2016-08-24: AUDUSD H1 - Intra-Day Market Timing2016-08-24: AUDUSD H1 - Intra-day market timing:
I'll be looking for a BUY signal at around 17:00 GMT (+/- 2 Bars).
This idea is void if price closes below the lows within the specified period. This usually happens at strong price support/resistance levels and could mean a possible inversion.
Let's see how it goes..
Happy Trading
Projection
2016-08-24: NZDUSD - Intra-day Market TimingI'll be looking for a BUY signal at around 17:00 GMT (+/- 2 Bars).
This idea is void if price closes below the lows within the specified period. This usually happens at strong price support/resistance levels and could mean a possible inversion.
Let's see how it goes..
Happy Trading
MRIN is checking its gapYesterday Marin Software Inc. (MRIN) finished its trading day with bulls loosing the fight to the bears. However the former left a big technical mark on the latter. There is a long lower shadow which might prove bullish momentum and reinstate a down gap that happened on May 6th 2016 as a resistance. By means of measuring the high-low price inside the box we would project the price go up to 3.26.
For more ideas visit mercuriusam.wordpress.com
XAU/USD: Closing into a major support !After a dive of the past two weeks finally we are approaching an important level of structure
this support is in confluence with a minor fibonacci (0.50%)
In the higher time frames this could be seen as a Trend Continuation Trade, but for us, we just want to chunk some pips out of this leviathan that is why 61.8% is target 2
Remember guys: Eyes on your mind, not on your trade
Thanks
CortesTeam
USD/CAD H4 - Short setup - ABCD pattern / 3-D pattern projectionPrice will pressure channel resistance and bear divergence suggest that the price is about to fall and retest daily support at 1.2720
I’m just waiting for reversal bar pattern inside PRZ to consider a short position.
On H1 chart, it looks like the price will retest near resistance at 1.3059 before downtrend starts (bull divergence is present).
(4h) Harmonics, Cluster & The Previous Structure // IF=THEN ®FX:USDOLLAR
CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD
BUTTERFLY
Point B:
78.6% XA
Point C:
38.2% AB
88.6% AB
Point D
161% ext BC
261% ext BC
Targets:
TP1 61.8% CD
TP2 127% CD
Safe Trades;
EUR/USD - H4 Possible long setup - Shark pattern projectionPrice is breaking channel support, but a bullish divergence is present and if it remains, a bearish Shark pattern can be projected.
Wait for reversal bar pattern inside PRZ box (use H1 chart if necessary)
Others points that supports the reason to consider a long position:
- Bullish divergence is present on D1 chart
- A bearish Shark pattern on USD index and a bullish Shark pattern on EUR index are completed (both on H4 chart)
EURGBP - H4 Short set up - Pattern projectionFollowing analysis form W1 and D1, on H4 chart the price is pressuring the resistance channel and a bearish divergence is present. A bullish Shark pattern projection emerges and could be a good opportunity to go short pointing channel support.
On H1 chart, a bear divergence is present and you can project a bullish Shark pattern too...
EUR/USD H4 - Contracting triangle broken - LONGContracting triangle broken and now the price is following pattern projection (green) on D1 chart (see link below)
On H4 chart, a new channel has formed and a bullish 3D pattern emerges. Bear divergence is present, so it coul be a good idea to trade:
1) Short, targeting 61.8 - 78.6 fibo retracements and after that,
2) Long, targeting 127.2 - 161.8 fibo retracements
As a recommendation, wait for reversal bar pattern inside PRZ box (use H1 chart if necessary)
GBP/USD H4 - Sell and Buy possibilities- Bearish divergence is present.
- The price is under pressure (see indicator) and testing near resistance at 1.4471 and pointing to Weekly resistance at 1.4632, so be careful if you want to trade short position for this projected pattern.
- Recomendation: Always wait for a reversal bar pattern inside PRZ box
EUR/JPY D1 - Trying to go up - Pattern projectionIt’s have been a good rally for this pair and now it wants to get higher but looks that there is not enough fuel, even though there is a bull divergence and a reversal pattern present, the resistance at 129.81 could be strong.
Bear divergence suggest that the price will back a little bit down and probably to form a bullish pattern in days ahead. For now, there could be possibilities to enter short in lower TF’s
SHORT EURAUD: BAT + 2 TRENDLINES + PIVOTSEURAUD has completed a bearish bat pattern in a PRZ that aligns with resistance provided by 2 significant trendlines. Missed pivots sit below price to add to the bearish bias. SL is placed above trendlines with target at .618CD.
Confluence in the PRZ:
1. Bearish bat pattern completion
2. Significant trendline resistance
3. 2BC projection
4. 2.618AB=CD
5. Missed pivots below price
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Short USDCHF: Bearish Shark to PivotsUSDCHF has completed a bearish shark at confluent reversal zone. Unhit weekly and daily pivots add pressure to the downside. The new unhit daily pivot aligns with .382cd and makes for a nice target level. SL above S/R provides a substantial R/R. A more aggressive T2 may be placed at .618CD.
Confluence in the PRZ:
1. Bearish Shark Completion
2. 1.618bc
3. 0.786XA
4. 3.618ab=cd
5. 0.618 0-1
5. Trendline Resistance