Spider's Den

T-89 and Proprietary Candlestick Patterns

Attached Image (click to enlarge)

USD/JPY's Bullish 250 Pip Bounce within Downtrend Channel

https://admiralmarkets.com/analytics...ntrend-channel - Your capital is at risk

USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017uj4.png
The USD/JPY failed to break below the support trend line (green) of the downtrend channel (red/green) and instead price broke above an internal resistance trend line (dotted orange). The USD/JPY might have completed the wave 4 (purple) correction but a break above the channel is needed as a confirmation. The resistance (red) of the channel is a critical break or bounce zone for the direction of the trend.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017uj1.png
The USD/JPY has either built an ABC or a 123 (brown). The latter is most likely if price bounces at the support trend line (blue) and Fibonacci levels of wave 4 vs 3.

GBP/USD POC Zone is 1.2250-75

USD/JPY Bullish Breakout above Down Trend Channel

https://admiralmarkets.com/analytics...-trend-channel - Your capital is at risk

USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017uj4.png
The USD/JPY seems to have carefully broke above the resistance (dotted red) of the downtrend channel (red/green), which could be a first signal that the wave 4 (purple) correction has been completed.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017uj1.png
The USD/JPY has completed a 5 wave structure (brown), which most likely completed wave 1 (blue). Price will most likely use the Fibonacci levels of wave 2 vs 1 as support levels. A break below the 100% Fib invalidates the wave count.

USD/JPY Countertrend Confluence at Rooftop Pattern

EUR/USD Long Bearish Wolfe Wave Confirmed

Not my favourite pair, but nice big (60 pips) Master Candle formed on EURJPY this early morning.

EUR/USD Bullish Zigzag to 78.6% Fibonacci Resistance

https://admiralmarkets.com/analytics...cci-resistance - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu4.png
The EUR/USD broke above the resistance trend line (dotted red) and is moving up towards the 78.6% Fibonacci retracement level of wave 2 vs 1. Any price action above the 100% level invalidates the wave 2 (brown).
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu1.png
The EUR/USD is expanding the correction via a WXY (green) via an ABC zigzag (orange).

Exactly!!

EUR/USD Looks Stronger After Trump's Speech

GBP/USD Continues within Wave 3 of Larger Zigzag

https://admiralmarkets.com/analytics...-larger-zigzag - Your capital is at risk

GBP/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017gu4.png
The GBP/USD seems to be building an ABC zigzag (blue) and price is moving towards the Fibonacci levels of wave C vs A. Within wave C (blue) price seems to be building a 5 wave (orange) structure.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017gu1.png
The GBP/USD broke above the 1.25 resistance and is in a wave 3 (orange) momentum, which could last towards the Fibonacci targets of wave 3 vs 1. A wave 4 retracement would be invalidated if price broke below the top of wave 1 (orange).

USD/JPY Arrives at Bearish 50% Fibonacci of Wave 4

https://admiralmarkets.com/analytics...acci-of-wave-4 - Your capital is at risk

USD/JPY
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017uj4.png
The USD/JPY is retracing back to the Fibonacci levels of wave 4 (purple) which could act as potential bullish support levels.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017uj1.png
The USD/JPY is in a bearish triangle (orange/blue) within a downtrend channel (red/green). A breakout above or below the triangle is needed before price could be expected to move impulsively. At the moment a wave 4 (orange) seems likely unless price breaks above the 50% Fib.

GBP/JPY Inverted Triangle Upside Broken

Don't Let Trading Become Gambling Addiction

EUR/USD Builds Rising Wedge Pattern at 1.0750 Resistance

https://admiralmarkets.com/analytics...750-resistance - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...-2017eu4-1.png
The EUR/USD has reached the 78.6% Fibonacci level of wave 2 vs 1 (brown) and is also building a rising wedge chart pattern (orange/blue), which is a potential reversal signal. Another major bearish resistance level is at 1.08-1.0810 which is the 88.6% Fibonacci. A break above the 100% level would invalidate the current wave structure.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu1.png
The EUR/USD might build a bearish reversal at the 78.6% Fibonacci level but it would need to break below the support trend line (blue). Alternatively, price could still be part of a wave 4 (grey) correction if it stays above the Fib levels of wave 4 vs 3.

If you liked the analysis and setups, you can vote in FXstreet awards 2017

Attached Image (click to enlarge)

Done

US Dollar Breaks Trend Lines and Recovers Impulsively

https://admiralmarkets.com/analytics...rs-impulsively - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu4.png
The EUR/USD has made a bearish turn at the 78.6% Fibonacci level of wave 2 vs 1 (brown) and has broken below the support of the rising wedge chart pattern (dotted blue). This bearish break could be a wave 1 (blue) of wave 3 (brown). The alternative scenario could be an ABC rather than a 1 (blue) which would indicate a larger correction.
1 hour
https://fxmedia.s3.amazonaws.com/art...01-2017eu1.png
The EUR/USD could be in a wave 4 correction (orange) within wave 1 (blue). After wave 1 (blue) there could be a deep pullback for wave 2 without breaking the top (this would otherwise invalidate the count).