Kraken is modified
Few charts for this pair which deserves an attention. Also combined with Kraken and other oracles, could bring some pips. ^.^
Firstly the fork pointing down.
Then 1D breaking lower and lower.
And then, hard to say at this moment whether it is an accumulation zone under contruction.…
If you look at the wkly i like the 3 hills its forming which could yield a nice retracement and a good time to renter,
a friend of mine has been riding it since 1680 so needless to say he is…
Current UCAD Trade 838 Pips Short
USDCAD Basic Chart Patterns, Line Patterns, Support and Resistance, SMA and what they mean to the Technical Trader.
UCAD Daily Chart Patterns
Head and Shoulders sighted = Bear
Rising Channel Sighted = Non Trading Zone…
We have witness a really strong bull market for EURUSD so far this year. So in my view, the market has just reached the 1st half of a bigger move upwards. The market currently refused 1.2 with Head and Shoulders chart pattern, so it is more than likely that some shorting EURUSD is ahead, but caution is required as all market sentiment can revert back to the bull market at anytime.
A strong argument for EURUSD long as described in my comments to Pixta's photo post is also supported from the idea that Trump with Mnuchin want to see weaker USD, because of the US based companies' competitiveness. US Treasury Secretary Steven Mnuchin said moments ago on CNBC that "having a weaker dollar is somewhat better for trade".
In this context Trump said to Germany in May: "If you want to build cars in the world, then I wish you…
The Basic Forex Technical Analysis:
Narrow Sideways Channel and entry strategy thinking along the lines that the market will eventually breakout.
Channel Breaks = Bear Market
Price Action held under 200 MA = Bear
Declining Channel Identified
Current Price Action at Horizontal Support.
NB and some Forex tips for the note book:
The Daily is the Driver.
The Market Breaking out of the channel will have an anticipated target of the length of the original channel formed before breaking out.
50% Retracement Rule will tend apply to this strategy and pattern.
Mid time frame to correlate to the daily. M15 and below for entry/exit.
Follow the Trading Rules set out in the …
Silver and Gold sitting at support, just keep in mind this is weekly chart so it takes a lot of time to develop but again a stronger signal and trade may develop.
GBPAUD Technical Market Analysis:
Main Trend broke the downtrend to begin a bull market.
Currently held at support and resistance which is identified on the Forex chart above.
Smaller timeframes required to day trade or scalp.
Looking for a break of s/r. Will keep a close eye for either direction breakout.
It is possible that a great swing trade maybe setting up. These tend to be the stronger signal for position trades for a conservative trader and larger pip profits involved.
Synchronicity in philosophy is regarded as experiencing two or more events that are causally unrelated but are experienced as occurring together in a meaningful manner. It was first described by Carl Jung in the 1920s. There are various definitions and interpretations of the theory and in places opposed or dismissed but as usual it is best to let the reader decide if and when the theory is applicable or not, naturally based upon their own experiences and lines of thought.
For me at least, Synchronicity does occur if a person was to learn to look for it and directly linking to Forex, the specifics and the importance of targeting this in Price action pattern trading for the Foreign Exchange Markets is a given, i.e A reversal followed by another reversal and a…
Forex Technical Analysis with Chart Patterns, Support and Resistance, Multiple Time Frame Analysis.
EURUSD Daily and M15 Foreign Exchange Charts
EURUSD break long Daily Rising Wedge Pattern - Support 123b 1.0400, plus support 123b plus support 123b, soon after patterns for flat line = NSC in minor TF and breaks long again. Looking for scalp entry long in the minor frames and found through horizontal resistance on daily along with M15 entry pattern.
Current PA breaks the Daily wedge to indicate…
Forex Technical Analysis with Chart Patterns, Support and Resistance, Multiple Time Frame Analysis
GBPJPY break long 1 Hour Channel - Support INV, MC plus MC PLUS DC and support from 139.00 entry on the bounce. Soon After Pattern Ascending Triangle breaks Long again and considered as Long continue.
Patterned for potential Bull Horns at resistance, Support found off previous resistance for Ascending Triangle.
Breach Bull horns = Continue Long
Current hold 300 pips long.
We double topped within this NTZ on the 13 April just below 1.0850 and had 4 attempts to push past the lower bound of the double top (market with pink line on 1 hour chart).
I realised we had a AuD red news event which had the possibility to fuel the move I had already entered.
Entry was taken via 5 sec Head and Shoulders EPR at the previous lower bound of the 1 hour double top (pink line). A sharp move down after the H&S took out some key short term levels on the 1min and 5min, this gave me my entry as shown with the downwards arrow.
Attached are 3 hour, 1 hour, 5 min and 1 min charts. (I wanted to attach the 5 sec…
Currently long this pair from earlier on in the day. The 2 white arrows at the double top area had bears sighted with EPR. I Was looking for a push down past the yellow line in the sand and a failure of the triangle support.
This idea was scrapped and the pair was back on the shelve for a while until I had a clear view. Once we broke out again and retested the 2 arrows price did not reverse hard and make a charge for the last support area. We formed a bull flag, once the EPR of the flag came in my thought we're a test higher and a run of the stops above the white arrows. I had a break out order Buy Stop in place for this move.
Lets see how it plays out.
All the best forexmospherians,…
AUDJPY shorted this Forex currency pair twice @85.27 on 31st April and @83.56 6th April and holding.
Strategy to trade with the H1 Market Trend. Sell on break of swing.
Market Analysis is most Aussie pairs are in a down trend and holding both trades at 305 pips and 134 pips.
Thanks to Sir Gissachance who gave the heads up to short Aussie pairs in his last video. Anyone who pays attention to the detail in these secret Forex coded videos will know what to look for once…
EURCAD 240 pip short and EURUSD 290 Pip short
EURO it really was T.I.M.E. for the mortals to pay.
Forex Live Technical Analysis for this EURCAD currency pair:…
Long (sim) EurAus. Longer term Inv H&S at the low. A larger H&S highlighted in the blue triangle will of brought shorts into the market and stops placed at the traditional right shoulder or above the head. With the failure of this pattern in the triangle (stops getting run) allowed for a decent push higher and good ground covered by the longs.
Currently running 2 positions (sim) long on GbpAus, Inv H&S at the low with a break long, mc and continuation for bull market. The break long in the GbpUsd has helped fuel the push higher.
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