Usdshort
USDJPY / 4H / POTENTIAL DOWNSIDEBias: Short
Technical setup: Resistance + wedge
Risk management: Maximum 2%
When we reach the trendline watch to see how price reacts, if we break the trendline continue holding your position as we may see further downside.
USDCAD / 4H / WEDGEIf we break this wedge on the 4h timeframe shorts will be triggered. This analysis is symbiotic with our higher timeframe outlook and may provide a longer term opportunity that will be conducive for several positions and thus a higher profitability trade.
Fundamentally this isn't the best pair to trade if equities continue to suffer but we'll listen to the market and adapt accordingly.
As always, wait for a break and close before entering.
US Dollar meets minimum expectations at 95.70The US Dollar Index has now rallied almost 200 points and has met our minimum projected expectation at 95.70 levels yesterday. Believe it or not, the short term rally that was anticipated could be complete at 95.75 levels, or very close to termination. Looking at the wave structure, an expanded flat corrective a-b-c also looks to be potentially done. If this count holds true, prices may remain below 95.80 levels and continue to drift lower below 93.80 levels going forward. A safe trading strategy could be to remain short until prices remain below 97.00 levels.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
USDJPY QUICK SHORTUSDJPY
jump in on the quick short. ive put a small stop loss should it reverse
enjoy
like, follow and comment :)
USDCAD --SHORTUSDCAD this is a nice place to enter for a short.
stop loss should just be above my blue line.
FOR THOSE THAT have been keeping tabs with
my analysis, you should have made lots of profit on this pair. :)
USDCAD - SELL OR NOT TO SELL :)USDCAD this is a nice place to enter for a short.
stop loss should just be above my blue line.
FOR THOSE THAT have been keeping tabs with
my analysis, you should have made lots of profit on this pair. :)
PLEASE LIKE, FOLLOW AND COMMENT
DXY / USD likely scenario well into 2019Thanks for viewing.
I count 5 small waves up in wave b from 94.43 to 95.74 (of (b) (of B)). My view and we are now about half-way through an upward correction (wave (B) that is part of a larger ABC correction down. I will be watching for the end of wave (B) to not exceed 103.82. If that occurs I will expect wave (C) to the mid-80s.
If 103.82 isn't exceeded and we get a nice wave 1 and wave 2 in a 5 wave down-move, I will be buying JPY, AUD, GBP, NZD, gold, possibly platinum, and silver - for a ~12 month hold. I expect all of these currencies (at least vs the USD) and precious metals to get rather tightly squeezed for the rest of the year.
Summary, minor move down over the next month or so,
then, a larger strong move up (wave (c) of wave (B)) that should take us to the end of 2018,
afterwards, a much larger move down (wave (C) - into the mid-80s) in late 2018 early 2019.
The reason for my bearishness? Despite being a bear in general, I can't feasibly count anything other than 5 waves down from 103.82 to 88 meaning it is one half (slight less or slightly more) of a larger downward correction. Good luck everyone and feel free to throw me a like, some comments, or criticism (I am not too careful with my wave degrees).
I am not a professional, a financial adviser, an experienced FOREX trader, or anything other than an independent amateur contributor so please do your own research. Good luck everyone.
** USDJPY - Short orders Pending **Although my bias was bullish from looking at the DXY Yesterday, todays movement has shown some weakness in the Dollar
Pending Sell stop at 110.923
T1 1:1
t2: 2:1
DXY / DAILY / BEARISH OUTLOOKWe're seeing technical potential for the USD's larger picture downtrend to continue. Maintain the relevance of this analysis throughout yours, specifically in your USD crosses as if this comes to fruition there's plenty of downside in the foreseeable future.
Inverse Head&Shoulders. Short the US Dollar.Will come down to complete the right shoulder and then should rally upto 102.
Dollar Index ResistanceHey traders! Hope you're having a good day wherever in the world you are :) So today I bring forth to you the dollar index which just doesn't seem like it doesn't want to give up it's monstrous run up in the past few weeks... until now I hope. I've drawn in what I think might be a good area of resistance and you know what that means. Time to look for shorting or long opportunities that are paired with the dollar and/or even commodities such as Oil, gold, etc.
So get to it and lets make some $$$$.
Im shorting USDJPY again Here after careful review, trend analysis and pattern recognition on the 1hr time frame for entry I have identified an SHORTING opportunity for the USDJPY pair. Take a look at my analysis I would love your feedback.
I am still going long GBPUSDHere after careful review, trend analysis and pattern recognition on the 4hr 1hr and 15m time frame for entry I have identified an LONG opportunity for the GBPUSD pair. Take a look at my analysis I would love your feedback.
DOLLAR - OVERBOUGHClear bearish divergence has formed
strong dollar slows down global growth even further = end of story
trade with care
Look for shorts in USDPLNIts OK to short USDPLN as it reached the fib arc level and is forming double top on 4 hours chart. Price will do the Elliot 1-5 wave cycle all the way down to the 0.5 fibonacci level - Gann angle, where it will make Elliott ABC correction and then will go up again...Watch closely the previous patterns as its again repeats the previous moves that I highlighted. The first Elliott wave should be to 0.38 fib level 3.63684 (first TP)
EUR USD - Interesting setupHello folks , come back to the forex! Today is the first friday of the month , so NFP USA , it would be surely a high volatility day because of this big impact news for the dollar. So my advice is to take position after the news , after the big volatility , but if you have a more aggressive approach , forget what i said! So there is a descending trendline that accompanied the EUR USD falling , now looks like is forming a triangle and this zone might be a good point to go long , with a SL below lows and TP around 1.20700 previous support zone, another reason is the strong falling , looks like need a retracement and this is what we want to take. Don't take that as financial advice and be careful to trade today , it would a high volatility day. Have a nice day!
USD CHF - NFP DAYPrice has been rejected 3 times from 1.0000 psychological wall. in 15 minutes timeframe got a strong bearish candle , i would take this signal with a SL above 1.00000 and tp1 around 0.99200 , a previous support zone and tp2 0.98400. So i think it's clear what's my position about USD today. Obviously as i said in the previous idea , be careful to trade today cause it would be a high volatility day. Have a nice and profitable day traders!
Shorting USD CHFHere i have analyzed the USD CHF pair meeting Resistance and falling from this zone for the remainder of the week. trade SAFE and have fun!! SECURE THE BAG
