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Dual Time Frame Trading Strategy (EUR/USD Technical Outlook

Short EUR/USD
Entry Price - 1.075345
Stop Loss - 1.08305
Take Profit - 1.0650
Technical Tools
ADX/DMI
Fibonacci
Elliot Wave
Stochastic
Candlestick
Chart Time Frame
1 Hour
Daily
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Bearish Prospect for the EUR/USD


This prediction on EUR/USD pair is simply based on what iscalled Harmonic Pattern Structures popularized by Scott Carney with the
Fibonacci re-tracement, extension & projection measures as indispensable
tools which, apparently, have predictive reliability in the determination any
pair's price behavior at minor and major resistance and support levels, and
especially at extreme levels where reversals are likely to occur.In this 4hr chart we can see that the price is well below 7, 13, 30, & 65 LWM…
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Convallium avatar

interesting charts) thank you for sharing with us)

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Dmtrv 3 Apr

Addendum: This one last target and final price target was missing when I submitted this one, Don't know why. so here it is. The 4th and last predicted price target of 1.3550 is @ 88.6% of the anticipated D point re-tracement of the XA leg, or Support level 4. The eventual culmination of the descent at anticipated D point re-tracement at XA leg will give us the 5-point reversal structure called the Bullish Bat.

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Dmtrv 3 Apr

1st price objective 1.3700 attained. Time1400hrs.

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SGD/JPY Bullish Tendency

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Maria_r 30 Mar

well done

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EUR/CAD SOUTHWARD MOVE IN THE 3RD QUATER.

What I have here is the long-term bearish technical picture of the EUR/CAD pair with multiple time frame analysis from monthly, week, daily, 4 hour and hourly pointing in same direction going into the 3rd quarter of this year.Long Term Price Objective 3 - 1.2325 at or near the vicinity of anticipated 88.6% xa=d point retracement .(See daily time frame)Nearer Term Price Objective 2 - at or near vicinity of anticipated 61.8% xa=d point retracement. (See daily time frame)Price Objective 1 - at or n…
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SIGN-POSTS; BEARISH AUD/CAD(DAILY) IN THE COMING WEEKS

Validating technical information justifying sell position. Price action already way past key support level at b point which now serves as resistance and cruising way below 13, & 62 MA’s an indication of downtrend gaining momentum. Price Objectives Justification: 1st Price Objective@Support 1 – 1.04252, (1st week, May); 68.1 xa=d & 161.8 bc=d point confluence. 2nd Price Objective@Support 2 – 1.03814, (2nd week, May); Equivalent 161.8 & 61.8 ab=cd confluence. 3rd Price Objective@Support…
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Convallium avatar

Good analysis)

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USD/JPY Speaking a Few Bearish Words in H1 TF

USD/JPY Hourly Time Frame Technical Data Validating Reversal:1. Convergence of 127 XA, D point & 141 AB=CD at extreme price level in the Price Reversal Zone (PRZ)2. The 224 BC, D point projection acting as major resistance price level.3. Divergence of price and RSI.4. 5, 13, & 62 crossover with the session closing below 62 EMA as entry point.Price Targets - Price Targets - S!, S2 & S3.
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Dmtrv 26 Apr

ERRATUM: The D point XA retracement should be 88.6 instead of 127.projection.

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geula4x 28 Apr

+1 Liked: Very nice technical analysis and use of confluence idea to find a key resistance area. Happy trading :-)

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Dmtrv 29 Apr

Price target/objective at Support level 1 accomplished. Next price target/objective will just be a couple candle sessions more to go......... Thanks for all your appreciations, guys. Have a pleasant trading days ahead...................

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Dmtrv 30 Apr

Second price objective @ 97.25, C point or support level 2 has just been hit in swift downside move breaching momentarily a key support level at 97.00 then back-pedaled for a breather in a corrective move in preparation perhaps of a substantial downside trend continuation.

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USD/NOK BEARISH TECHNICAL OUTLOOK, HOURLY CHART

Validating Technical Reversal Signals at Potential Reversal Zone (PRZ). 1. Convergence of extreme 113 XA, D point and 314 BC, D point projections in the PRZ. 2. The presence of 2 Bearish Engulfing candlestick formation at the lower high and higher high in the PRZ. 3. Divergence of price action in the PRZ and RSI reading. Price targets are at S1, S2, and S3 levels.
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khalidamassi avatar

good work, I like it ++++

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Dmtrv 30 Apr

Price objectives of this USD/NOK pair had just been hit. Price target at support level 1 was hit yesterday while price target at support level 2 had just been reached about two hours ago.

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GBP/JPY IS NOW POISED TO ITS DOWNWARD JOURNEY.

China's growth slowing down, the weakening of the pound against the dollar, and with BoJ's hint of a possible price forecast as tool against reflation could mean an impending downward trek of the GBP/JPY. Added to these fundamentals are the potentially bearish pattern formations such as a Bearish Butterfly formed in the Weekly Chart, and a Bearish Gartley in the Hourly Charts. Price Target on Weekly Chart Price Target on Hourly Chart146.50 @ S1 148.00 @ S1140.00 @ S2 146.50 @ S2138.00 @ s3
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khalidamassi avatar

good work, +++

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geula4x 28 Apr

+1 Liked: Good correlation of fundamentals and technicals. Multiple time frame analysis (1H and 1W) + nice charts. Good luck :-)

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