 SL @ 1.5050 TG @ 1.3890-1.4000...

Cosmic_Trader_

The AUDUSD has been trading in a down trend at least since the 2013. In February of 2016, this pairs has broken the down trend line in place since September 2014. The Weekly short term GMMA (blue) compressed and turned up. The weekly long term GMMA (orange) started slowly to compress. On the other hand price started to move higher, making ever higher lows, giving...

Cosmic_Trader_

Short opportunity on GBPUSD Weekly long term GMMA (orange) well spread, indicating a high probability of more downside moves. Order 1: SL @ 1.4810 area TG @ 1.4 1:2 risk to reward ration Trade management; use 1RRR boxes Order 2: SL @ 1.48 area TG is undefined Trade management; use 1RRR boxes until order 1 hits target. After, use trend volatility...

Cosmic_Trader_

The GBPUSD pair is currently trading inside a rising channel, after a large drop from the high of 1.5818 on the 25th of August 2015. Price traded briefly above the upper line of the channel andl almost reaching the 76.4% retracement level from the mentioned high. Regarding the long-term Guppy GMMA, on the weekly chart, it started to expand again, after a small...

Cosmic_Trader_

Formation of a symmetric triangle after a long rally resulting from a falling wedge breakout to the upside ( see 4H or daily charts ). Long-term Guppy GMMA well spread an pointing upwards both on the 15min and 1H charts. Two possible situations then: Scenario 1 : Long @ 1139.09 - 1139.80, if 15 min candle closes above this levels after breakout of the...

Cosmic_Trader_

The XAUUSD has recently found support around 1081 level on August 2015, which is the 50% retracement from the low of September of 1999 to the high of September of 2011. On the daily chart, price has managed to form a falling wedge form which was able to break to the upside. By doing so, it also started the process of forming a symmetric triangle. At the same...

Cosmic_Trader_

On the weekly chart, the GBPJPY pair has penetrated the long-term Guppy GMMA, which now has initiated the convergence towards compressions of the EMAs. Going to the daily time frame, the long-term GMMMA has already turned bearish and the price has retested the GMMA, forming and evident rising wedge, a bearish pattern. However, it is interesting to notice, that...

Cosmic_Trader_

On the daily chart the USDJPY pair is currently trading below the long-term Guppy GMMA, which in turn is showing signs of beginning expansion.Furthermore, price recently has formed a nearly symmetric triangle . Looking on the weekly chart, price has penetrated the long-term GMMA, which in turn started to trade sideways and beginning to move towards compression....

Cosmic_Trader_

The EURUSD is trading inside a channel for the last 5 months or so. On the weekly chart, the long-term Guppy GMMA is sill well spread, indicating that there is a high probability that the price is consolidating and further down moves will occur. On the daily chart, the long-term Guppy GMMA is compressed and the price has formed a nearly symmetric triangle inside...

Cosmic_Trader_

Symmetrical triangle down break with subsequent retracement to the break level. However, the long-term Guppy GMMA is still fairly spread, which may indicate that the up trend is still in place. Thus two scenarios may occur: - Scenario 1: Short @ 1.3200 - 1.3210 range Stoploss @ 1.3275 level Target 1 @ 1.3064 level ( 50% of the base of the triangle) Target 2 @...