Spider's Den

USD/JPY Could drop as long as it is below 113.45

️ Full-Scale EUR/USD, GBP/USD Analysis (Beginner Friendly ️)

http://www.elitecurrensea.com/forex-...lysis-4-6-oct/

EUR/GBP Marubozu for uptrend continuation

Ultimate Forex Guide for Trading Support and Resistance (S&R)

Are you wondering how you can use support and resistance (S&R) levels for your trading? Or perhaps you are unsure how to find S&R?
Simply said, not using S&R level is dangerous because you risk not understanding the price chart.
This article will be your ultimate guide for support and resistance trading.
Discover how to draw support and resistance levels, how to do support and resistance trading, and which support and resistance indicators work well.

http://www.elitecurrensea.com/forex-...resistance-sr/

Full EUR/USD, GBP/USD Analysis & Setups ☝️ 8-10 October ’17

The EUR/USD closed with a strong bullish daily candle on Friday and was unable to break the 1.17 support at the 23.6% Fib. The video discusses both a bullish bounce and bearish breakout trade setup of the falling wedge chart pattern. The GBP/USD is showing strong bearish momentum and is expected to show a bearish trade setup around 1.31 for further bearish continuation towards 1.2975-1.30.

http://www.elitecurrensea.com/forex-...s-8-10-oct-17/

The U.S. Economy lost approximately 33k jobs in September according to latest NFP report. The unemployment rate dropped 0.2% to 4.2%, while wages jumped 0.5%. Worse than expected NFP result was primarily due to hurricanes on the U.S. coast and in my opinion, it doesn't reflect the USD weakness at all as the prior jobs and wages were both revised higher.
The EUR/USD is undergoing a retracement from the drop that tested W L4 -1.1674 -1.1654 zone. POC 1.1745-65 (order block, 88.6, D H3, atr pivot, PPR channel top, historical sellers) could reject the price and as long as the pair is below 1.1780 we might see another retest of 1.1674-54 zone. Strong marubozu candle or 4h close below 1.1711 - red trend line, might bring a continuation move towards the 1.1674 and 1.1654 zone.

GBP/JPY Going towards POC zone

EUR/USD Breaks Wedge and GBP/USD in Bearish Channel (Analysis & Setups 10-11 Oct)

The EUR/USD did not break below the 1.17 support and instead broke above falling wedge chart reversal pattern. This breakout offers trade setups if price manages to break above the 1.18 resistance or if price retraces deeper back towards the 1.17-1.1725 zone. The GBP/USD is building a bullish retracement towards the resistance of the downtrend channel and key 50% Fibonacci level, which offers bearish reversal and breakout setups.

http://www.elitecurrensea.com/forex-and-cfd-blog/technical-analysis/eurusd-gbpusd-analysis-setups-10-11-oct/

EUR/USD Trend Lines in Confluence with POC zone

EUR/GBP is Strongly bullish

EUR/USD, GBP/USD Bounce or Break Setups at Resistance Zones (12-13 Oct)

The EUR/USD has reached a new critical decision zone at 1.1875 after multiple good long setups at 1.17 support. Reviews potential trade setups in short and long-term depending on a break or bounce.

The GBP/USD has also reached a key resistance zone that could either confirm or invlidate a wave 4 correction.

http://www.elitecurrensea.com/forex-...ups-12-13-oct/

WTI Ascending Channel Intact
October 13, 2017 12:40

The EUR/USD is building a wave 4 correction and could be ready for a 5th push up if price stays above the 1.18 support. A break below 1.18 could indicate that the EUR/USD will show a bullish bounce aroun 1.17-1.1750 whereas a break below this support zone indicates a bearish move towards 1.15. A bullish bounce or breakout has a target at 1.20-1.2050.

The GBP/USD is a question mark and showing potential for both bearish and bullish trade setups. Chris shows in his video analysis which are the main support and resistance levels.

Also, ecs.LIVE trades and analysis starts soon with 2 week free trial!

http://www.elitecurrensea.com/forex-...ups-15-17-oct/

ecs.LIVE Translates Trading Systems into Analysis and Setups

Dear Traders, although we offer occasional help with our webinars and analysis, the market moves fast and changes very quickly. In many cases, traders are left on their own as they face important decisions about new or old trades. Today marks an important day for us at Elite CurrenSea because Nenad and I (Chris) will start to offer more live support than ever before (on top of the free analysis we already offer).

We will call this extra support: ecs.LIVE. And yes, it includes setups from our ecs.CAMMACD and ecs.SWAT setups!

This article explains our new ecs.LIVE service but this article also discusses that similarities and differences in the trading methods of Nenad and Chris, why simple trading systems are very limited, how Chris and Nenad actually trade, and we share some of the recent success stories of our ecs.CAMMACD and ecs.SWAT traders.

Above all, make sure to check out and try our 2 week trial for ecs.LIVE.

http://www.elitecurrensea.com/forex-...alysis-setups/

USD/CAD Dark Cloud Cover Might Reverse the Price

Gold Double Bottom Support is Broken

Attached Image (click to enlarge)

BTC/USD Retracement Back to 50% Fibonacci Level at $4400

Hi trader,
we have been following BTC/USD for the last few months, including two BTC/USD trade setups. One was focused on a bullish break and hitting $5000 and the second was a bearish retracement back to around $3500 for a further uptrend continuation towards $5500.
Both scenarios played out exactly as expected: the bullish move hit $4950 (target was $5000) and the retracement went back to $3000 (bounce $3500) before ultimately hitting $5800 (target $5500) just a few days ago. Cha-ching!
Now the next question: what’s next? This article shares our vision for Bitcoin versus the US Dollar, BTC/USD, for the next weeks.

http://www.elitecurrensea.com/forex-...ci-level-4400/

Critical Wave Patterns Visible for EUR/JPY, GBP/AUD and XAU/USD

Dear traders,
for the first time, we share our wave analysis on the EUR/JPY, GBP/AUD and XAU/USD 4 hour charts with you.
The GBP/AUD and XAU/USD pairs seem to be ready to build a key wave C within a larger ABC zigzag whereas the EUR/JPY remains right at the invalidation level of a wave 4.

http://www.elitecurrensea.com/forex-...gbpaud-xauusd/

EUR/USD Bullish ABC Zigzag and GBP/USD Contracting Triangle

Dear Traders,
the EUR/USD bounced at the 61.8% Fibonacci support level and could be starting a larger ABC zigzag pattern up to 1.20. The critical part of the bullish potential depends on the 1 hour candle. A break below the low could see a larger correction. The alternative is a daily candle close above the resistance trend line.
The GBP/USD is in a contracting triangle pattern and we are waiting for a bullish or bearish breakout of the triangle.

http://www.elitecurrensea.com/forex-...sh-abc-zigzag/

EURUSD and USDJPY setups

*Trading involves risk

GBP/JPY Starting Wave 5 If Price Breaks Channel Resistance

Dear Traders,
The GBP/JPY is struggling to find direction but we might see more guidance if we step back and look at the 4 hour chart.
Here we are able to see a potential start of a wave 5 if price is able to confirm the bullish break of the bullish channel.
Today’s analysis is focused on the GBP/JPY wave patterns. For more free analysis, make sure to check ecs.LIVE.


http://www.elitecurrensea.com/forex-...hannel-wave-5/