Spider's Den

GBPUSD, USDJPY moving quickly in wave C momentum - your capital is at risk
http://www.admiralmarkets.com/analyt...ave-c-momentum
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...05-2016eu4.png
The EUR/USD broke the resistance trend line (dotted red) of the downtrend channel. This bullish break is most likely a corrective wave 4 of a lower degree (see 1 hour chart). The 123 (purple) becomes more likely than an ABC if price manages to extend beyond the 161.8% Fibonacci target.
1 hour
https://fxmedia.s3.amazonaws.com/art...05-2016eu1.png
The EUR/USD showed choppy and corrective price action yesterday. Price completed an ABC zigzag as expected and could now be expanding the correction. A break above the 50% Fibonacci retracement level of "4 vs 3" would make a wave 4 (green) less likely. A break below the support trend line (green) increases the chance of a bearish breakout for wave 5 (green).
GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...05-2016gu4.png
The GBP/USD bullish breakout failed to break the horizontal resistance (red). The broken resistance (dotted red) has now turned into a potential support level in the development of wave C (pink).
1 hour
https://fxmedia.s3.amazonaws.com/art...05-2016gu1.png
The GBP/USD is in wave 4 retracement as long as price stays above the 61.8% Fibonacci level. A more likely bouncing spot is the 38.2% Fib which has confluence with the broken trend line (dotted red), the previous top of wave 3 (grey) and wave A (pink).
USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...05-2016uj4.png
The USD/JPY is building a contracting triangle chart pattern (red/green). A break of support (green) would confirm the development of wave 2 (purple) correction. A breakout above the resistance (red) would indicate an expansion of wave 5 (blue).
1 hour
https://fxmedia.s3.amazonaws.com/art...05-2016uj1.png
The USD/JPY completed 5 bullish waves within wave 5 (blue). The 5th wave did not break the previous top which is called a "truncated" 5th wave unless price manages to break above resistance (red). A break below support (green) confirms the bearish breakout for wave C (blue) and 2 (purple).

If anyone wants to receive the candle stick pattern indicator which was mentioned in the webinar, please feel free to ask for it via info (at) EliteCurrenSea.com

Cherry-picking Forex information

Time series suggests USD/DXY to form an interim high on 31 May 2016. Reversal on USD/DXY imminent.

It coincides with Equities potentially forming an interim high on either 30 May 2016 or 3 June 2016 also, particularly on Dax30 and SP500.

So perhaps Shorting USD/DXY if you can, otherwise USDJPY may be the best pair to exploit this, as when its risk-off, JPY appreciates most.

Next best pair may be Long GBPUSD, assuming polls are suggesting Britain stay in the EU.

Hope everyone had a great weekend. New wave post available! http://www.admiralmarkets.com/analyt...acci-targets-1 - your capital is at risk.
Wish you good trading this week

The EURUSD is patiently waiting for major economic data coming in this week. We have some real high impact info this week and we could see risk-off sentiment possibly coming back. We need to watch out for upcoming releases:

1. Wednesday - CNY manufacturing data, very important data for CNY + ADP
2. Thursday - ECB press conference and OPEC
3. Friday - NFP

Any bad US data during week including bad CNY data could cause a risk off. If OPEC fails to cut Oil and oil price drops subsequently, it won't be good for USD. End of month positions may reverse too on profit taking.
In addition to fundamentals, technical chart is also showing signs of a possible counter trend movement as we could see that weekly support is there - X cross on weekly chart formed by historical buyers and lower equidistant channel support line. On H4 time frame we can see the similar picture. L3 support is sitting at the bottom of equidistant support + we can see a regular bullish divergence. While above 1.1085-70 EURUSD might turn bullish targeting 1.1200 and 1.1240.
So it is very important that we pay attention to price flow as the EURUSD is close to a counter trend confluence POC.

GBP/USD breakout alert, EUR/USD bounce at 50% Fibonacci - Your capital is at risk
http://www.admiralmarkets.com/analyt...t-50-fibonacci

Live trading webinar at 6:45am GMT - Your capital is at risk
http://www.admiralmarkets.com/education/webinars/

More live webinars at Tarantula's and Chris' website Elite CurrenSea this and next week: http://www.elitecurrensea.com/live-f...ding-webinars/
Register now for live sessions and/or recording.

@T@rantula
hey ..can you please send me the settings of the camarilla indicator?
thank you very much

because look the day is already started and the camarilla indicator is not adjust
I think that I know what the problem is but I don't sure I think this is because the GMT shift is on 1 when I am changing this to 0 it's working fine and it works good and show from the start of the day the pivots

http://www.forexfactory.com/showthre...90#post8920090

GBP/USD, USD/JPY develop reversals with huge momentum - Your capital is at risk
http://www.admiralmarkets.com/analyt...-huge-momentum

The USD/CHF is bound in a ranging market just as EUR/USD. As we could see in this article, the EUR/USD is meant to go up (as it is going) and that normally means USD/CHF down due to a negative high correlation.
Technically we can spot a triple pin bar rejection off the H3 resistance and it looks like a failed inverted head and shoulders. Due to a range that USD/CHF is currently in we might see a good r:r if the pair proceeds down. 0.9940-50 is the zone where we could see a rejection and as long as the pair is below 0.9975 targets are 0.9900 and 0.9870. Additionally traders should pay attention to ADP today.

Trades during live trading room at Elite CurrenSea: EUR/AUD +95 pips ad GBP/AUD +81 pips

Why Are Stop Losses Key and What Can We Do? - Your capital is at risk

?

Hi, the indicator is downloadable via link Pressok has shared. Mind you that the indicator already has the proper timezone setting integrated in itself and cannot be changed.

In the wake of major economic releases today, we can see that the GBP/USD pair is very close to critical support. Maybe it is time for a retracement. Current price action suggest a possible retracement towards 1.4540-50 zone (POC). 1.4385 is a very important support and we see a higher low compared to a previous low on 4h time frame. MACD has made a lower low and that counts as hidden bullish divergence. Additionally from L to H 1.4385 is 88.6 fib swing so that makes another confluence point. If the price retraces to POC ( L3, EMA89, 50.0) we could see initial selling again towards 1.4400-1.4385.
It is very important for traders to see the whole picture as only if the price breaks and closes below 1.4385 we could see 1.4320 and 1.4280. For now we could see a spike up as a part of correction.

EUR/USD, GBP/USD waves simply explain roller coaster moves - Your capital is at risk
http://www.admiralmarkets.com/analyt...-coaster-moves

+100 pips now straight from the support

Looks like this analysis came in correct!