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EURUsd bearish continuation in the trend line channel

Reloaded Posted 16 Dec.  in #Trader's blog #Trend #Eurusd #Support #Trendline #Bearish #Lower #Support Area #Continuation #Scenarios
As expected previously, the EurUsd pair has continued its down trend on Fryday. Currently its sitting on a previously broken trend line, which should provide some support for a while. From this level moving forwards there are only 2 significant options:
1. The market moves strongly to the upside and starts an new bullish trend or, the more likely scenario
2. The market breaks the current support level and moves further down to test at least the lower down trend channel line.
On a longer term vie…
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EURUsd losing gains

AdamFx42 Posted 1 Apr.  in #Trader's blog #Eurusd #Lower #What Next
EurUsd ends the week lower
After breaking above 1.08 EurUsd has given back its gains yesterday
I see no apparent reason for the loss
This must be a technical retracement back to the lows and support around 1.05
To me, this is another buy opportunity
and I will be looking for long Eur positions when the market opens
gl all this month
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EUR/AUD-Aussie fall boosted by RBA !!!

Metal_Mind Posted 26 Sep. as Analysis on EUR/AUD, Target: 1.4272, Date: 3rd of November, 12:00 GMT  in #Technical analysis #Currency #Aussie #Rba #EUR/AUD #Rates #Fall #Lower #Hurt #Exports #Boost
  • Charts: 1 Day,1 Week
  • Elements used: Fibonaci Fan Lines,Fibonacci Retracements,RSI,.
  • Current Level : 1.4469
…
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EUR/GBP - Trend Reversal !

Metal_Mind Posted 30 June as Analysis on EUR/GBP, Target: 0.8073, Date: 1st of August, 12:00 GMT  in #Technical analysis #Trend #Break #Reversal #Bullish #EUR/GBP #Price #Lower #Momentum
  • Charts: 4Hours, 1 Day.
  • Indicators: Fibonacci Fan Lines.
  • Prepared with : JForex 4.
  • Current Level : 0.8008
…
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GBP/CHF-2 Months Retracement!

Metal_Mind Posted 27 May as Analysis on GBP/CHF, Target: 1.4885, Date: 1st of July, 12:00 GMT  in #Technical analysis #Support #Resistance #GBP/CHF #Lower #Retracement #Months #2 #Zones
  • Charts: 4Hours, 1 Day.
  • Indicators used: Fibonacci Fan Lines,Fiboancci Retracements.
  • Prepared with : JForex 4.
  • Current Level : 1.5071
…
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Metal_Mind 25 June

UPDATE 1: The deviation is over 300 pips which is very far from target.

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Metal_Mind 27 June

UPDATE 2: Deviation increased to over 336 pips.

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EUR/AUD -Breaking Fan Lines !

Metal_Mind Posted 18 May as Analysis on EUR/AUD, Target: 1.4567, Date: 1st of July, 12:00 GMT  in #Technical analysis #Trend #Support #Resistance #Break #Bearish #EUR/AUD #Fan #Sharp #Lower
  • Charts: 4Hours, 1 Day.
  • Indicators: Fibonacci Fan Lines,Fibonacci Retracements,Pattern Analysis Widget.
  • Prepared with : JForex 4.
  • Current Level : 1.4619
…
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Metal_Mind 25 June

UPDATE 1:EXCELENT PREDICTION & GREAT QUALITY .The price level broke the fan lines as i epected and headed lower founding a ground support around 1.4355 price area very close to my forecasted support zone ,and shortly after the price extended over 200 pips higher coming very close to  meeting my target. Current price level is 1.4527 which is a 40 pips deviation from target. With several days to go this prediction has  enough time to hit target.

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Metal_Mind 27 June

UPDATE 1 : The deviation increased to 100 pips.

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EUR/GBP - Bearish price action !

