K.I.S.S -Simple Setups from Comparic.com

Deal between the DUP and May's Conservatives expected within hours !

Important for trading the GBPUSD and crosses with GBP . Keep eye on news regarding this event. May ( Therese ) be volatile on GBP ... I bet 8/10 that cable will jump some pips maybe up to 1.2950 ?

We will inform about the deal and its probable impact on Brexit on comparic.com as soon as we have new information.

http://comparic.com/deal-dup-mays-co...-within-hours/

edited 26/06 13:12
UK PM May - her statement post-deal with DUP 26 June:

1. DUP will support Conservative govt on Queen's Speech vote, budget, Brexit and security legislation
2. agreement with DUP gives certainty we require as we embark on departure from EU
3. agreement with DUP makes clear we remain steadfast to our commitments as set out in the Belfast agreement and its successors, and in governing in the interests of all parts of the community

According to my former post GBPUSD made a nice jump...even 50 pips more than I expected... up to 1.3000


EURGBP Outside Bar On Daily Chart

EURGBP moved dynamically north starting from key support at 0.8330. As you can see on the chart below gains were recently stopped at key resistance around 0.8858.
Yesterday aforementioned resistance was tested again. Price falsely breached last high, but the daily closure took place significantly below the area of resistance. In addition yesterdays price action engulfs trade of the previous day, which indicates bearish engulfing formation...

http://comparic.com/eurgbp-outside-bar-daily-chart/

Morning Options : USD/JPY – CALL, EUR/GBP – PUT

USD/JPY – there is a growth movement well seen on H4 chart lasting since mid-June within a broad wedge formation. Price should therefore aim at higher levels. Currently we have a withdrawal to local support based on earlier highs. and it seems there can be a rebound in this area...
http://comparic.com/morning-options-...-eurgbp-put-2/

USDCAD – Broken Level 1.3000 Opened Way To Deeper Declines

http://comparic.com/usdcad-broken-le...eper-declines/

Analysis For Newbies: EURCAD – Pin Bar On A Weekly Chart

On EURCAD we were witnessing a correction of the bearish move which started from1.5257 high. Initial upturn movement to local resistance near 1.4972 was abruptly abolished and closure of the week was at a lower level than opening.This led to creation of a bearish pinbar, where in current week price fell under its low... read more...
http://comparic.com/analysis-newbies...-weekly-chart/

Morning Options: USD/CHF- CALL, EUR/GBP – PUT

USD/CHF – on H4 chart is moving within bearish channel. Currently there is a growth movement that reaches its highest levels. It seems that there are no major obstacles for recovery reached the upper edge of the channel after strong declines so consider read more

EURGBP Reflection From Consolidation Resistance? Fakey ,Pinbars ,gona drop?

Last half year EURGBP spent in consolidation between support close to 0.8330 and resistance next to 0.8858. As we can see on monthly graph, the wick of the previous (June) candle is testing the upper band of this consolidation... read all

BTW: made a trade Sell...some 40-50p awaited

Option for Today – PUT on GBP/USD – 5/07/2017

On H4 chart we observe a downward movement, which began from test of this year’s high set by series of peaks from mid-May. So far declines are not violent but reaching new lows can trigger a stronger supply response. Price should then move towards next support at 1.2810-20. Last candles... read more

AUDUSD Trend Change?

AUDUSD is in a short-term bullish trend, where highs and lows are set on higher levels. As we can see on H4 chart below, yesterday trend line and horizontal support around 0.7628 was broken. Today, both the trend line and broken support are tested as new resistance... read all

GBPJPY – Inside Bar And Breakout From a Triangle?

One of my favourite Price Action patterns Inside Bar lasts from Monday this week on GBPJPY some 100pips possible on this pair

GBPJPY is moving from October 2016 in a consolidation, which took the form of an ascending triangle. Since June 12, there has been a strong bullish movement after reflection from the triangle lower limitation... read more

Morning Options: USD/JPY – CALL, GBP/JPY – CALL

USD/JPY – on H4 chart bullish trend heads to new highs. This probably means completion of last correction. Breaking up out of a small consolidation should in this context mean continuation of growth with nearest target vicinity of May 10 high, so consider ... read more



BTW my last post (110) - hit the jackpot

1. Option For Today AUDJPY CALL - more

1. U.K. Slowdown Continues - read

1. FOMC Williams: Third Rate Hike Remains The Base Case Scenario EURUSD, USDJPY, GBPUSD - read more

Will Head & Shoulders Pattern Form on AUDUSD?

AUDUSD as a result of ongoing from June 30 declines broke support around 0.7625 level. Since then market is moving in consolidation, its upper limit is the broken support (now resistance) that coincides in addition with 38.2% of Fibonacci correction from the entire last downward movement... read more

AUDUSD –Currently (10 min. ago) an interesting situation on this pair, price strikes from Inside Bar created by daily candle dated 5 July. At the same time, H & S is formed where the left arm and head have already been formed currently the right arm is in tact, but if breakout from IB wins...? read more here

AUDUSD - breakout from IBar won..probable further growth- details in recent post (look up )

But for today GBPUSD seems more interesting , rejected 50% Fibo correction from recent bullish impulse ...read more

USDJPY in Area of Significant Support

...note that the USDJPY rate is currently in local support area. If this level is rejected, in near future we would expect at least a bullish correction.

http://comparic.com/investor-scalper...icant-support/

GBPUSD as predicted in previous analysis ( post 115), correction of the last growth impulse, which had shape of a downward channel ( some would call it a flag), finished exactly at 50% of this move at 1.2810. In addition there was confluence with significant support established by the maxima from June... read more

BTW... I went long also on GBPJPY... there is still a level (post 110) to reach and maybe breach...

GBPUSD- moved as in last posts predicted (115 & 117) so GBP made my week , sometimes its worth sticking to one or two pairs to achieve at the end what we planned on start. Now time to close the laptop and get some fresh air.
See you on Sunday evening.

USDJPY- Head & Shoulders and Inside Bar - will they cooperate or fight ?

Yes, that is the question to be or ...no,no... Price Action patterns should cooperate so awaiting declines ...why ?
Here is the answer :
USDJPY pair formed an interesting scheme of Price Action formations. H4 chart shows a clear Head & Shoulders formation where the right shoulder was set in Fridays Asian session at level 113.55. Then today... read all

http://comparic.com/usdjpy-will-insi...lders-pattern/

Morning Options: USD/JPY – PUT, EUR/GBP – PUT

USD/JPY on H1 chart is continuing downward trend. Yesterday there was a strong depreciation, after which at night began a correction. Judging by the price showing weakening correction, this move may rather have problems to test the resistance zone again. It seems that price is ... read more