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GBP/USD Breakout and Pullback

The GBP/USD broke down from the Kumo, it is now retesting the flat kumo bottom, and the kijun sen resistance line. The pair is trading at RSI equilibrium, and is slightly at higher levels on stochastic. All in all, we like taking trades of this nature, trading with-the-trend, at a point of market equilibrium, with a clear stop above the kumo level, and a clear plan of trailing stop according to kijun.

GBP/CHF Price Action Analyis 4H chart

We're following the GBP/CHF on the 4H chart. The pair has formed and broke a bullish flag, current projection suggests a shift in market momentum may be coming up at around the 1.536 level.

GBP/NZD momentum reversal

The GBP/NZD has completed an ABCD pattern on the back of 50-61.8% support. The D point is a possible reversal area, and indeed, both stochastic and RSI are conveying to us that the market may be overextended and may soon shift as evidenced by their divergence from price action. Therefore, we're happy to short this market with a stop just above the D point, and an initial target back at the 50-618% area.

GBP/JPY impulsive-consolidation-impulsive

We're following the GBP/JPY consolidation on the 1H. This after an explosive bull wave upwards, our bias is surely to the upside, and we're buyers on a break of the consolidation zone, with a stop just below it, risk on the trade will be around 43 pips, with a plan for trailing stop and going for a longer term target.

EUR/USD Descending triangle price projections
A couple of price projections on this breakout of the descending triangle pattern on the 4H chart.

AUD/USD weekly discussion, Comment and share!
http://www.investingacademy.co.uk/en...december-8-12/

GBP/USD shorting alternatives

The GBP/USD 4H chart is trading within a triangular type pattern. Price is currently trading at the upper trend-line in an overall down market. Therefore, as we see things, there are basically 2 alternatives to short this market:
1. short now at trend-line resistance, with a stop just above previous swing highs
2. short the pattern breakout to the downside, aiming to trade with momentum
While both options are certainly reasonable and carry some merit, we currently favor the 2nd and more conservative alternative.

GBP/NZD shorting level

We're looking for a very simple technical short on the GBP/NZD 4H chart, carrying around 4.15:1 in risk vs reward terms.
Our trade parameters are:
entry @ 2.061
stop @ 2.07
profit @ 2.031
risking 90 pips to win 400.

EUR/USD hitting some resistance

The EUR/USD is testing the kijun sen resistance on the 4H chart. This in the context of a well defined down-trend, and resistance just above from the kumo and a descending trend-line. The aggressive approach would be to short at market, the more conservative traders could wait for the trend-line+kumo cloud area to go short. We think either alternative is reasonable, in fact, we prefer to take both alternatives by going short for 1/2 of our standard size at the kijun and then adding the second 1/2 if indeed price hits kumo+trend-line resistance.

GBP/JPY buy level

We're currently waiting on the GBP/JPY to reach out desired buy level. We have our limit orders set up, planning to cash 1/2 of the position back at the recent supply level, after which we intend to move stop to break even and aim for the swing highs around 189.500. Our initial stop is about 45 pips, with an initial target of about 100 pips.

USDJPY corrective move into support

The USD/JPY 4H chart has formed a significant hammer at support kumo support. The supportive candle also held on the back of the 61.8% of the latest bull wave. In an overall bull market, these bearish corrections are the bets opportunities to rejoin the trend. We'd like to see a break of the flat kijun sen to the upside backed by bullish momentum accumulation on the oscillators, which will trigger us long, aiming to trail stop and trade-with-the-trend.

GBP/USD possible reversal formation

The GBP/USD has been trending higher recently; however, it now appears the market may be looking to reverse in the near future. This is due both to the bearish divergence between price and the RSI, as well as the head and shoulders type formation, and the false upwards breakout which resulted in a shooting star candle. Therefore, all things considered, we're looking for bearish momentum to pick up and for a break of the ascending trend line.

USD/CHF possible long setup

We're looking at a possible short term long setup on the USD/CHF 30M chart. A break higher from the consolidation zone, should be sending us towards the recent swing high supply zone at around 0.97700. Incidentally, we'd also be looking to short the pair at that location, so this could be a two way play.

GBP/AUD Buying Zone

The GBP/AUD is trading lower, and we're waiting for it at a point of confluence between previous support area, 50% retrace of the overall bull move, and a completion of an XABCD pattern. At such a point of confluence, we'd be willing buyers of the pair, aiming to get back towards the 1.900 handle.

AUD/NZD ASCENDING TRIANGLE FORMATION

The AUD/NZD is making higher lows on the 30M chart, while mainting even high points, thus forming an ascending tirangle, which tells us the buyers are picking up some steam. Additionally, they have crossed the RSI 50 point. Therefore, our short term bias is bullish, and we're looking to buy the pair on a break of the highs.

GBP/CAD possible continuation pattern

The GBPCAD seems to be in the midst of a corrective wave, which if broken to the downside may give rise to an impulsive move down to the recent 1.7800 lows. If the pair does reach these levels, we'd be looking to exit any shorts and look for buying opportunities.

GBP/NZD bullish 1-2-3 patterns

The GBP/NZD may be in the process of forming a bullish 1-2-3 micro pattern within a bullish macro 1-2-3 pattern. We like this type of possible technical pattern confluence, and so we're happy to take at least a partial position on the break of the micro 2, with a stop just below micro 1 which is also macro 3. Our end goal is for a break of macro 2, aiming towards the recent swing high at around 2.054.

Short Term Trade Setup on EURUSD

The EURUSD is in full rally mode, we have high momentum readings on the oscillators and some impressive looking buy candles. That being said, we have the 1.25330 level marked as significant resistance, so we're looking to use it as a counter momentum short entry, aiming to cover at around the 1.24444 level, going for a simple 2:1 in risk and reward terms.

W Bullish Reversal Pattern on EURGBP

The EURGBP has formed a double bottom of sorts, which is looking to be a W bullish reversal pattern. This structure implies that the pair's down-trend may have bottomed, and as such, a break of the A-E line is for us the confirmation of the new bull trend on EURGBP.

USDJPY Kumo Breakout

The USDJPY has broken the kumo to the downside on the 4H chart. We'd like to utilize this strong market momentum and short the pair, we don't, however, want to short it at current market prices as we feel it the decline is a bit extended at this point; rather, we see the potential 3 point, of a bearish 1-2-3 pattern, as our selling zone. This point should coincide with the flat kumo bottom as well as the 50% retrace of the latest bear wave. Our stop should be just above the kumo, with our target at around 115, which would also complete a nice looking ABCD pattern.