High Probability Forecasts on Majors/Crosses

Hello fellow traders!

I would like to start a trade journal where I can share my trading ideas where I am always open for any comments, feedback and suggestions.

The reason this thread called "high probability" is because I'll try to share only cherry picked setups here.

Hope this will be a hot and friendly thread!

Regards,

Across the board AUD could be losing value, fast. This would establish trend on most AUD pairs, especially GBPAUD, EURAUD and AUDJPY. But in this particular case here is EURAUD likely scenario… quite large upside potential.
http://i59.tinypic.com/2zg6s8y.png

For now USDJPY should continue moving up towards our target at 120.20. When/if hit I’d start looking for mid/long term sell opportunities as most pairs signaling on potential weak USD and strong JPY in the next weeks/months to come.

http://i57.tinypic.com/t5nfxt.png

NZDJPY just hit my downside target and closed above it. In addition a new cycle begins suggesting continuation of the trend up and potential double top before the big fall down.
http://i57.tinypic.com/9ggcwl.png

Crude Oil established a key support level at 54 Dollars for a Barrel. While at this stage new highs can be expected in the mid/long term, it is very likely that 54 level will be tested once again.
http://i61.tinypic.com/295tt7p.png

NZDUSD in my view has confirmed the mid/long term downtrend. But now with the new cycle I think it will correct up slightly before the rally down begins. I’d be looking for selling opportunities around 0.76 area.
http://i57.tinypic.com/14jc3y8.png

The EURUSD just formed a double top that is confirmed by cyclic analysis. Next cycle should be down, ending on 14th of May and targeting rate of 1.0440.
http://i61.tinypic.com/33a4ad3.png

There is very similar picture on GBPUSD if compared with EURUSD. Also formed a double top and also with the new cycle. GBPUSD should target 1.4830, with the cycle ending on 5th of May.
http://i62.tinypic.com/154zfyb.png

If we look at AUDUSD on Daily chart the cycle down has already begun on the 27th of March and should be ending on the 6th of May… hhh almost the same as GBPUSD. Good trading to all!
http://i62.tinypic.com/2ik8k8l.png

I think it is obvious that there is significant support at 54 level and significant resistance at 58. At this point with the double top on the lower timeframe WTI has all chances to correct back to 54, after witch we might see uptrend continuation.
http://i61.tinypic.com/1418aba.png

NZDUSD entered the downtrend cycle that could last approximately 2 months. As a target I see 0.7270 area. As it currently holding the resistance, there could be a good entry point presented early next week.
http://i59.tinypic.com/5nj30j.png

EURAUD cold accelerate growth mainly due to the AUD weakness. Trend up could continue for another 2 week targeting 1.4130, that makes it approximately 250 pips higher than current price.
http://i60.tinypic.com/2myw09z.png

AUDCHF continues trade in the range with high probability of re-testing strong support at 0.74 area once again. When/if broken, it will open for more downside potential.
http://i62.tinypic.com/38okw.png

GBPUSD reached the upside target. It could face strong resistance at this level and there is potential for reversal down.
http://i59.tinypic.com/al27ox.png

There was no strong support confirming the end of the EURJPY downtrend. Currently we can see the bounce of the fib level that could be the key area for downtrend continuation. If that’s the case a huge move down in a very short time is something very realistic.
http://i58.tinypic.com/2egh92s.png

Thanks a lot for your effort, pro4Xtrader. I'm subscribed.

Cheers,
Senanata

Thank you and welcome, hope it will be educational

GBPCHF should have the final swing down before/if it reverses. Another 100pips up is quite likely in the very near future.
http://i60.tinypic.com/9hksvl.png

Completely missed to post EURGBP, but here we go, still to reach the target….
http://i62.tinypic.com/vi4py.png

CADJPY did break below the rising channel that could be a confirmation of a long term downtrend. I think this scenario has the right to live and could be developing over the coming months. Besides, if you look at all JPY pairs, they all have some sort of signals of a downtrend… well for me at least.
http://i60.tinypic.com/2vkf3p3.png