EURJPY Bearish Cypher - 31st March, 2014

EURJPY Bearish Cypher - 31st March, 2014

Hourly Chart

• From my earlier analysis - EURJPY Forecast 31st, March 2014, I noted potential levels to look for, price has accelerated very quickly during london, and has past our first resistance area., Which now could come to our next resistance where a bearish cypher and trendline comes in

Outlook Trade opportunity

Bearish Cypher

Risk Level - Medium

Tips -

Always take note of any economical news event on our provided calender below

CADCHF Forecast & Trade setup 31st March, 2014

CADCHF Forecast & Trade setup 31st March, 2014

Daily Chart

Hourly Chart

• Although the Daily, Hourly charts MA has not crossed , on the H1 , price is trading below the 50ma
• Also 15min has crossed, and 30min is very close to being crossed
• With the Daily Candle Shooting star from a Good Resistance and with a sharp drop in price in the H4, shows good indication of a bearish trend for the week

Outlook Trade opportunity

I am already on a short during the asian session on Monday, If prices go retrace to teh highlighted level on my H4 chart above, it would be a good opportunity for a short for a smaller risk.

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

EURJPY Forecast and Trade Setup for 31st, March, 2014

EURJPY Forecast and Trade Setup for 31st, March, 2014

Daily Chart

• Positive Divergence in Stochastics while MACD stays above positive territory

Hourly Chart

• Trading below the Ichimoku Clouds, however nearing to test its resistance
• Trendline , and Important Fib levels also around the clouds
• Stochastics on H4 is overbought
• My bias is to short this and continue the bearish leg (AB =CD)

Outlook Trade opportunity

Look for candle formation around the potential resistance reversal zone as per H4 chart

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

Week Ahead Report on Youtube - @dodgyfx

Week Ahead Report on Youtube - @dodgyfx

Check out whats in the week ahead. Video produced by a friend all over in the UK

Check out his blog as well
http://dodgyfx.blogspot.co.uk/

Daily Candle's (Shooting Star or Hammer) to be on a look out for potential Trades

Daily Candle's to be on a look out for 

This is a list of the pairs which had a Candle Pattern to be on a look out for potential trades for reversals

• GBPAUD Hammer (2)
• CADCHF Shooting Star (4)
• EURCAD Hammer (3)
• EURNZD Hammer (3)
• AUDCHF Shooting Star (2)
• AUDUSD Shooting Star (3)

(Note 4 is the strongest)

Outlook Trade opportunity

To be on a lookout for any retrace and trade potential reversal

Risk Level Low

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD Scalp for today 31st March, 2014

AUDUSD Scalp for today 31st March, 2014

15 Minute Chart

• Long Trade (In overall bullish trend) - Expect bounce from Daily S1 + 50%+ 127.2
• Short trade (Against overall trend, but in trend of 15min - Expect rejection from Daily Pivot and 38.20%

Outlook Trade opportunity

Long and Short trade as chart suggest

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD Weekly forecast and trade setup for 31st, March, 2014

AUDUSD Weekly forecast and trade setup for 31st, March, 2014

• Have we topped and Bearish Cypher in play?

Weekly Chart

• Few weeks ago I have indicated the Flat Kinko Line (Blue line) which usually attracts the price towards it, This has obviously been achieved last week
• Stochastics is oversold, and I expect this week for prices to retrace down

Daily Chart

• From Fridays Candle it seems perhaps we have found the top or at least a breather with few resistance in play
• Upper chanel
• 127.2 fib ext
• 78.6 Cypher completion (around 2-3pips away from pin point)
• Previous Support which now is resistance

Hourly Chart

• Would be looking for price to break and close support of 0.9218 to confirm change of trend .

MOVING AVERAGE Charts

Daily Trading Above 200MA (but other MA's are messy)
Daily Trend - Unknown

H4 MA are in line in a bullish trend (50,100,200 all in sync)
H4 Trend - Bullish

H1 MA are in Bullish Trend (50,100,200 all in sync)
However price is flirting the 50MA
H1 Trend - Bullish

15min MA - perhaps start of bearish trend as the 50 and 100 crossed (200ma yet to)
15Min Trend - Bearish Perhaps?

