Spider's Den

USD/CAD Dead cat bounce

Breakout direction to decide wave structure in Forex - Your capital is at risk
http://www.admiralmarkets.com/analyt...cture-in-forex

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...08-2016eu4.png
The EUR/USD bounced at the deep Fibonacci retracement level of 78.6% within a wave 2 (purple). A break above the 100% level invalidates wave 2 (purple) and indicates a large and complex correction. In that case the wave count will be changed to reflect the corrective zone. A break below support could still confirm the potential waves 3 (purple/brown) but sufficient momentum must be visible in the breakouts.
1 hour
https://fxmedia.s3.amazonaws.com/art...08-2016eu1.png
The EUR/USD has clear resistance (red/Fib) and support levels above and below price. A bearish break could start the impulsive waves (purple/blue) whereas a bullish breakout would indicate an ABC correction (purple).

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By the way, if you are looking for info on trading trend lines, here is my 2 part series with the rules I use:
PART 1 trend lines: http://www.admiralmarkets.com/analyt...-levels-part-1
PART 2 trend lines: http://www.admiralmarkets.com/analyt...-levels-part-2
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EUR/USD is looking bullish

Attached Image (click to enlarge)

+50

Hello,Tarantula.Can you expalin in short terms, what means that pivt indicators.For example,If price come to any of this level,it is a big possible that the price do that,if you understand me.My friend want to work with this system,he has a indicator(pivot),but he doesn"t speak English.I am too tired with all this study ,because I have not lucky in a begining and I study too much garbage.I have a feeling that this is a good stuff(official Admiral markets stuff),but really,I don"t have an Energy.Till to now,I am study much,much more,than all my University study.

Best regards,Aleksander

EUR/USD bullish breakout in wave E of contracting triangle- Your capital is at risk
http://www.admiralmarkets.com/analyt...cting-triangle

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...08-2016eu4.png
The EUR/USD is testing the resistance trend line (red). A breakout above resistance could see price move towards the wave E (green) of wave 4 (blue), which has been added due to the lack of a bearish breakout. The consolidation zone on the daily chart is lengthy and suggests a contracting triangle chart pattern (ABCDE brown).
1 hour
https://fxmedia.s3.amazonaws.com/art...08-2016eu1.png
The EUR/USD showed bullish momentum above the broken trend line (dotted red). Price is building an ABC bullish zigzag (blue) unless price breaks below the 100% Fibonacci level of wave B.

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GBPJPY is my favourite pair to trade right now

Interview with Fxstreet + my view on OIL.

GBP/JPY is targeting sub 130.00 zones

* Your capital is at risk

USD/JPY bearish breakout expands wave B correction to 61.8% Fib - Your capital is at risk
http://www.admiralmarkets.com/analyt...on-to-61-8-fib
USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...08-2016uj4.png
The USD/JPY broke below the support tend line (dotted greens), which confirms the bearish wave structure. Price seems to have space to fall towards the Fibonacci levels with main target at the 61.8% Fibonacci level of wave B vs A.
1 hour
https://fxmedia.s3.amazonaws.com/art...08-2016uj1.png
The USD/JPY seems to be building a wave 3 breakout.
Follow @ChrisSvorcik on twitter for latest market updates

Session Recap winner - EURUSD

Major currency pairs boost sturdy momentum after breakout - Your capital is at risk
http://www.admiralmarkets.com/analyt...after-breakout

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...08-2016eu4.png
The EUR/USD broke the resistance trend line (dotted) as expected in yesterday's wave analysis. The bullish move is part of a larger contracting triangle chart pattern (ABCDE green).
1 hour
https://fxmedia.s3.amazonaws.com/art...08-2016eu1.png
The EUR/USD broke the resistance (dotted) with strong momentum, which could indicate that it was a wave 3 (orange). In that case a wave 4 and 5 (orange) could unfold soon. The wave 4 (orange) structure is invalidated if price moves below the 78.6% Fibonacci level of wave 4 vs 3.

USDCAD going down

As planned

6 signs of a shady Forex broker
*Your capital is at risk

Attached Image (click to enlarge)

EUR/USD, GBP/USD move impulsively towards Fibonacci targets - Your capital is at risk
http://www.admiralmarkets.com/analyt...onacci-targets

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...08-2016eu4.png
The EUR/USD is in a bullish momentum which is part of a larger contracting triangle chart pattern (ABCDE green).
1 hour
https://fxmedia.s3.amazonaws.com/art...08-2016eu1.png
The EUR/USD showed a retracement back towards the 50% and 61.8% Fibonacci retracement level which completed wave 4 (orange). The wave 5 (orange) is heading towards the Fibonacci targets.
GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...08-2016gu4.png
The GBP/USD is either completing a wave 5 (blue) or extending the wave 5 (blue) with an internal 5 wave indicated by wave 1-2 (pink). A break below the previous bottom (green) is needed before an extension of the downtrend is confirmed.
1 hour
https://fxmedia.s3.amazonaws.com/art...08-2016gu1.png
The GBP/USD indeed completed a wave B (green) correction and is moving higher as part of the wave C (green). A break of the resistance trend line (orange) or retest and bounce at the support trend line (green) could lead to bullish continuation towards the Fibonacci targets.

GBP/USD DOUBLE TOP IN PROGRESS, SOON A TRIPLE TOP?

EUR/USD, GBP/USD continue with bullish momentum in wave 3 - Your capital is at risk
http://www.admiralmarkets.com/analyt...ntum-in-wave-3

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...08-2016eu4.png
The EUR/USD continued its strong bullish momentum yesterday and throughout the week. This seems to have completed an impulsive wave 3 (green) and one more push higher (wave 5 green) could occur if a corrective wave 4 (green) pattern develops.
1 hour
https://fxmedia.s3.amazonaws.com/art...08-2016eu1.png
The EUR/USD could bounce at the Fibonacci levels of wave 4 (green). A break below the 61.8% Fibonacci level and trend line (green) invalidates the wave 4 (green).
GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...08-2016gu4.png
The GBP/USD is either completing a wave 5 (blue) or extending the wave 5 (blue) with an internal 5 wave indicated by wave 1-2 (pink). Price has not reached the 61.8% Fibonacci level of wave 2 vs 1 but a break above the 100% Fib level invalidates the pink 1-2. A break below the previous bottom (green) is needed before an extension of the downtrend is confirmed.
1 hour
https://fxmedia.s3.amazonaws.com/art...08-2016gu1.png
The GBP/USD broke the resistance trend line (orange) yesterday and showed bullish impulsiveness as expected within the wave C (green) zigzag. Price could now bounce at the Fibonacci levels of wave 4 (blue) but a break below the 61.8% Fibonacci level, however, invalidates the wave 4 (green).