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  • #22,781
  • May 16, 2016 9:53am May 16, 2016 9:53am
EURUSD Trade of the week

Session Recap starts in 1h

Sign in

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  • #22,782
  • May 16, 2016 10:03am May 16, 2016 10:03am
Or it was AUDUSD

hard to decide

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  • #22,783
  • May 16, 2016 7:23pm May 16, 2016 7:23pm
possible long scalps

EC
1.1052-1.1048

Charts pretty self explanatory, let me know if i should explain.
gl for the day guys

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  • #22,784
  • May 17, 2016 12:09am May 17, 2016 12:09am
Your capital is at risk
EURUSD bear flag promises vivid trading day
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...05-2016eu4.png
The EUR/USD broke below the long-term support trend line (green), which could be explained via a continuation of wave C (blue) or alternatively a wave 3 if price expands below the 161.8% Fibonacci target.
1 hour
https://fxmedia.s3.amazonaws.com/art...05-2016eu1.png
The EUR/USD is building a bear flag chart pattern (purple).A break below the flag could see price head towards the Fibonacci targets. A break above resistance could see price invalidate wave 4 (orange).
GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...05-2016gu4.png
The GBP/USD rally has shown strong bullish momentum, which makes it unlikely that price is in a bearish wave C (pink). The wave B (pink) has therefore been put back on the chart and the Fibonacci levels are potential resistance levels.
1 hour
https://fxmedia.s3.amazonaws.com/art...05-2016gu1.png
The GBP/USD was unable to break below the 127.2% Fibonacci level of X vs W. The break above resistance (orange dotted) trend line has seen price rally quickly. Now price is near resistance again and the Fibonacci levels are areas where price could struggle or turn.
USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...05-2016uj4.png
A potential USD/JPY break above the 161.8% Fibonacci target favors a wave 3 (purple) whereas a bearish break below the support trend line (blue) makes a wave C (pink) more likely.
1 hour
https://fxmedia.s3.amazonaws.com/art...05-2016uj1.png
The USD/JPY is moving sideways between support (blue) and resistance (orange). The indecision zone is marked by these trend lines and has become quite large in the meantime. A breakout with a strong 4 hour candle close is therefore preferred to avoid false breakouts. This means a bearish candle with a close near the low and a bullish candle with a close near the high.
  • #22,785
  • May 17, 2016 2:52am May 17, 2016 2:52am
Quoting sillyb0y
possible long scalps EC 1.1052-1.1048 Charts pretty self explanatory, let me know if i should explain. gl for the day guys {image}
It could work, be sure to add a trendline ( descending from the top ) and watch if it is touched or broken if a bounce happens.
  • #22,786
  • May 17, 2016 2:56am May 17, 2016 2:56am
Quoting T@rantula
{quote} It could work, be sure to add a trendline ( descending from the top ) and watch if it is touched or broken if a bounce happens.
  • #22,787
  • May 17, 2016 4:06am May 17, 2016 4:06am
Well, I took AU from yesterdays webinar!! Great reaction from POC!
Thanks Nenad!
  • #22,788
  • May 17, 2016 5:39am May 17, 2016 5:39am
Quoting dcavar
Well, I took AU from yesterdays webinar!! Great reaction from POC! Thanks Nenad!
You are welcome!!

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  • #22,789
  • May 17, 2016 6:25am May 17, 2016 6:25am
Quoting T@rantula
The USDJPY pair has been consolidating in the uptrend that started from 106.50. At this point the price is ranging (also confirmed by MACD) but the bullish momentum is building up. POC is within 108.60-75 zone ( ascending trend line, inner trend line break, 61.8, EMA 89, DPP, H3 ). The zone is showing a lot of confluence and the bullish momentum could spike the price up to 109.20 and 109.65 subsequently. Additionally we can spot now moment buyers (blue rectangle) who have shown exactly at the POC. Have in mind that volatility has faded today due...
Target has been hit!!

