Price target Pivots Fibonacci - world best forex trading signals

Price target Pivots Fibonacci ~ world best forex trading signals

Head and Shoulders neckline

Butterfly sell pattern

Chart pattern Price target

On the daily Chart of the EUR/USD we see a Head and Shoulders Chart pattern. The Euro closed at the brown neckline on the 5th of July and broke through the neckline on the next trading day, which triggered the Head and Shoulders pattern.


A close at Support/ Resistance levels, like the close at the Head and Shoulders neckline (blue circle), often weakens this Support/ Resistance level (see Breakout Trading/ Breakout Timing) so that a break of this S/R level (for a true breakout or a false breakout where price bounces back strongly - Stop Running and fooling breakout traders) is likely.


The target of the Head and Shoulders pattern is often the 100 % Fibonacci Extension level from the price range of the largest swing of the Head and Shoulders formation moved to the neckline break. The smaller 61.80 Fibonacci Extension level also led to a minor price reaction of the EUR/USD.

The EUR/USD bounced from this Head and Shoulders price target and started a strong upward leg after hitting the 100 % Fibonacci Extension price target of this chart pattern.

Daily Head and Shoulder pattern

The 4 hour chart below shows that the recent up move in the EUR/USD market found resistance at the monthly S1, which coincided with the daily Resistance (pink line) and the consolidation price zone of the small and tight consolidation chart pattern on the left side of the 4 hour chart below. Hence, the level around the monthly S1 at 1.2388 was likely to lead to a price reaction due to the confluence of different resistance levels.

4-hour Eur/Usd Chart Analysis

The 1 hour chart below emphasises the importance of Pivot Point analysis. The daily Pivot at 1.2243 led to a strong upward move and marks the low of todays trading range, whereby the daily R1 and the monthly S1 capped the market price besides the other reasons mentioned above.

The red ellipses show Breakout Timing setups, where market price closed at Support/ resistance before breaking it with the start of the new candle, whereby the blue ellipses are marking price reactions at important Support/ Resistance.

1-hour Eur/Usd Chart Analysis

The 5 min Euro Chart shows the importance of the daily Chart level at around 1.2290 where marked price reacted repeatedly. Furthermore, the daily chart level also changed its role between support and resistance repeatedly depending on price action in regards of true/ false price breakouts of this level.

In addition, there is a Butterfly sell pattern on the 5 min EUR/USD chart, which worked out very well. The failed breakout of the consolidation pattern (green circle) to the upside terminated at the monthly S1, which coincided with the 127 % Butterfly level, and price broke through the opposite consolidation boundary with strong momentum.

5-min Butterfly sell pattern

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EURUSD Market Pivot Point On April 30 (updated) - mb trading forex reviews

EURUSD Market Pivot Point On April 30 (updated) ~ mb trading forex reviews

EURUSD market Pivot Point results On April 30, 2015. This results was generated by using our HotForex tools. And this tool has been generated from the Floor Pivot points , Woodie Pivot Points, Camarilla Pivot Points, Demarks Pivot Points.

For other Currency market pivot points, please to use our tool here : Forex Pivot Point Tool Gerenator. I Hope it will be useful for you. Thanks for visiting my blog. Good luck in your trading Forex. Regard, Tom Berlino.

Auto generate pivot point tool for currency market of EURUSD.

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Market Gap Trading - free forex day trading signals

Market Gap Trading ~ free forex day trading signals

Market Gaps Analyzed

Closing the Market Gap

1 hour Gap Trading 

The Euro gaped up to 1.2748 and from there EUR/USD started to move down and completely retraced/ closed the market gap and the market even fell much further.

The 2 a.m hourly candle found support at the 10 SMA (red line) and the Euro started to retrace up to 1.2725 supported by the rising hourly 10 SMA. After the end of the upward retracement the Euro resumed its downtrend and closed todays gap.

The 8 a.m. hourly candle respected (touched) the hourly 20 SMA (purple line) after the Euro consolidated between the 20 SMA and 200 SMA on the 5 min chart, and the Euro initially broke through the 20 SMA with the beginning of the new hourly candle at 9 a.m. (London open- green circle on 5 min chart).

