unique4x

unique4x Jun 23, 2015

USD/JPY is an uptrend over the past year and although we expect a period of consolidation this pair is one to watch. A breakout of this consolidation period, one way or the other will warrant action. We will be taking a long position with a break of 124.170 or a short position with a break of 122.330. Either position will have a risk of approximately 180 Pips. ...

unique4x Jun 23, 2015

The Australian Dollar may be readying to turn lower against its US counterpart after prices put in a bearish Three Inside Down candlestick pattern. A daily close below 23.6% Fibonacci expansion at 0.7715 exposes the 38.2% level at 0.7632. Alternatively, a reversal above the 14.6% Fib at 0.7766 clears the way for a test of the 0.7813-18 area. We will be taking a...

unique4x Jun 23, 2015

The British Pound advanced against the US Dollar as expected but a bearish Evening Star candlestick pattern hints a turn lower may now be ahead. Near-term support is at 1.5794, the 50% Fibonacci expansion, with a break below that on a daily closing basis exposing the 38.2% level at 1.5647. Alternatively, a turn above the 61.8% Fib at 1.5941 clears the way for a...

unique4x Jun 19, 2015

USD/CAD is forming nice Gartley pattern on the 4H chart. This pair is setting up nicely for a Gartley pattern which may complete down at level D. Since level C was somewhat shallow we have increased the D level as sellers may have more control over buyers in the short-term. We will be buyers around 1.20400 with a stop-loss of 140-150 Pips. If level D holds...

unique4x Jun 16, 2015

GBP/USD is forming nice AB=CD pattern on the 4H chart. This pair has exceeded its C target setting the stage for a move to point D which will at least 100% of the A-B move. The B-C move should never exceed 78.6% of A-B, with that said we will set a stop of 100 Pips which will be slightly more than the 78.6% threshold. It's very well possible point D stretches...

unique4x Jun 15, 2015

AUD/CHF forming nice AB=CD pattern on the 4H chart. This pair has hit its C target setting the stage for a move to point D which will at least 100% of the A-B move. It's very well possible point D stretches to 1.272%, 1.382%, 1.618%, or even 2.618% of the A-B move. We will trade it conservatively and exit near the 100% level of 0.72600.

unique4x Jun 12, 2015

USD/CAD forming nice Gartley pattern on the Daily chart. This pair has come close or has hit all of its A - C targets setting the stage for a move to point D which will present a very solid buying opportunity.

unique4x Jun 12, 2015

USD/JPY forming nice Gartley pattern on the 4H chart. Point C should retrace anywhere from 0.382 - 0.886 of the AB move. Prices have already hit the 0.382% shown by the blue line. If prices start to pull in from here to reach point D we will be buyers. We may see prices move up to the 0.886% level first though so it's a pair to watch for sure.

unique4x Jun 9, 2015

EUR/CAD creating a wedge pattern on the 1H chart. We will be taking a long with a break of 1.40400 which will be approximately 20 Pips above the top wedge line. If this pair breaks lower we will be taking a short with a break of 1.38200 which will be approximately 20 Pips below the lower wedge line. Our algorithm is pointing higher with a 92% chance, more...

unique4x Jun 9, 2015

AUD/JPY creating a wedge pattern on the 1H chart. We will be taking a long with a break of 96.040 which will be approximately 20 Pips above the top wedge line. If this pair breaks lower we will be taking a short with a break of 95.350 which will be approximately 20 Pips below the lower wedge line. Our algorithm is pointing higher with a 86% chance, more info...

unique4x Jun 8, 2015

USD/CAD is trading below the resistance at 1.2570 (04/15/2015 high). Support can be found at 1.2368 (06/02/2015 low). Nonetheless, we do not see the stronger hourly support at 1.2305 to be tested anytime soon. In the longer term, the break of the key support at 1.2352 (02/03/2015 low) indicates increasing selling pressures, which favors further medium-term...

unique4x Jun 4, 2015

The trade Long or Short GBPUSD. This pair is forming a nice wedge pattern on the 4 hour chart. With the BoE interest decision coming early Thursday morning we are not sure which way this pair will break, but it will break out of the wedge pattern. We will be going Long with a break of 1.53750 or Short with a break of 1.517000. Our stop will be the ATR.

unique4x Jun 2, 2015

The trade: Long EUR/GBP & Short EUR/JPY. A nice correlation trade is setting up between EUR/GBP & EUR/JPY. The spread in the correlation is currently 400 Pips, over the past year the max spread has been approximately 500 Pips. This pair has a correlation of 70% over the past year and 88% over the past 6 months. We will be taking 1/2 our intended position...

unique4x Jun 2, 2015

A nice wedge pattern is forming on the 4 hour chart of EURCAD, it's actually forming with two different lower trendlines extending to different times. This pair could break either way although our algorithm is indicating a move higher. We will be ready to take action on a break of either the higher or lower trendline by 10-20 Pips. A trade can be taken with a...

unique4x May 28, 2015

Watch USDCHF for a break out of a forming wedge pattern. Our algorithm has not confirmed as it's calling for a period of consolidation on the 1H chart. Price action will ultimately determine which way we trade this pair unless the algorithm gives us an indication ahead of time. We would like to see prices at least 10 Pips above the top wedge line or 10 Pips...

unique4x May 28, 2015

Was hard to tell which way EURCAD would breakout of this wedge. We were leaning to the upside as our algorithm was pointing higher BUT ultimately we needed to see price confirmation. Once this pair broke above the upper wedge line by +10 Pips we were able to confirm our algorithm and take a long position. Keep in mind this is only the 1H chart and it should be...

unique4x May 20, 2015

The Trade: Long CAD/JPY & Short GBP/JPY The correlation between these two pairs is 77% over the past year. The widest the spread has got over that time is about 800 Pips. Currently these two pairs are 620 Pips apart. The GBP/JPY has enjoyed a nice run-up lately which may be stretched, bumping up against some near term resistance. With that said we will be...

unique4x May 20, 2015

20 May USD/JPY Daily 21:03 EST - Has this pair finally broken out to the upside? With the break of 120.250, clearing the red trendline is pushing this pair up to the 120.870 resistance level. Clearing here, while probably difficult should allow this pair to make a run at 121.850 - 122.000 levels set in Mar & Dec. We will be buyers on any pullback while...