AUDUSD Forecast and Trade Setup for 28th of Feb, 2014

Sentiment - Bullish

Daily Chart

• Pin bar at support performed
• Which is also the 38.2 from the lows to the recent highs)
• Trading in the Ichimuko Clouds 
• Inverse heads and shoulders 

Hourly Chart

• Inverse Head and Shoulders
• Rejected from Weekly S2 pivot and also trend line drawn

Outlook Trade opportunity

Risk Level LOW

Tips -

EURAUD Cypher Setup for the week 26th Feb, 2014

Outlook Trade opportunity

• at minor support 
• X is also a MAJOR support
• The 78.6 (PRZ) is also near the 161.8 of last weeks high and this weeks low.

Risk Level LOW

Tips -

EURJPY Daily Forecast and Trade setup for the week 26th Feb, 2014

Weekly Chart

Daily Chart

Hourly Chart

Outlook Trade opportunity

Risk Level Medium

Tips -

EURCAD Forecast and Trade setup for the week 26th Feb, 2014

Daily Chart

• MACD negative divergence is spotted
• Monthly pivot is holding very well based on daily candles reaction there

Hourly Chart

Overall trend is bullish, looking for Scalp trades here,
I have one at the 50% retrace and 78.6% retrace

50% Retrace level - 

• Its a overlapping of a 23.6% from low of Jan and this months high,
• Its also a 127.20 fib ext of the highs from this last week
• Look left, its previous s and r

78.6% Retrace level - 

• Cypher Pattern (ugly one though)
• Overlapping 38.2% from low of Jan and this month's High
• Look Left, Previous Resis and Support (however you may argue there is a stronger one at the 100% obviously)

Outlook Trade opportunity

Risk Level MEdium

Tips -

AUDUSD Example of our winning trade with a Low risk high reward entry

AUDUSD Daily Forecast and Trade Setup for 25th Feb, 2014

Hourly Chart

Outlook Trade opportunity

Risk Level - Low

Tips -

GBPJPY Forecast and Trade Setup for the week 24th Feb, 2014

Weekly Chart

• Weekly performed a doji candle - a sign of uncertainty

Daily Chart

• Reached 2 trendlines / potential resistance and rejected from there giving us a pin bar candlestick pattern.

Hourly Chart

While writing this blog, i could see that there WAS a Bearish Cypher on the h4 chart which worked well with hitting minimum targets of this pattern. Anyway, it is too late to play this pattern.

With the Doji from Last week's candle - there could be good opportunity for scalps or range play while the market work itself out for the next move.

Outlook Trade opportunity

Risk Level Medium

Tips -

AUDUSD Forecast and Trade Setup for the week 24th Feb, 2014 - (Bullish Gartley is in play)

Weekly Chart

Daily Chart

Hourly Chart

My View from last Monday's analysis for the Aussie has changed from bearish to bullish. After holding price above the 90 level for majority of last week and price action of Daily Candle, Ichikumo also suggesting we should trade a higher. Also a correlated pair of EURUSD my view is that we will also trade higher, and if so, my view on the aussie matches up .
On Friday I have spotted a bullish gartley and bought it at the 78.6 , we have hit our first target, and still in and looking for above .90's target.

Outlook Trade opportunity

Risk Level Low

Tips -

EURUSD (Cypher Harmonic Pattern coming?) Trade Setup & Forecast for the week 24th Feb, 2014

Weekly Chart

Daily Chart

Hourly Chart

I am still awaiting for this pattern to setup since last week analysis  .  Nothing much has changed, and potential reversal zone / entry zone is still looking likely.  

Outlook Trade opportunity

Risk Level Low

Tips -

AUSUSD Bullish Gartley setting up 

Outlook Trade opportunity

Risk Level __

Tips -

AUDUSD Cypher Harmonic Pattern on the way to completion at good levels

This is my third post on the Aussie today! This is because after such big swings, Its great for quick scalps and also look for hints on where the market might be heading.
I've been able to capture two small pips scalps from my previous post, resulting a 25% gain on my account (higher risk trade than my usual setup)

Whats exciting for this setup of a Bearish Cypher Pattern is that its in the trend of both higher time frame and shorter time frame. 