The Euro found some temporary support at the pink line (low of January) and formed an abc-retracement up to the monthly pivot point. From there, the Euro bounced back and penetrated the pink line again but market could not confirm the breakout on the 5 min chart.

5 min  Daily Gap Trading Setups

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Will Gold hit 1000 before the year runs out - forex live trading room reviews

Will Gold hit 1000 before the year runs out ~ forex live trading room reviews

In recent weeks, Gold has been trending down rapidly breaking barriers along the way. Will this dip continue? Well its just a matter of time.

Going by the weekly chart,price broke out of a triangle in high momentum after 14 months of formation. This triangle marked the successful completion of wave 4 .

 Price is running down to complete this impulsive move which could end at 1000 ( the next support) before the year runs out

The intra day (H4) chart is not contradicting the bearish move. The bearish move that happened immediately after the triangle formation has successfully completed three waves.

 Presently, its enclaved in the triangle of its own which will be completed at the successful break of the lower boundary of the triangle.

In the other way, price might break the upper boundary of the H4 triangle to test the resistance at 1240 thereby forming a zigzag corrective pattern instead of the current triangle before resuming the bearish move.

The breakout of the H4 triangle is very important to what corrective pattern we could have. A break below it will make gold dip and head to 1000 while a break above it will test 1240.

As price moves further, i will keep an update. Dont be far.

Let me add you to my mailing list to alert you of my latest findings.Send your e-mail to forexmaster05@yahoo.com

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Ending diagonal on Gbpchf - forex trading mentor reviews

Ending diagonal on Gbpchf ~ forex trading mentor reviews

I have some good runs on this pair and its stance to form patterns that I vividly understand makes me stay close to it.

Price is presently resuming the general bullish run which started in 2013. The general trend is Up! 

We saw the end of the 2nd wave zigzag corrective pattern and the resultant up move which broke  the resistance zone (indicated by the blue rectangle) showed that the correction is over and the trend has resumed upside.

Price is showing the end of wave 3 of the motive wave 3 with an ending diagonal which would make us expect a sharp corrective move downside. This resultant corrective move should end between 1.5430 and the support zone (1.5314-1.5280) before the bullish trend resumes.

Any dip below the support zone indicated will be a threat to the bullish trend.
I am expecting more price data/candles to ascertain the next big move
I will keep an update.

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Mr Prabakaran Feedback form Excellent course with perfect strategy for any market 100 must professional course - forex day trading tutorial

Mr Prabakaran Feedback form Excellent course with perfect strategy for any market 100 must professional course ~ forex day trading tutorial

Mr.Prabakaran Feedback form: Excellent course with perfect strategy for any market, 100% must professional course

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Market Manipulators cleared the stops - best forex day trading signals

Market Manipulators cleared the stops ~ best forex day trading signals

Taking out Stop orders

Hammer Candle Pattern

The Euro

1-hour Clearing of  Stop Orders by Manipulators

gaped down to the monthly S2 Pivot in the Asian session and from there the Euro retraced up to the hourly 10 SMA.

The following downward swing terminated at 8:55 a.m. GMT at 1.2082 with the creation of a hammer candle pattern/ price rejection (5 min chart red ellipse).

The Euro moved up and slightly penetrated the recent high to reach 1.2139 (green line) before marked rolled over and then penetrated the recent low at 1.2082 (blue line). This price action was purely Stop Running. The Market Manipulators cleared the stops at the recent Highs and Lows (no confirmation on 5 min chart).

The relatively long 1 min breakout candle at 1:42 p.m. (not shown) suggests the clearing of many stop and pending limit orders. Market did not close below the recent low (1.2082-blue line) on the hourly chart. The clearing of the stops on both sides (low/ high) sometimes precedes larger moves as the mainstream traders are already stopped out or fooled into the wrong market direction.

In the US Session, the EURUSD Manipulators also cleared the stops above the new high with a slight breach of this level after market already took out the stop market orders at the low of todays market range.

The red ellipses on the hourly chart shows Breakout timing setups at 7 a.m. and 1 p.m.. The Euro closed at the monthly S2 (respecting support) and market moved below it with the beginning of the new hourly candle (Termination of the bear flag/ consolidation at 7 a.m..).

We will see whether the gap opening at 1.2156 (brown line) will be closed soon.