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  • #22,790
  • May 18, 2016 12:48am May 18, 2016 12:48am
Quoting T@rantula
{quote} It could work, be sure to add a trendline ( descending from the top ) and watch if it is touched or broken if a bounce happens.
Missed by 5 or so
  • #22,791
  • May 18, 2016 1:01am May 18, 2016 1:01am
New wave analysis is posted: http://www.admiralmarkets.com/analyt...bullish-zigzag
Your capital is at risk.
  • #22,792
  • May 18, 2016 8:04am May 18, 2016 8:04am
Equities is ranging,and most indices are on strong support, if they drop again then JPY pairs could drop a lot (more JPY strength). SP500 below 2040 is very bearish and DAX below 9800 is very bearish too. Additionally - RBA is signalling more rate cuts. Once this happens money will go back into JPY and we will see a stronger JPY again. Also it is very important to keep an eye for FOMC meeting today.
Technically POC is 79.70-80 (L3,38.2,EMA89,trend line cross) and the pair could reject towards 79.25. But if the retracement is going to be deeper, then next POC is 80.15-30 (78.6, H3, historical sellers). targets are 79.25 and only on a strong H1 momentum break or close below the level we could see 78.70.

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  • #22,793
  • May 18, 2016 8:25am May 18, 2016 8:25am
Quoting T@rantula
Equities is ranging,and most indices are on strong support, if they drop again then JPY pairs could drop a lot (more JPY strength). SP500 below 2040 is very bearish and DAX below 9800 is very bearish too. Additionally - RBA is signalling more rate cuts. Once this happens money will go back into JPY and we will see a stronger JPY again. Also it is very important to keep an eye for FOMC meeting today. Technically POC is 79.70-80 (L3,38.2,EMA89,trend line cross) and the pair could...
Are you bearish or bullish on DAX then for the next week or so. We have G7 meeting starting this Friday.
  • #22,794
  • May 18, 2016 8:27am May 18, 2016 8:27am
Quoting Ocean Orca
Your capital is at risk EURUSD bear flag promises vivid trading day EUR/USD 4 hour {image} The EUR/USD broke below the long-term support trend line (green), which could be explained via a continuation of wave C (blue) or alternatively a wave 3 if price expands below the 161.8% Fibonacci target. 1 hour {image} The EUR/USD is building a bear flag chart pattern (purple).A break below the flag could see price head towards the Fibonacci targets. A break above resistance could see price invalidate wave 4 (orange). GBP/USD 4 hour {image} The GBP/USD rally...
So what is it now?? 107.5 or 111-112?
  • #22,795
  • May 18, 2016 8:54am May 18, 2016 8:54am
Hi guys,

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*Your capital is at risk
  • #22,796
  • May 18, 2016 9:44am May 18, 2016 9:44am
Quoting stylinex
{quote} So what is it now?? 107.5 or 111-112?
UJ broke yesterday to the upside and is contuining today. It's making a bullish breakout and we should expect further upside. Be careful of the FOMC later today at 6pm GMT, this can generate volatility and spikes.
  • #22,797
  • May 18, 2016 8:50pm May 18, 2016 8:50pm
Quoting Ocean Orca
{quote} UJ broke yesterday to the upside and is contuining today. It's making a bullish breakout and we should expect further upside. Be careful of the FOMC later today at 6pm GMT, this can generate volatility and spikes.
My guess is we see 112
  • #22,798
  • May 19, 2016 1:03am May 19, 2016 1:03am
USDJPY continues higher, 111.50-112 main target for now idd.
See newest wave analysis here:
http://www.admiralmarkets.com/analyt...es-against-gbp
Your capital is at risk.
  • #22,799
  • May 19, 2016 1:03am May 19, 2016 1:03am
New live webinar today at 4pm GMT with Nenad and myself.
Advanced Methods for Trading the Markets with Support & Resistance
http://www.admiralmarkets.com/education/webinars/
  • #22,800
  • May 19, 2016 5:32am May 19, 2016 5:32am
Fears of Brexit have diminished at least for the time being as latest polls suggest that pro EU option leads by 10 % (55 % vs 45 %). Additionally very good data for Average Earnings Index and Claimant Count Change has spurred additional bullish momentum where the GBPUSD reached 1.4660 resistance.
Technically we can see rising MACD, and confluence within first POC that is 1.4600 zone (pennant breakout , 23.6, round number ) and traders should watch for a possible bounce at the zone.
POC2 is 1.4520-35 zone where we see a confluence - DPP, L3, 50. Below is a strong support 1.4500 with 61.8 and EMA89. If we see another rejection targets should be 1.4660 and only on 1h momentum break or 4h candle close above H4 cam pivot - 1.4725 we could see 1.4830.
1.4500 should stay firm else the pair is back in a range with a downtrend potential.

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