Downloading...
Download

Medianlines

GBPCHF heading down a bit but going up towards previous highesIdea is based on a combination iof median line analysis and Fibonacci ratios. Don't hesitate to ask if you want to know more. Chart contains all reasoning behind this technical analysis and concrete targets and stop loss!. One can argue that going long from current price is not bad considering the RR, however personally I would wait for the price to stabilize of head a bit higher before going long (if the green entry price is not reached) Good luck.
Long
by NQunlocked
5
NZDUSD fate seems to the downside but caution is needed!!!When one considers where price is at right now, then it is not yet possible to say with absolute certainty that NZDUSD is going lower. We are still sitting on top of a strong support line. Only when this line is broken and closed under (on 4hr chart) then I will have a bearish bias. The reasoning behind this technical analysis and concrete targets are shown on the chart. Be aware regarding the targets, the longer it takes to break this blue line the higher they should go based on the slopes where they are situated. Apologies for the humongous font size of the call outs, made the chart unclear!. Good luck!
by NQunlocked
9
USDCAD IS GOING DOWNMedian line analysis and Fib ratio's indicate that USDCAD can not close higher than last weeks high. Price is on the verge of breaking an Andrew's (gray) pitchfork that dates back to 09-04 and thus about to resume it's downward slope (blue pitchfork ) that dates back to 31-01. Expect price to form a double bottom with the lows from 08-05 before going up again. Chart contains all reasoning behind this technical analysis and concrete targets and stop loss. Good luck guys
Short
by NQunlocked
7
CADCHF Completing CorrectionAre we good to go? Is it a higher low, nicely placed at the lower median line parallel of the blue fork? It looks like CADCHF has found nice support at the 0.382 retracement, which is way above the half-way of the May rally and thus seems to be a factor conducive to further up trend advancement. I find the CAD to be very strong and to have a lot of latent bullish potential, and yet it is way oversold. The CHF is still relatively weak, although not as weak as the NZD. I expect this market to make it to the prior high (the green level) or even to the blue median line. The stops for this trade idea should be kept below the lows to the left, ideally below 0.8155. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell. Rather, you should use the information only as a starting point for doing additional independent research, your own due diligence, in order to allow you to form your own opinion regarding trading decisions. No assumption should be made in relation to the performance or accuracy of the methods shown. No claims are made as to the success or profitability of any of my posts.
Long
by ForceFollower
5
NZDUSD - Possible retracement to 0.83173Kiwi took a beating along with Aussie during the week. China's PMI might have provided some temporary relief but technical resistance at 0.8613 is likely to push Kiwi down to retest 0.83173 region which was past resistance which gave way, but was not tested for support. This retracement should provide a good opp. to long the pair again. The final target comes in at 0.9 Above set up offers a small counter trend trade if the high of 0.86944 is untouched targeting 0.84.
by justatrader
10
AUDCHF - When to go LongFrom the larger timeframe, AUDCHF formed an inverted H&S pattern. It failed to rally and retraced back to 38.2% of the rally. This tells us that the inv. H&S is still in play. Switching to H4 charts, with the help of the median line we see how price has been playing out. A risky trade would be to long at 0.822 - 0.8219 regions with stops below 0.81209. A safer entry would be to wait for price to interact with 0.8280 which should see a small resistance and then put in a pending buy at 0.822 and 0.825. Targets come in at 0.845 and 0.8538 Note: An ideal set up would be for RSI to test 40 from above (look to the left). Risk: If 60 RSI puts in a resistance, it could be indicative of RSI dropping back to 40 for support or the start of a downtrend. Therefore, once price moves considerable distance, cover long positions to BE.
by justatrader
2
GBPUSD Trending Slowly UpI expect this market to either retrace to a lower sliding paralel and then make a nice rally up, or go up right from where it is now. Those new highs didn't make much progres to the upside, so it looks like it wanted to retrace deeper, before it makes any further advancements. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
Long
by ForceFollower
13