5 min Candle Pattern Hammer | Stop Running

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Usdcad Taking One More Push Upside - premium forex trading signals

Usdcad Taking One More Push Upside ~ premium forex trading signals

The price of Usdcad is predominantly determined by the crude oil markets. The negative correlation between them is so strong that as soon as oil price begins to fall, Usdcad immediately begins the rise in almost similar manner.

Since 2011, the trend of Usdcad has generally been bullish in what should be an impulse wave C of a cycle corrective ABC.

The C wave may have peaked at 1.3435 (100% fibonacci projection of wave A from B) but the impulse pattern doesnt look completed yet.

Price is probably in the 4th wave (a RUNNING FLAT corrective pattern shown in yellow) of the 5th wave of this impulse wave.

Price could rise in a 5th of 5th wave which would be expected to be the last push upside before the expected long term bearish move starts.

Price could rise to 1.4000 and 1.4255 price levels. The reaction at this level will detertmine whether the bears have a chance to drive price down in the long term.

Price should meanwhile be contained above 1.2770. A bridge of this level downward could mean that the 5th wave has already peaked at 1.3435 as earlier mentioned.

I favour more rally and only a bridge of 1.2770 will change my thought.

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Resistance becomes Support - how do forex trading signals work

Resistance becomes Support ~ how do forex trading signals work

Resistance/ Support levels

Changing Role of Resistance and Suppor

1 hour Trading Signals  | Changing role Resistance to support

Resistance becomes support

On the 1 hour chart we see the changing role of the key level at 1.2588 (August 2010 low-orange line). Yesterday in the US session the Euro closed below this level at 3 p.m. GMT and in the following the Euro found resistance at the orange line. However, the Euro got supported by the hourly 200 SMA (black line) and the EUR/USD move above the orange line again in todays overnight session. Now, the orange line acted at support  (prior resistance becomes support) and the Euro did not close below this level on an hourly basis.

EUR/USD penetrated the orange line between 9 a.m. -10 a.m. but market bounced back again from the 200 SMA (yesterdays consolidation also provided some support at this price level) and closed finally above the key support on the hourly chart. From there, the Euro moved up to the next key level at 1.2624 (pink line-January low).

The Euro could not overcome this level for a while, however, EUR/USD also did not significantly bounced back from this resistance. The resistance got further strengthened due to the daily pivot at 1.2629. Market formed a bull flag on the hourly chart and the Euro broke through resistance (pink line) with the beginning of the 2 p.m. hourly candle after market repeatedly slightly penetrated this level during the three hour consolidation (bull flag-eroded resistance over time). Moreover, the bull flag terminated exactly at the 100 % time projection of the prior upswing (A-B at B, 5 min chart below).

After the break of the strong resistance (pink line) market gained strong bullish momentum. The 2 p.m. hourly candle closed above the weekly pivot, the 3 p.m. hourly candle above the monthly pivot and the 4-hour candle closing at 4 p.m. closed (respected) at the 61.80 % fib retracement and market breached the 61.80 % fib retracement initially after the 4 hour candle closed (red circle on hourly chart).

5 min Day Trading Strategies

On the 5 min chart we see that the Euro initially moved to the 61.80 % fib extension (A-B at C) after the breach of the pink line. The Euro found some resistance there and bounced back to find support at the rising 10 SMA (red line) on the 5 min chart and the Euro got repeatedly pushed up after touching the rising 10 SMA (strong bullish momentum).

The 5 min chart also highlights the changing role (support/resistance) of the orange line. EUR/USD repeatedly reacted at this level (1.2588).

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Gbpusd Intraday Market Update - saxo bank forex trading reviews

Gbpusd Intraday Market Update ~ saxo bank forex trading reviews

I will be building on the analysis I did on 22nd of this month. You can scroll down the blog or click here. 

 

I noted an ending diagonal as part of the zigzag pattern that I thought could end wave 4 of the larger wave in order to be part of the potential large move downside.

 

I put a sell order at the break of the diagonal and soon market started moving up and down showing the diagonal might not have finished forming. A diagonal is usually followed by sharp moves

 

I exited the trade manually with -70pips in order to analyse more critically.

 

At the end of trade on 25th February, I saw that ending diagonal was still intact with double zigzags in between its legs. 