Metal_Mind Posted 18 May as Analysis on EUR/GBP, Target: 0.8096, Date: 1st of July, 12:00 GMT  in #Technical analysis #Break #Bearish #EUR/GBP #Price #Action #Q3 #Lower #Reaction #Retested
  • Charts: 4Hours, 1 Day.
  • Indicators: Fibonacci Fan Lines,Fibonacci Retracements.
  • Prepared with : JForex 4.
  • Current Level : 0.8141
…
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Metal_Mind 25 June

UPDATE 1:EXCELENT PREDICTION. The pair had the bearish price action that i managed to predict so accuratly. In the first chart i  draw some support zones towards which the price action might be heading and where it can encounter resistance. My wiew at the time of analysis was that  the sell wave will find support at 0.8337 price level but the  momentum was much strong and the price action pushed lower finding  support in its lowest point at 0.7957 which is only 4 pips away  from 0.7953 my second support that i draw in the first chart.

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Metal_Mind 25 June

UPDATE1 -Part 2 :As i mentioned in this analysis the red circled area in the first chart was  very important  because it helped me predicted & project future price action developement based on historical price reaction. This idee of mine proved very accurate if we take into consideration that the pair found support at 0.7957 ,only 4 pips away from the support that i draw in first chart.Current price level is 0.8024 which is only 72 pips bellow  the target.This one truly remarkable prediction and has all the premises to hit the target.

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Metal_Mind 27 June

UPDATE 2: The deviation from target increased in the meantime  to  96 pips. This prediction still remain in the books.

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AUD/CHF- Range?

Metal_Mind Posted 28 Feb. as Analysis on AUD/CHF, Target: 0.7892, Date: 1st of April, 12:00 GMT  in #Technical analysis #Bearish #Pattern #Breakout #Bullish #Snb #AUD/CHF #Range #Lower

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Fan Lines,Pattern Analysis Widget,EMA 3,5,13,21,50,100,Time Markers.
Current Level : 0.7849

AUD/CHF is in a channel down formation very well identified by the pattern analysis widget.The quality of the setup is 61% and the magnitude level is 81% on a 1 Day chart.From my point of wiew the pair has already reached a major support zone but it seems there is a tendency to go lower or form a range.
On the chart bellow we can see very clearly that the …
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Metal_Mind 27 Mar.

UPDATE 1 :WRONG DIRECTION .DEVIATION 300 pips.

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CAD/JPY- Plummets!

Metal_Mind Posted 19 Feb. as Analysis on CAD/JPY, Target: 89.6700, Date: 1st of April, 12:00 GMT  in #Technical analysis #Bullish #Price #Action #CAD/JPY #Range #Lower #Reistance #Plummets #Sharply

Charts: 4Hours, 1 Day.
Indicators: Pattern Analysis Widget ,Fibonacci Retracements,EMA:3,5,13,21,50,100,200.
Current Level : 92.39
CAD/JPY encountered a Resistance at (101.05) after a strong bullish trend of 2800 pips that started almost two years ago. From there as can been seen on the chart, there where 4 consistent attempts to break lower 92.00 level unsuccesfull though, and that helped formed a small range area between (92.00 )& (97.50 ).
As you can see the pattern analysis widget identifie…
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Metal_Mind 27 Mar.

UPDATE 1: WRONG DIRECTION

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Trading Very Lower Time Frames - Noise or More Opportunities ?

alifari Posted 28 Dec.  in #Trader's blog #Noise #Opportunity #Lower #Time Frame
I often read on numerous forums where retail traders are reluctant to trade very lower time frames (VLTF) such as 30 second, 1 minute, 3 minutes, 5 minutes charts etc. They often complain about unreliable price action and lot of noise on VLTF charts.
However, in my opinion only people who can't read price action thinks VLTF charts are noise. To the uneducated its noise, to the educated its valuable price action.
Moreover, many traders associate VLTF with scalps but it is not the case. If you hav…
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kaled 28 Dec.

sir , I am struggling with 5 minutes charts , is Elliot waves true in this period

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alifari 29 Dec.

I use supply, demand & support, resistance regardless of anytime frame I am trading. Although I don't use Elliot Wave, but I consider highs and lows to gauge impulsive and corrective move to identify whether sellers or buyers are in control.

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