Buy XAUUSD (4H)in 4H chart:
Broken downtrend line
It's time to break bearish parallel channel
> Buy
Entry : 1285 (Now)
-Stop : 1276 (90 pips)
-TP1- : 1302 (170 pips)
-TP2- : 1318 (330 pips)
Bearish Trend Line
USDJPY Sell IdeaD1 - Bearish convergence, currently it looks like a pullback is happening.
H4 - Price has reached the critical area formed by the downtrend line and the resistance zone. Potential bearish divergence.
H1 - Triple cycle up, price has reached the critical zone formed by the fibo levels of the cycles. Bearish divergence.
We may now look for more evidences of bearish pressure in order to join the bears.
Sell EURUSD (4H)in 4H chart:
downtrend line
overbought in RSI indicator
hidden divergence in RSI indicator
> Sell
Entry : 1.1260
-Stop : 1.1280 (20 pips)
-TP1- : 1.1220 (40 pips)
-TP2- : 1.1170 (90 pips)
GBPAUD Bearish Trend Channel + RSI OverboughtGBPAUD reached the top of the descending trend channel plus the RSI is indicating an overbought signal. This is a perfect short setup to catch some big pips!
Trade Details :
SL : 1.8460
TP 1 : 1.8200
TP 2 : 1.8050
BAC breaking out of inverted head and shoulders on weeklyI think BAC has finally broken out to the upside of an inverted head and shoulders on the weekly patter. In addition, it seems to have popped above a longstanding downtrend line which could give it a significant boost higher.
Sell USDCAD (4H)in 4H chart:
downtrend line
> Sell
Entry : 1.3430
-Stop : 1.3455 (25 pips)
-TP1- : 1.3360 (70 pips)
-TP2- : 1.3260 (170 pips)
in 1H chart:
overbought in RSI indicator
Sell AUDUSD (Daily)in Daily Chart :
Weekly downtrend line
Daily Downtrend line
MA100
> Sell
Entry : 0.7150
Stop : 0.7190 (40 pips)
TP1 : 0.7075 (75 pips)
TP2 : 0.6988 (162 pips)
Last chance to break 0.7
in 4H chart :
Downtrend line
Resistance level
Sell GBPJPY (4H)in 4H chart:
Head and shoulder pattern
4H resistance
61.8% of fibo retracement
Touching top of the downtrend line
> Sell
Entry : 146.35
Stop : 146.60 (25 pips)
TP1 : 145.50 (85 pips)
TP2 : 144.20 (215 pips)
EURJPY SELL/Short PositionDaily Previous LH to LL; Approaching Golden Ratio 61.8
Potential Retracement Point before continuing Bearish Movement
Reaching Daily Supply Zone
Bearish Trendlines in Logarithmic Scale... Defeated !I am going to make it very simple in this publication by sticking to the most obvious and unavoidable visual cues.
But I remind you under this description my "Related Idea" that lists my technical indicators.
I reported in a previous publication, there remained a psychological threat:
THE BEARISH TRENDLINES OF THE 2018 BEAR MARKET IN LOGARITHMIC SCALE.
With the bullish breakout of the ascending triangle predicted in my previous publication, this double psychological barrier has been crossed!
We are not immune to a short-term bearish retracement of this green candle along the secondary downtrend (in red), but the new long-term bullish cycle seems to assert itself more and more... to follow (with inevitable waves of Elliott) the proportional fractal of 2015? (that I simplify you here by a simple line), heart of target of my previous publications!
DISCLAIMER: This information is not a recommendation to buy or sell.
Trust your own judgment, do not follow any "prophet".
EURNZD Buy IdeaD1 - Price broke above the downtrend line and retested it.
H1 - Double wave down, price reached the 100 fibo level, bullish divergence.
Currently price has broke above the most recent downtrend line.
We may now look for more evidences of bullish pressure in order to join the bulls.
USDJPY Sell IdeaH4 - Price is nearing the downtrend line and if we didn’t get a valid breakout here, we may then expect the price to respect this trend line and move lower again. continuing bearish divergence.
H1 - We have a critical zone that has formed based on the fibo levels of the cycles and the H4 dynamic resistance.
We may now expect one more push higher from the current zone towards this critical zone and then we may start looking for sells with more bearish evidences.
Sell USDJPY (Daily)in Daily chart :
The resistance level at 111
Broken support level
61.8% fibo retracement
Downtrend line
> Sell
Entry : 111.00
Stop : 111.30 (30 pips)
TP1 : 110.40 (60 pips)
TP2 : 109.80 (120 pips)
in 4H chart :
The resistance level at 111.1
Regular divergence
EURGBP Sell IdeaD1 - Price reached the downtrend line, if we didn’t get a valid breakout here, we may then expect the price to respect this trend line and move lower again.
H1 - We have a critical zone that has formed based on the cycles and the downtrend line.
Price has currently reached this zone, we may now look for possible sell setups in order to join the bears.
TLT selling opportunity/downtrend continues!!!After TLT failed to break the head and shoulder neckline,the stock is following a second pattern that supports/reinforce the downtrend (Parallel Channel). This is a good setup to either buy puts or close current positions.
SHORT Strong opportunity on GBPJPYFX:GBPJPY reached a critical point today, big resistance at this point as it is an intersection between a downtrend and 50% fibonacci resistance ... we will go down for sure, with an entry on 142.450, a stop loss on at 143.988 (23.60% fibonacci) and a first target at 141.002, a second target at 139.512 and 3rd target at 138.591 ...
AUD/JPY price action, 5 key levels to watchOANDA:AUDJPY
As you can notice recently, price action appears often disconnected with fundamentals. As for example the sharp retracement after the RBA no rate increase announcement or the last retracement in progress despite all news about US-China difficulties to reach a deal.
In other terms, we may say that the Forex market is definitely no longer WYSIWYG (What You See Is What You Get).
For that reason, I am considering very cautiously the current AUD JPY retracement keeping in mind that we will get likely a further impulse in extension to the first one.
% key levels to watch in that 240 minutes chart
USDCHF possible Short opportunityIn the last 2 months the USDCHF has created a Bearish Trendline. The price is now getting close to this Trendline and that sugfgests us that the price might be bouncing down again as it did in the past. Combined with RSI in Overbought condition and the MACD that is starting to form a cross, this makes a great Short opportunity.
AUDUSDAUDUSD - Downtrend Continuation move anticipated from the retracement.
Great opportunity to short the market.
Weekly time frame provides sufficient confluence of the downtrend and retracement raly down opportunity.
4H time frame on the other hand provides entry reason because consecutive bearish candles.
Decent risk/reward ratio with potential with second target.
Just spitballing about DJIClosed under a long-term treadline. Thinking the next wave down is starting. 2 gaps to fill in the 2300 level.