MA trend - Still in a bullish Trend overall

Outlook Trade opportunity

• Would be looking for price to break and close support of 0.9218 to confirm change of trend

Risk Level

Tips -

Always take note of any economical news event on our provided calender below

EURAUD Bearish Cypher 28th March, 2014

EURAUD Bearish Cypher 28th March, 2014

Hourly Chart

*Sorry screenshot says gartley, its a cypher....

• Confluence levels of fibs highlighted on chart
• Also a previous support and resistance from yesterday
• Close to a 200ma

Outlook Trade opportunity

Short at the PRZ

Tips -

Always take note of any economical news event on our provided calender below

Gold - Cypher 15min

Gold - Cypher 15min

Outlook Trade opportunity

Long right now

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

USDCAD Analysis and Trade setup of Potential Bullish Bat pattern at a very good level

USDCAD Analysis and Trade setup of Potential Bullish Bat pattern at a very good level

Daily Chart

• Ichimoku clouds are near the monthly pivot and 61.8 / break out level
• Flat tekan and kijun line even though a bearish run 

Hourly Chart

• Bullish Bat -
• Reversal zone has excellent overlapping 61.8 and 88.5 fib as well as monthly pivot

Outlook Trade opportunity

See H4

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

GBPJPY Scalp 27.03.14 - Cypher / sell near yesterdays high

GBPJPY Scalp 27.03.14 - Cypher / sell near yesterdays high

Hourly Chart

Outlook Trade opportunity

Sell near resistance / yesterdays high during asian session
Also a cypher pattern

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

CADCHF Trade Setup Scalp - 26th March, 2014

CADCHF Trade Setup Scalp - 26th March, 2014

Hourly Chart

Outlook Trade opportunity

Selling around the fib retrace 50/61.8 level, which is the Weekly Pivot R1
- Saw a good rejection over night

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below

NZDUSD Trade Setup Scalp For Today - 26th March, 2014

NZDUSD Trade Setup Scalp For Today - 26th March, 2014

Hourly Chart

Outlook Trade opportunity

Sell at the 78.6 / 161.8ext /WR1 pivot and an S/R Area

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below

USDCHF Forecast and Trade Setup for 26th March, 2014

USDCHF Forecast and Trade Setup for 26th March, 2014

Daily Chart

• Shooting Star Candle on the Daily
• Stochastics crossing

Hourly Chart

• Stochastics and RSI divergence
• 
  

Outlook Trade opportunity

As shown on 4hr chart

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD Scalp plan for 26th March, 2014

AUDUSD Scalp plan for 26th March, 2014

Outlook Trade opportunity

Buying at the 38.2 fib confluence daily pivot and breakout level (support)

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below

USDCAD Scalp Plan for today 26th March, 2014

USDCAD Scalp Plan for today 26th March, 2014

4hr Chart & 1 hr chart

Outlook Trade opportunity

- Just trying to trade s/r with a sell and buy pending with tight stops

Tips -

Always take note of any economical news event on our provided calender below

AUDJPY Forecast and Trade setup for 25th March, 2014

AUDJPY Forecast and Trade setup for 25th March, 2014

• Bearish Cypher?
• Or could it go higher

Daily Chart

• Stochastics are in a very bullish momentum even though its over bought
• Descending trendline with two touches
• Broken Ascending Trendline which acted as resistance on two touches

Hourly Chart

• Potential three drive up, which completes at potential reversal zone (Cypher Pattern)
• Zone is also at 88.6 / 127.2 and Weekly R2 Pivot confluence

Outlook Trade opportunity

Possible Cypher Pattern

Risk Level Medium - Aussie strength is strong

Tips -

Always take note of any economical news event on our provided calender below

Gold XAUUSD Trade Setup for 24th March, 2014

Gold XAUUSD Trade Setup for 24th March, 2014

Hourly Chart

Outlook Trade opportunity

Have went long after a 15min pin bar from the 88.6 fib level, near term support. Looking for 1340+

