On daily chart the 50 Fib Line (1,1068) is take profit target and 1,0973 is stop loss level.
The trade analyses for mostly swing trading in Forex markets such as currencies, commodities and stock indices. Also some comments on markets and strategies.
22 Nisan 2014 Salı
USDCAD Weekly And Daily Overview - Bullish
On weekly chart we can see a pin bar and after that a rise occured. The bullish sentiment is continue over the mid bollinger band.
20 Nisan 2014 Pazar
GOLD 1 HOUR CHART IMPLEMENTED A BEARISH FLAG PATTERN
In 1 Hour chart, Gold price provided a bearis flag pattern. Price is now on consolidation area below the Ichimoku cloud. The possible break of this zone can bring another 35$-38$ fall. It is nice to try position. I won't miss it.
Stop Loss: 1307
Take Profit Target: 1260-1255
13 Nisan 2014 Pazar
Nice Pin Bar Has Formd On Daily EURNZD Chart
With a strong downtrend price has formd as a pin bar around a good resistence and a trend line. Also Bollinger Band's mid line hold the price. As previous Pin bar price action a couple of days ago, I expect another down movement. This is kind of a strong reversal sign.
Stop Loss: 1,6080
Take Profit Target: 1,5870
AUDUSD PRICE SEEMS TO MOVE SOUTH
Position was closed. Price can see a retracement. +50 pips.
Price is around a good resistance level with pin bar and a confirmation bearish bar. It can be between a wedge formation and next movement can be bearish. Stoch-Rsi was crossed on the up, CCI and RSI is on overbought area. Next target is previous resistence area.
Stop Loss: 0,9471
Take Profit Target: 09310
9 Nisan 2014 Çarşamba
CAD Acts Like Bearish Beside USD - NZDCAD is On Long Side
Position was closed. +48 pips.
Stochastic and CCI support that the possible long positions. Price is on bullish move daily time frame and over the ichi cloud. Kijun sen and trend line hold the level. The long side looks logical.
Take profit target: 0,9590
Stop Loss: 0,9387
USDCAD PRICE BROKE THE IMPORTANT LEVELS
-70 pips.
Price broke the 100 SMA, Ichi cloud's lower boundary, daily S1 level. With the FOMC minutes USD is loosing value. Some FED members said " Don't overvalue interest rate decisions on short term". Bearish momentum can continue around 100 pips from now.
Take profit target: 1,0773
Stop Loss: 1,095
7 Nisan 2014 Pazartesi
GBPCHF 20 Pips Opportunity
-30 pips
Near the Bollinger Band there is a possible dark cloud cover which is a sign of reversal. 1,4715 is 38,2 fib level. Price is below the ichi cloud. Bearish movement can continue. If the price hit the take profit, we will be looking to keep short positions. Possible break can bring us around 30 pips more.
5 Nisan 2014 Cumartesi
Possible Retracement on AUDCHF - Short Signal
+40 pips.
On AUDCHF 4H chart we can observe a divergence with CCI. RSI is on overbought area. Stochastic crossed as short signal. Also, previous bar is pin bar that is a reversal signal. Possible retracement can be occur. 40 pips gain is probable.
CADJPY Reversal Sign with Shooting Star - Short Position
+65 pips
The price formed in a shooting star which can be a good reversal sign. Of course a shooting star is not an only sign. It formed in an uptrend an it is aroundthe ichi cloud upper boundary, 0,5 Fib level, 100 sma and 200 sma. The bar closed below the moving averages. This signal is very powerful on daily chart. Therefore, entering a position is very logical.
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