Thread: Trap the Market

If you are monitoring the USDCAD, note that the pair is trading within a channel. If price neglects to break the lower trendline of this internal channel (navy colour) on the attached daily chart - there is very likely to be a further upward move to retest the top trendline. The channel is apparent on the 4H tf. Trade safe

KP

Originally Posted by ;

The answer to this query isn't an easy one.

Which issue? What is the question? Bro! Please stick to the focus of this thread. You may want to begin in the first post.

KP

The answer to this query isn't an easy one.

Originally Posted by ;

In case you want to track EURJPY for possible trading opportunities throughout the week, then you might discover my view about the pair useful. The pair is disposed southwards. Over the time frame, the pair is respecting an trend to the while in a sideways mode. The previous two candles made a break of this downside and an interior bar is likely to validate the continuation of the downtrend. Whereas a break to the upside is likely to be a retest of this nearby weekly resistance zone (around 116.70) initially but having a possible goal of this...

See attached charts.

I stay bearish on cable. This is why, symbolizing my perspective.

The pair has stayed mostly on the descent. Over the time period, price continued to honor the tendency line and the order flow is influenced by the bears. However, last week saw a weakening of momentum because the bulls resisted attempt by the bears to take out the low of the bearish candle made. The daily time period showed that the bulls had been powerful week as they pushed price up a bit but the sentiment favoured that the bears. But since the last four daily candles formed inside bars in a downtrend context there is a high probability that the downtrend will last.

You can get details of their weekly technical analyses on GBPUSD and EURJPY from a person technical outlook.

I may be incorrect. Trade safe.

KP

If you want to track EURJPY for trading opportunities you might find my view about the pair useful.

The pair is disposed southwards. On the weekly time period, the pair is respecting an inner trend. The two candles formed a rest of this disadvantage and an inside bar is very likely to validate the continuation of the downtrend. Whereas a break to the upside is very likely to be a retest of this nearby weekly resistance zone (approximately 116.70) originally but with a possible target of this outer trendline that's proximal to the next weekly service zone approximately 120.900. On the daily time period, the pair has been operating within a channel with a range of approximately 340 pips since July 2016. The order flow indies a downward movement from the section towards the channel's lower portion.

I might be incorrect. Trade safe.

KP

AUDUSD is operating in a range - within a channel. It is now in the upper extreme of this channel. It's possible to find a image of it from the 4H chart. Trade safe.

KP

If you are tracking the GBPNZD, you'll notice that it's continued to respect the trendlines about the weekly and daily time frames into the downside. It should be interesting to see how it reacts to the 61.8 Fib degree on its own pullback. See attached 4H chart.

I might be incorrect. Trade safe.

KP

Just my 10 cents:

The fundamental approach to getting a profitable edge on the market is to place your trap and wait for the very best opportunity to strike. Trade safe.

Originally Posted by ;

Weekly scan and analysis of both pairs provide a fundamental foundation for choosing key pairs to exchange and also the boundary conditions that define how the market is going to be monitored and stalked. During the week I'll stalk and monitoring the following pairs for profitable trading opportunities: NZDUSD, GBPNZD, GBPUSD and USDCAD. Here's my view about the USDCAD along with the opinion behind the trading chances I look for about the pair. The pair continues its ascent. On the weekly time frame, the pair is presently respecting an interior trendline following...

If you be considering details weekly top-down technical analyses of some different pairs, assess weekly top-down outlook.

Trade safe.

KP