Shorter time frame (1hr) if you look on the previous 3 days, its been on a up trend. Creating new highs and higher lows, But yesterday you could see we have created new structure lows (lower lows) ,and another low today.  

• Start of bearish trend

Another point is to indicate that at the completion of this pattern / PRZ zone its also at a good resistance area, as well as a Pivot (yesterday's)

• PRZ at Resistance area
• PRZ at Confluence of pivot / fib

So we have very good reason to take a short when price goes there

AUDUSD Levels to watch today 19th Feb, 2014

Outlook Trade opportunity

Risk Level Low

AUDUSD - Hourly chart bearish signal - broken Ichimoku clouds

Aussie is very heavy, and broke through hourly ichikumo clouds, which is a bearish signal.

Tips -

AUDUSD - Trade Setup & Forecast for the week 17th Feb, 2014

The Aussie did fill my short setup and got our 1:1, however it had recovered all of the drop, so where is it heading? 

Daily Chart

• Trading into the clouds
• Next major resistance is the fib level 38.2
• Stochastic Negative divergence

Hourly Chart

• 4hr ichikumo clouds is bullish (daily is bearish and trading in the clouds)
• MACD negative divergence
• The next move for the aussie is important, - as currently we have a minor support at 0.90030, if this holds, we will see further upside, and if it fails, then our bearish targets should be met.

Outlook Trade opportunity

Risk Level __

Tips -

GBPJPY Trade Setup & Forecast for the week 17th Feb, 2014

Weekly Chart

After the pin bar 2 wks ago, bullish momentum respected the price action from the support and stochastic respecting this idea. MACD however is not in the same wave length , and is crossing into bearish

Daily Chart

Hourly Chart

• Currently price is seeing some reaction from the 61.8 level however because this level is too close to the support, i am not comfortable opening short trades unless a quick scalp
• I have two short trades (blue and black), - blue is also a supply and demand trade

Outlook Trade opportunity

Risk Level Medium And High

Tips -

EURUSD Trade Setup & Forecast for the week 17th Feb, 2014

Weekly Chart

Daily Chart

Hourly Chart

Last week my trade setup for short worked very well, For those who followed it had a capacity for around 100pips. However i did not expect the bullish momentum to be so strong for the euro.
Anyways, working what the chart tells us, here is my next trade setup. With the bullish momentum and price breaking through resistance, i won't be suprised for price to hit my sell zone.

This zone has confluence levels of 78.6 fib, 161.8 fib ext, 127.2 & 200inverse fib ext, as well as weekly R2 pivot, they are all within few pips of each other, and three overlapping as well. - You couldn't get much better confluence so this looks exciting. Then when i took a view of the chart zoomed out, what i saw is a cypher pattern setting up - therefore i've drawn in the triangle for harmonic pattern traders to see.

Outlook Trade opportunity

Risk Level - LOW

Tips -

USDJPY Trade Setup & Forecast for the week 17th Feb, 2014

Weekly Chart

Daily Chart

Outlook Trade opportunity

Risk Level Medium

Tips -

US DOLLAR INDEX (DXY) - Forecast for the week 17th Feb, 2014

(Trading into Support?)

*chart says 'resistance' typo - should be 'support'

EURAUD (Trading into strong support again)Forecast and Trade Setup 12th Feb, 2014

Daily Chart

Hourly Chart

The EURAUD is trading into important Support, There is a few things which indicates a long position at these levels

• H4 Macd Divergence
• Flat Kinyo which has a higher chance for price to reverse
• Weekly And Monthly S1 Pivots

For this reason we will be placing long position for an initial target at the 38.2% retrace of down leg

Outlook Trade opportunity

Risk Level __

Tips -

GBPUSD - Scalp Trade setup at a pull back (Noble entry)