AUD/NZD: Buy Trade'll Be Ready Very Soon Watch To Know The EntryThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Buytrade
Looking For Bullish Entries In Crude OilLooking For Bullish Entries In Crude Oil
Looking For Bullish Entries With A Take Profit Of 43.70 As Market Is Now In A Long Term Retracement And Will Try To Hit The 100% level Of H4 Fibonacci Retracement. But If Market Crosses Below 39.90 The Bullish Possibility Will Fade And Market Can Go Down. If You Plan To Trade Than Use A TP Of 43.70 With A Stop Loss Of 39.90. It Is A Position Trade And Not Suitable For Intraday Traders And Scalpers
Looking For Bullish Entries With A Take Profit Of 43.70 In H4Looking For Bullish Entries With A Take Profit Of 43.70 In H4 Timeframe
Looking For Bullish Entries With A Take Profit Of 43.70 As Market Is Now In A Long Term Retracement And Will Try To Hit The 100% level Of H4 Fibonacci Retracement. But If Market Crosses Below 39.90 The Bullish Possibility Will Fade And Market Can Go Down. If You Plan To Trade Than Use A TP Of 43.70 With A Stop Loss Of 39.90. It Is A Position Trade And Not Suitable For Intraday Traders And Scalpers
GBPUSD BUY - middle bollinger band, blue moving average is nicely pushing price to go up.
- it is in a downtrend UNTIL it broke the trend line, the middle bollinger band and the BLUE MA confirms it is a buy.
-**Not shown in the picture** but the Ichimoku cloud is also acting as a nice resistance zone. When the Ichimoku cloud is SHOWN then we can see that the clouds changes colors to red to green which gives us another confirmation to buy.
GBPJPY BUY - Price is at middle bollinger band (white).
- Price has broke the trend line.
- Price retested for confirmation to buy.
- Price broke all of the moving average, and is currently just above the clouds.
- The cloud is showing a change of color from red to green which helps for the confirmation that it will buy.
- All moving average and white/middle bollinger band is pushing price up to act as a true S/R zone.
- I am limiting my loss therefore I am setting a safe stop loss.
Brent Crude Update: Fresh HH signals continuation of uptrendBrent is breaking above a recent high to form a fresh higher high, after the price retraced and found buying pressure at the 61.8% Fib level.
A close above $68 sees no significant resistance until the $70 level and above.
We're holding our long position since the formation of the double bottom pattern on June 13.
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USDJPY SIMPLE TRADE OPPORTUNITY BUY ZONE!Afternoon from the UK. After several weeks of a decline as anticipated we have met up with Point B pdf the trendline and a weekly key level of support. On the daily we have a Tweezer bottom in which a hammer makes up the latter part of the tweezer formation. (Read up on the tweezer candles) This indicated to me a pullback/ retracement is due after the sell exhaustion. I am currently 25 PIPS into the this trade with my 1st target being110.600.
EURNZD MULTIPLE UPSIDE SIGNALS Good evening from the UK EURNZD let's talk about these currencies individually. New Zealand Dollar has been plummeting the past week with multiple NZD pairs on the decline with mo sign of slowing down. Again similar scenario with the Euro as you can see in this pair with multiple swing lows respecting the downtrend trendiline. Now rules of a trend line today on the 2nd of April we have a fourth trend line touch. Is the pair exhausted? Do we need to see a break of a down trend? I think so.
What can I see. over the past 3 days we have forming a morning star candlestick formation completing a Inverse Head and shoulders formation with price meeting back to the neckline in which is a strong weekly timeframe key level If we can see a closure above the weekly on a lower timeframe than the daily we could see a break retest continuation crating that longterm extension inverse H&S target around 1.68500. As a day trader you could also use the fibonacci extension levels as intra day targets.
Lisk VS Bitcoin - The UptrendLisk had not so much interest during the past month, while it has been trending down from btc 0.0015 to btc 0.0004, loosing almost 75% against Bitcoin. But now things are looking to change as Lisk found the support at 46k satoshi and then at 52k satoshi. These price levels were rejected cleanly and are confirmed by 327.2% and 361.8% Fibonacci retracement applied to the corrective wave after the downtrend trendline breakout.
After rejecting the 46k support, LSK/BTC broke above the downtrend trendline, then rejected 52k support and today broke above the 200 Moving Average. So far price action shows signs of a strong bullish momentum and most likely Bitcoin will be outperformed by Lisk in the coming weeks.
There are multiple targets to watch, but the first strong resistance is based on 627.2% Fibonacci retracement applied to the corrective wave down after the downtrend trendline breakout. This is btc 0.0015 level, where LSK/BTC already established high on the 16th of November. The next strong resistance is btc 0.02 psychological round number which is at 927.2% Fibs and could go a little higher. On a downside note, only a break and close below the 46k satoshi support could invalidate bullish outlook.
GBPUSD a good longGBPUSD technically shows us a good chance to start buying it.
It forms a divergency, it's candles show that bears quite weak about sending it lower, and so we consider long could have chances to go up to a very long channels high.
Plan A : we but today before the market closes then we watch the market how bullish orientated it is.
Stop-loss: 1.28336
Take-Profit: 1.36497
Profit ratio: 2.64
Plan B : in the case we see further weakness of USD we need to be ready to terminate position and wait another low.
For more ideas visit: mercuriusam.wordpress.com
C Wave Impulse Buy Set For OilPrice action likely to consolidate around weekly resistance at 39.63 before advancing to the next weekly resistance at 49.08 before pushing upwards to 50.68 where the physiologically important $50 oil mark will likely cause the liquidation of long positions and a sharp correction downwards.
Buy entry point at any failure to break before between 42.32 - 41.42
Long on GBP/AUD BUY BUY BUY !!!!Reasons for
-As you can see we have Lower highs and lower lows
-This shows us a clear down trend on the daily Timeframe
-We have bounced from our key level at 2.00000 and have found some bullish momentum
-As you can see we also have our trend line underneath Price
-So essentially we are still up trending on the higher timeframes
-The past day put in a long wick to the downside confirming the rejection at 2.00000
My entry 2.01845
Long On AUD/USD BUY BUY BUY !!!Reasons for
-Firstly we are up trending on the 4 hour
-We are making higher highs so to signify uptrend
-We cleared key level of 0.7000
-We are trading above the Key Level
-We are due for a new higher high and a impulse move to the upside
-We also have come to the trend line and has show Strong level of support
-Also on the trend line we have reacted and put in a Bullish engulfing
-We are showing bullish momentum
Also on the daily we are making waves and impulse moves
We can clearly see a uptrend
All this Put together we are bullish
My entry 0.70950
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 :)