 

 

The fibonacci extension of wave A from B has pierced the 161.8% and price is now heading to 200% fibo extension level at 1.5560 and its neighborhood. 

 

This level could mark the last wave to complete the diagonal before a crash down.      A crash down could happen if the 200% level holds and price breaks below the support trendline of the diagonal.

 

Zooming down to the 15minute chart, something very interesting also surfaced.

 

  

    The supposed last wave of the expected diagonal formation, vividly seen on 15 minute chart is also forming a diagonal. 

 

This would be a massive move. That will be dual time diagonal formation.

If the 200% holds at the turning point, i would trade aggressively at the break of the 15 minute ending diagonal. 

 

A conservative way of trading is by waiting for the 1 hour diagonal to be broken downside by price. Proper stop order should be done with good money management.

I will see you in the next update.

Join my mailing list, send your e-mail address to forexmaster05@yahoo.com

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Cadchf In a Triangle - forex trading machine review

Cadchf In a Triangle ~ forex trading machine review

On 23rd of september, I posted my view on this pair based on elliot wave analysis, you can read here.

Price has not been moving downwards as i forecast. With more price candles formed especially on the 4H chart, I have now come with an alternative wave count. Let me stress it that the two wave counts are still valid until price proves one correct and the other incorrect.

Price presently is consolidating in a triangle pattern and a break below it will support the bears and the first wave count will thereby be valid.

Going by the alternate wave count, the 5-wave bullish impulsive move explained in the first analysis might not be ended yet, It could be the wave 1 of the 5th wave of the impulsive move which started from 0.8400 support level and the present triangle could be wave 2 of 5.

 If the triangle is broken upside, price should continue the upside move to 0.8690-0.8700 which is a strong resistance.

Breakout of the triangle should decide the next medium term movement of this currency pair and I will watch out closely to be part of the move.

I am presently out of my bear position. I want to be sure of the next move before I join again.
I will keep an update of this pair as price movement unfolds

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Market News Trading - dux forex trading signals

Market News Trading ~ dux forex trading signals

FOMC News Release

News Trading in Forex

1 hour Market News Release FOMC

The daily EUR USD trading high of  the 11th of June at 1.2669 is another key level (blue line). Today, the Euro found some support at this key level in the Asian and beginning of the European session (hourly chart above). The Euro USD traded in a tight range prior to the FOMC market news release.

On the 5 min chart (below) we see that market formed a kind of Head & Shoulders pattern (ABCDE). The break of the brown neckline got confirmed with the news release at 5:30 p.m. GMT.

Just prior to the news release at 5:25 p.m. the Euro Dollar bounced back from the 100 % fib extension from C-D at E and market closed in the trading range of the preceding 5 min candle.

 After the news release the Euro (5 min candle-5:30) initially moved down to the Head & Shoulders target at around 1.2665 (B-D at F - blue circle, F= neckline break), also 161% fib extension C-D at E. From there market bounced back before the Euro resumed its downtrend to the weekly pivot point where the Euro found strong support and moved up again.

The Eur USD found some resistance at the brown neckline (touched-respected it, red circle) before market finally broke the neckline to the upside with the beginning of the new hourly candle at 6 p.m.. The chance of a temporary continuation of the uptrend and a breach of the high of the 5 p.m. hourly candle got increased due to the 5 p.m. hourly rejection candle (long tail) and the hourly close at the neckline. The 6 p.m. hourly candle breached yesterdays trading high.

Volatile Trading Environment

The volatile market after the news release led to a clearing of the stops below and above todays "pre-new release" trading session, which is not untypical for a news release (stop fishing targets).

5 min FOMC news trading

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Intraday Update on Eurusd - forex trading education reviews

Intraday Update on Eurusd ~ forex trading education reviews

On 21^stNovember, I did an analysis on Eurusd, you can read here,when I discussed about an expected move of Eurusd down to the support zone ( 1.2150 and 1.8850) if the intraday zigzag channel is broken downward.

Price broke the channel mentioned above and is presently retracing to the neckline of the channel or ( 50% retacament of the intraday wave 3 to resume the bearish move to the expected zone before deciding what to do next.

