Spider's Den

Closed for 130 pips. I think it has plenty left in it, but with NZ trade data tomorrow, I thought I'd bank the profits.

Well done! you might consider some profit taking now.

AUD/JPY making strong bullish swings above order blocks

Happy Thanksgiving to all US traders!

EUR/USD reaches break or bounce spot at 1.05 support

http://www.admiralmarkets.com/analyt...t-1-05-support - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu4.png
The EUR/USD is testing major support (green) from the daily-weekly charts but seems unable to break below these levels for the moment. If a break does occur below support (blue) then this indicate a downtrend continuation. A bullish bounce at the support zone and a break above the resistance trend line (orange) could start a wave 2 (green) correction.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016eu1.png
The EUR/USD seems to be starting an ABC (purple) correction but this wave structure would become invalidated if price breaks below the green lines.

USD/CAD Range play with a chance of breakout

USD bullish momentum loses control and corrects with ABC zigzag

http://www.admiralmarkets.com/analyt...ith-abc-zigzag - Your capital is at risk

USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj4.png
The USD/JPY bullish momentum ran out of steam and broke the support trend lines (dotted green). Price most likely completed wave 3 (blue) and is now retracing within wave 4 (blue). The23.6% and 38.2% Fibonacci levels are expected to act as support.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj1.png
The USD/JPY has retraced back to the 23.6% Fibonacci support but price could extend the wave 4 (blue) correction via WXY (brown).

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Session Recap 28.11.2016 Total pips pool +580 Sign in for FREE

EUR/USD 1.0660 zone keeps rejecting the price

USD/JPY builds bull flag pattern within strong rally

http://www.admiralmarkets.com/analyt...n-strong-rally - Your capital is at risk

USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj4.png
The USD/JPY bullish momentum is indeed building a correction as expected and is probably retracing within a wave 4 (blue). The23.6% and 38.2% Fibonacci levels are expected to act as support.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016uj1.png
The USD/JPY is building a WXY (brown) correction within wave 4 (blue).
Follow @ChrisSvorcik on twitter for latest market updates

AUD/JPY Still up but watch for reversal

EUR/USD, GBP/USD test support and resistance trend lines

http://www.admiralmarkets.com/analyt...ce-trend-lines - Your capital is at risk

GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...11-2016gu4.png
The GBP/USD has both support (green) and resistance (red) trend lines nearby. The Cable needs to break below the support trend line (green) to confirm a downtrend continuation within waves 5. A breakout above resistance (red) might soon run into new resistance at the Fibonacci levels of wave 2 vs 1.
1 hour
https://fxmedia.s3.amazonaws.com/art...11-2016gu1.png
The GBP/USD showed strong bullish momentum which could be part of a larger ABC (grey) zigzag. A break above resistance (red) could see price push to the 78.6% Fib of wave 2 vs 1. A break below the 100% of wave B vs A indicates a bearish breakout zone.

EUR/GBP potential upside move

Keep an eye on NFP, any signs of weakness could mean a protracted rate hike

target hit!

Well called..I took it..Thks

Wave structure on DAX, EUR and USD prior to Italian referendum 2016

http://www.admiralmarkets.com/analyt...eferendum-2016 - Your capital is at risk

DAX30
Weekly
https://fxmedia.s3.amazonaws.com/art...2-2016daxW.png
The German DAX index break above the resistance trend line (dotted red) after it bounced at the 50% Fibonacci level of a potential wave 4 (purple). The bullish break could be part of wave (purple) and multiple waves 1-2 (orange/green) could explain the series of higher highs and higher lows recently. However, a strong break above the resistance top (solid red) is needed to confirm the structure. A push below the support trend line (green) and 50% of wave 4 (purple) invalidates the waves 1-2.

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...12-2016eu4.png
The EUR/USD is bouncing in between support (green) and resistance (orange) trend lines. Major support levels from the daily chart (green) are also key. A bullish break above resistance (orange) could see price correct to higher Fibonacci levels. A break below the support zone (green lines) indicates a continuation of the downtrend.

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EUR/JPY Regular Bearish Divergence on Intraday Timeframe