AUDUSD Forecast and Trade Setup for the week 3rd March, 2014

AUDUSD Forecast and Trade Setup for the week 3rd March, 2014

Monthly Chart

• Positive Divergence on Stochastic
• Last month Candle ranges are similar to January - (but closing higher)

Weekly Chart

• Weekly Candle still slightly bearish
• Ichikumo Line is flat (blue line), which usually attracts prices there (in this case higher)

Daily Chart

• Thursdays Candle was pin bar from minor support of fib level of recent support, however Friday's candle was negative, but did not penetrate lows of Thursdays Candle
• We can still be bullish from the support, however it would not surprise me if prices go lower to test the marked level of support which we never retested after we break out, and from there if perform a bullish candle, the reward is excellent

Hourly Chart

• Market is trying to push lower, however we are again trading at minor support which performed a pin bar reaction on Thursday. If this penetrates lower, prices should stall and rebound from the area marked on the chart which should be quite easy to see why.
• Major Support and never retested after breakout
• 127.20 fib ext from recent swing high to low
• Overlapping Fib of 61.8 and 50 (which are very strong fib levels)

Outlook Trade opportunity

Traders should wait and see if prices will go lower to test the support, / or even place pendings there.

Risk Level LOW

Tips -

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

AUDUSD Forecast and Trade Setup for 28th of Feb, 2014

AUDUSD Forecast and Trade Setup for 28th of Feb, 2014

Sentiment - Bullish

Daily Chart

• Pin bar at support performed
• Which is also the 38.2 from the lows to the recent highs)
• Trading in the Ichimuko Clouds 
• Inverse heads and shoulders 

Hourly Chart

• Inverse Head and Shoulders
• Rejected from Weekly S2 pivot and also trend line drawn

Outlook Trade opportunity

My view on the Aussie is bullish (which was the same view since last week)
Yesterday Daily candle closed with a very good pin bar from a support area, and we should take opportunity to get on to the bullish run to recent highs to test resistance and possibly break higher.

Risk Level LOW

Tips -

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

EURAUD Cypher Setup for the week 26th Feb, 2014

EURAUD Cypher Setup for the week 26th Feb, 2014

Outlook Trade opportunity

Potential Cypher

• at minor support 
• X is also a MAJOR support
• The 78.6 (PRZ) is also near the 161.8 of last weeks high and this weeks low.

Risk Level LOW

Tips -

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

EURJPY Daily Forecast and Trade setup for the week 26th Feb, 2014

EURJPY Daily Forecast and Trade setup for the week 26th Feb, 2014

Weekly Chart

Daily Chart

Hourly Chart

Outlook Trade opportunity

A Scalp Trade as I have spotted an area of overlapping fibs of 50% and 61.8% as well as inverse fib 127.20 ext of yesterdays low to high, There is also minor support at this level

Risk Level Medium

Tips -

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

EURCAD Forecast and Trade setup for the week 26th Feb, 2014

EURCAD Forecast and Trade setup for the week 26th Feb, 2014

Daily Chart

• MACD negative divergence is spotted
• Monthly pivot is holding very well based on daily candles reaction there

Hourly Chart

Overall trend is bullish, looking for Scalp trades here,
I have one at the 50% retrace and 78.6% retrace

50% Retrace level - 

• Its a overlapping of a 23.6% from low of Jan and this months high,
• Its also a 127.20 fib ext of the highs from this last week
• Look left, its previous s and r

78.6% Retrace level - 

• Cypher Pattern (ugly one though)
• Overlapping 38.2% from low of Jan and this month's High
• Look Left, Previous Resis and Support (however you may argue there is a stronger one at the 100% obviously)

Outlook Trade opportunity

See Hourly Chart

Risk Level MEdium

Tips -

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

AUDUSD Example of our winning trade with a Low risk high reward entry

AUDUSD Example of our winning trade with a Low risk high reward entry

As per my trade setup posted this morning, price actually reacted very well.

- We got a 3 to 1 win (Risk 9 pips, and gained 27 pips)

Note - closed my trade, although i still see a new high in the aussie

Here i'd like to share with you a very good strategy when entering trades.

Steps

1) Wait for Price to react from the level (best is 15% of 5 day ADR)

2) Enter at a 61.8 or 78.6 with stops at PRZ (few pips below)

• By doing this, you already eliminate the chance of price shooting through your anticipated level of reversal, so your chances / odds increase dramatically
• For scalpers, your win rate should be around 90% of the time if you take 1risk:1reward , usually we get 1:2

*If price doesn't get to fill our entry, doesn't matter! find another trade!

Advanced considerations

- If US Dollar pair, check the US Dollar Index Chart

- If Yen check the nikkei

- Also look at a highly correlated pair

 Happy Trading!

AUDUSD Daily Forecast and Trade Setup for 25th Feb, 2014

AUDUSD Daily Forecast and Trade Setup for 25th Feb, 2014

Hourly Chart

Outlook Trade opportunity

Level to watch is the 38% fib retrace level from yesterdays big run.
It is overlapping the 50% retrace from this months low to high level, as well as Monthly Pivot and Daily Pivot

Risk Level - Low

Tips -

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