If the present retracement happens to break 1.2600 upward, the bearish analysis is invalid

I presently have my pending sell position at 50% retracement of the most recent intraday bearish move

I will update you as it goes.

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Changing Role of Support to Resistance - free accurate forex trading signals

Changing Role of Support to Resistance ~ free accurate forex trading signals

Support and Resistance Trading

The Euro USD very often respected the different daily and weekly Pivot Points as support and resistance on the 5 min Intraday Chart. The daily Pivot Point held the sharp intraday downtrend after the Nonfarm payroll release today and the Euro USD reversed sharply up for new highs in the trading session. 61.80 % and 100 % Fibonacci extension levels also helped to determine intraday support and resistance zones.

The Euro moved only shortly into the 1.37 vicinity before retracing back. The daily R1, daily R2 and the weekly R2 beautifully show the changing role from resistance to support. The daily R1 was resistance at 7 a.m. GMT and after resistance got broken the resistance became support between 10 a.m. and 2 p.m.. Similarly, the daily R2 and the weekly R2 acted as resistance before the role changed depending on the vicinity of price action.  The chart formation at around 10 a.m. GMT might be seen as a small Head and Shoulder pattern at the daily R2 resistance.

5 min Changing role resistance to support

The below EUR/USD Chart shows how the monthly R2 Pivot point changed its role from resistance  (at 11 a.m.) to support after market broke this resistance level and confirmed the breakout at about 3 p.m..

5 min Resistance becomes support

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Trading the Market High of (updated) - forex price action trading signals

Trading the Market High of (updated) ~ forex price action trading signals

EUR USD Market High

After the Euro USD broke out of the larger consolidation pattern on the daily chart last week market approached the high of 2012 yesterday at 1.3486. Market closed at the high of 2012 yesterday and today the Euro broke through it (Breakout Trading/ Timing- see red circle). A similar pattern occurred at the monthly R1 (red circle), where the daily candle also closed at the monthly R1 before market broke the monthly R1 with the next daily candle.
Currently, the Euro USD is trading at the monthly R2.

Daily - Support/ Resistance

Todays rise started with a kind of bull flag between 8 a.m. and 9 a.m.. The Euro USD rose to the monthly R2 at 11 a.m. where market temporarily found resistance. Market broke the monthly R2 with the beginning of the new hourly candle at 3 p.m.. The 5 min candle at 3 p.m. closed at the recent daily high and the next 5 min candle broke this resistance (red circle-Breakout Timing). The  monthly R2 changed its role from resistance to support and held the market so far. 

5 min Euro USD Pivot Points, S/R

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Market Range Trade Setups - trading signals forex peace army

Market Range Trade Setups ~ trading signals forex peace army

Trading a Sideways Market

Trading in a Range

Euro US Dollar market is in a sideways trading range.
Market is waiting for the Nonfarm Payroll Release on Friday, 01.02.2013.

The Euro US Dollar stayed in a sideways range and sideways market on the hourly time frame till now.

The daily Pivot Point and the weekly R1 Pivot held the market today. Fibonacci analysis and Pivot Points provided some possible trading setups in the sideways market to trade the market range in the EURUSD (see chart below).

5 min Fibonacci Setups and Pivot Point anaylsis

Another Example for a sideways trading range bound market

The Euro Dollar traded in the hourly consolidation range around the low of November 8th (see EURUSD Chart below).

The European session started with a Stop Run at 6 a.m. GMT. This false breakout on the 5 min Euro chart led to a price reversal of the EUR/USD. Market moved down to the 1.27 level in an impulsive move. However, market price action was capped in the range of this impulsive move during todays trading session.

At 1.10 p.m., the Euro Dollar reversed at the 1.2735 confluence resistance level because of the Fibonacci cluster due to the two 100 % fib extensions from the previous swings up, the daily pivot point and also the penetration of the recent high at 1.2730 on the 5 min chart (Stop Runs above recent high and the daily Pivot). The confluence resistance would have provided a good Trading Setup for a short entry in the market.


We had many continuation patterns (green circles-Pennants, Flags, Ledges), which could have guided todays trading setup decisions. Furthermore, the red circles show where the Breakout Timing strategy could have been applied and the orange arrows show where the Support/ Resistance through the consolidation price zones led to a market reaction. The Fibonacci trading levels also helped to find trading setups in regards of market turning points.

