Spider's Den

ecsLIVE Trade Setups, Charting and Analysis 2 Week Free Trial Starts Monday

Dear Traders,
Nenad and I (Chris) are very excited to officially announce ecs.LIVE, which offers traders the ability to see our trade setups, our charts and our analysis.
You will see exactly how we approach the markets on a daily basis, with a focus on intra-day trade ideas, swing setups and even long-term analysis.
The best news is that we are offering a 2 week free trial. You can explore all of the setups, ideas and analysis with no obligation.
The only thing you need to do is signup for ecsLIVE now.

http://www.elitecurrensea.com/forex-...-2-week-trial/

JPY Weakness Not Losing Steam After Gap

Dear Traders,
a new trading week is ahead of us and the Forex market could be offering interesting potential setups at the beginning of the week.
Mondays are typically slow trading days but the Japanese weakness seems here to stay after price gapped higher with the USD/JPY, EUR/JPY and GBP/JPY.
EUR/JPY uptrend seems to offer continuation setups for more long trades as price builds a slow and corrective pattern lower.

http://www.elitecurrensea.com/forex-...eam-after-gap/

WTI Bullish SHS Pattern Suggest More Upside

AUD/JPY Drops on Worse Than Expected CPI

Hi, I lost my POC template, could you send me to be able to follow your analyzes better? Thank you

http://www.elitecurrensea.com/forex-...k-1-15-target/

Sure. Send me an email pls.

Gold Bearish Zig Zag Confluence at 61.8 and 78.6 Fib

[email protected]

USD/JPY Reversal Setup at 114.50-115 Resistance Zone

The US Dollar versus the Japanese Yen (JPY) has been in a strong bullish momentum over the last few weeks. However, the current bearish candlestick patterns on the daily are indicating a potential reversal.
This is only amplified when we consider the strong resistance at 114.50-115. This resistance zone has long acted as the target for the bullish swing.

https://www.elitecurrensea.com/forex...sistance-zone/

EUR/USD Bear Flag Pattern Reaches 38.2% Fib of Wave 4 ☝️

The EUR/USD made a bullish retracement towards the 38.2% Fibonacci retracement level as expected. The correction occured in a typical bear flag chart pattern and a new bearish continuation could occur when price breaks below the bear flag towards the 38.2% Fib at 1.15.
The GBP/USD is in a contracting triangle chart pattern and could stay volatile within this range.

https://www.elitecurrensea.com/forex...attern-wave-4/

USD/CAD is Waiting for Fundamental Data Release

GBP/JPY is Waiting for BOE Decision

EUR/USD Short Setups Aim at 1.15 with Break Below Pattern

Dear Traders,
The EUR/USD broke the bullish correction and could finally be on its way towards the main 38.2% Fibonacci target at 1.15.
The GBP/USD is threatening to break the monthly support trend line after it posted strong bearish daily and weekly candlesticks.
See the 9 min video below.

https://www.elitecurrensea.com/forex...below-pattern/

EUR/USD, GBP/USD Expand Corrective Patterns & Build Zigzags

Dear Traders,
the EUR/USD missed the target at 1.15 but the bullish bounce is most likely a correction within a larger downtrend channel. Price could turn at 1.1675 – 1.1750 resistance zone for a continuation towards the final target and support zone at 1.1475-1.15.
The GBP/USD remains corrective and could be ABC zigzags between the support and resistance levels. Five weekly candle remain caught between the top and bottom of the master candle.

Check out the video for the full analysis and trade plans on 12-13 November 2017:
https://www.elitecurrensea.com/forex...build-zigzags/

GBP/JPY Dropping Below the Trend Line

AUD/USD Bearish Break Below Contracting Triangle Pattern

https://www.elitecurrensea.com/forex...angle-pattern/

2 Week Trial Ends +2264 Pips and 70% Win Rate

Dear Traders,
Our 2 week trial of ecs.LIVE ended last week and we had a wonderful 10 trading days.
Our statistics for the mentioned trade setups was +2264 pips, almost +50% reward (with 1% risk) and a 70% win rate.
This article shares our stats, some of our experiences and more info how you can join ecs.LIVE.

https://www.elitecurrensea.com/forex...s-70-win-rate/

GBP/USD Bearish Breakout Faces Bullish ABC Zigzag

GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2017gu4.png
The GBP/USD broke above and below the local triangle pattern (dotted lines) but the major support (blue) and resistance (red) trend lines are still intact. A breakout is needed before a larger directional move can be expected.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2017gu1.png
The GBP/USD is probably expanding the correction via an ABC zigzag correction (green) if price stays in between support and resistance trend lines. A break below the 100% Fibonacci level of wave B vs A invalidates the bullish ABC wave.

More info on EUR/USD and USD/JPY in article

Source: https://admiralmarkets.com/analytics/wave-analysis/gbp-usd-bearish-breakout-faces-bullish-abc-zigzag?#c!=1 Admiral Markets

USD/JPY Falling Wedge Approaches 38.2% Fibonacci Level

USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2017uJ4.png
The USD/JPY is approaching a 38.2% Fibonacci support level and potential bounce spot. A failure for price to break above resistance could still indicate an extension of the bearish correction towards lower Fibonacci levels like the 50% Fib.

1 hour
https://fxmedia.s3.amazonaws.com/art...11-2017uJ1.png
The USD/JPY is testing the support trend line (green) which could cause price to bounce back to the top of the channel resistance (red). Price seems to be building a falling wedge chart pattern as well, which is another factor that could create a bullish response.

Source: https://admiralmarkets.com/analytics...ci-level?#c!=1 Admiral Markets