Also is a cypher pattern

Cheers

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

EURJPY Forecast and Trade setup for the week 24th March, 2014

EURJPY Forecast and Trade setup for the week 24th March, 2014

Daily Chart

• Stochastics is having a positive divergence, however due the the market condition of the Nikkei index, I am biased to the downside

Hourly Chart

• Broken ascending trendline
• Negative stochastic divergence
• Ichimoku Clouds is nearing which could do as resistance
• I also see a cypher pattern complete right now on the hourly / 4hr

Outlook Trade opportunity

At writing this analysis, I have entered a short position targeting 139.90. However risk is high as we are trading close to support than resistance.

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD Weekly Forecast and Trade Setup for 24th March, 2014

AUDUSD Weekly Forecast and Trade Setup for 24th March, 2014

Daily Chart

Note - the small Daily Candle is actually a Sunday (my brokers Timezone)

• After the news from the FED it performed a bearish day last Wednesday, However market performed a bullish pin bar on the following day, and the bullish momentum did carry on till Friday
• Also the Major crosses to the USD, the Aussie was the most resilient.
• Most importantly we have had already couple of days which we are closing at this strong resistance (Monthly Pivot R1, and this weeks Weekly Pivot), This shows to me that there is still strength to the upside
• I believe there is one more leg up towards the 0.92-0.925
• There is a ascending channel which we are in
• Note that there is this harmonic pattern (cypher) which completes around 0.93

Hourly Chart

• Chart is taken around noon Asian session (monday) - you will see the 4hr pin bar (news affected sell off but rebounded)
• The Ichimoku clouds on the 4hr, is not far away, and could provide resistance to push the market to trade above 0.91

Outlook Trade opportunity

Any pull back towards 0.9030 would consider to open longs

Risk Level Low

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD Potential Levels to look for bounce / Scalp

AUDUSD Potential Levels to look for bounce / Scalp

• There are two levels today which has good confluence for a bounce
• The first one is at the 38.2 / 50% / 161.8 confluence (however this is done already and I have scalped this for 15pips
• The Second one is a 200ext / 61.8% / Daily Pivot S1

Tips -

Always take note of any economical news event on our provided calender below

EURUSD Forecast and Trade Setup 20th March, 2014

EURUSD Forecast and Trade Setup 20th March, 2014

H4 Chart

Looking for a bounce here from this falling knife ... as usual

• Broken ascending chanel

• Potential price to stall at the highlighted level / light blue level (1.375 approx)

• Overlapping Fib, + potential harmonic pattern completion

• US Dollar index is also close to my resistance

Cheers

Risk Level Medium to High - catching a falling knife

Tips -

Always take note of any economical news event on our provided calender below

GBPNZD Forecast and Trade Setup for 20th March, 2014

GBPNZD Forecast and Trade Setup for 20th March, 2014

Hourly Chart

Both charts is H1, (One with Pattern drawn in one without)

• We are trading into resistance, and with Price action performing minor pin bars, I was not too convinced to take a short due to the recent bullish momentum
• And the fact that price has been sitting around this area, is not appealing to me for a short

• I'd be more intended to short it at the confluence of the 78.6fib and 161.8fib ext and a trend line which also can be a bat pattern
• Stochs will also diverge if so

Outlook Trade opportunity

Short at 78.6

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD - What upcoming resistance do we have in play?

AUDUSD - What upcoming resistance do we have in play?

Daily Chart

• Fib Ext 127.20 is a strong resistance, and if we do break there, the next major is the completion of the cypher pattern.

You will see i have a Sell Zone which starts beneath this potential cypher pattern. Stops will be above 0.94 if i were to trade this for a medium / long term trade

I'll have a detailed analysis later guys.

Cheers

Hourly Chart

Outlook Trade opportunity

xx

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below