5 min Trading Setups Euro Dollar

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GbpNzd Wave Analysis - fx trading reviews forex blog

GbpNzd Wave Analysis ~ fx trading reviews forex blog

There is no other thing that excites an elliotician more than seeing a wave pattern he can recognize on his chart. Such is what I have concerning Gbpnzd. 

 

If well followed, it will be rewardable.

From the daily chart, the upward move has already completed the first impulsive move ( leading diagonal) and its corrective wave ( running flat). 

 

The corrective running flat has been broken upside for wave 3 to emerge. with the thought that the third wave ( an expected 5-wave structure ) should at least expand to 161.8% extension of wave 1 from 2, this should happen at 1.4600 ( more than 4000 pips away) . 

 

Considering the fact that 1.4600 is a strong support turn resistance level, price getting to this level is possible.

 

 

We can watch price wave action in the lower intra day time frame in order to take trades piecemeal from this prospective trading opportunity.

 

On the 4 hour time frame, the price wave that broke out of the corrective flat pattern is running what looks like a 5-wave impulsive move. 

 

Presently congesting in a typical triangle pattern ( Wave 4 ). If the triangle is broken upside ( a trading opportunity), wave 5 will emerge before we see a large correction   ( a trading opportunity) . 

 

 

 

We will also trade the end of the correction if a recognized corrective pattern is formed to ride the trade up. 

 

There are potential opportunities for massive trades and the ability to follow through with patience and discipline will go a long way in the successful execution of these opportunities.

These are just forecasts, possibilities. Price will give us better information because its the captain of the army ; the rudder of the ship.

 

We check what price presents with what we have and make necessary adjustments and decision. 

 

I will be here for updates.

Forward any of your messages to Forexmaster05@yahoo.com

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EURUSD Market Pivot Point On April 28 (updated) - new science of forex trading reviews

EURUSD Market Pivot Point On April 28 (updated) ~ new science of forex trading reviews

EURUSD market Pivot Point results On April 28, 2015. This results was generated by using our HotForex tools. And this tool has been generated from the Floor Pivot points , Woodie Pivot Points, Camarilla Pivot Points, Demarks Pivot Points.

For other Currency market pivot points, please to use our tool here : Forex Pivot Point Tool Gerenator. I Hope it will be useful for you. Thanks for visiting my blog. Good luck in your trading Forex. Regard, Tom Berlino.

Auto generate pivot point tool for currency market of EURUSD.

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A new look at Cadchf - day trading forex live reviews

A new look at Cadchf ~ day trading forex live reviews

Before I start,please take time to read my last post on this pair (click here).

Price broke the triangle I talked about and went back immediately giving me no real chance of buying.

The congestion is not looking over yet as we have price moving up and down to form a larger triangle.

As price adds up to itself, we ask ourselves, are we still in line?. Being able to follow price and allowing it to connect with us is very important. Thats why I chose elliot waves analysis as my primary tool.

With what price came up with of recent, it shows clearly that the first corrective wave ( wave 2) of wave 5 of the impulsive moves ( in blue) is about to be completed as a triangle corrective pattern. 

If this is anything to go by, we expect the price to break the upper line of the triangle for an explosive move upside. I will wait for a chance to buy at the break to target 0.8810.

Conversely, if price breaks the triangle downwards, what we will be having is a complex correction or temporary change in trend which requires more studies and patience.

Either way, price determines where it goes and we just have to understand him and follow. We should see a real action next week.

Connect with me on whatsapp: 2348134820569

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EURUSD Market Pivot Point On April 29 (updated) - forex trading for newbies review

EURUSD Market Pivot Point On April 29 (updated) ~ forex trading for newbies review

EURUSD market Pivot Point results On April 29, 2015. This results was generated by using our HotForex tools. And this tool has been generated from the Floor Pivot points , Woodie Pivot Points, Camarilla Pivot Points, Demarks Pivot Points.

For other Currency market pivot points, please to use our tool here : Forex Pivot Point Tool Gerenator. I Hope it will be useful for you. Thanks for visiting my blog. Good luck in your trading Forex. Regard, Tom Berlino.

Auto generate pivot point tool for currency market of EURUSD.

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