Daily Forex Trading

[LeMercenaire]

Has to go on...

EURJPYDaily-Headingforguesswhat31stAug18.png (37.97 KiB) Viewed 2635 times

[LeMercenaire]

If Gold keeps going with this predictable and repeatable sideways drift, we can be revisiting this set-up till the cows come home...

XAUUSDH1ifitkeepsgoingsideways-wecanrevisitthistillthecowscomehome31stAug18.png (50.39 KiB) Viewed 2634 times

[LeMercenaire]

Labor Day not withstanding, I'd have been looking at a short at some point here...

USDCNHH1shortnextweek-holsagaintho31stAug18.png (33.33 KiB) Viewed 2634 times

However, the H4 tf look doesn't back that play (for now)...

USDCNHH4shortnotbackedbyH4tho31stAUg18.png (34.43 KiB) Viewed 2634 times

[LeMercenaire]

Any guesses?

AUDUSDDailyLongComingMonday31stAug18.png (41.48 KiB) Viewed 2634 times

[LeMercenaire]

As a wind up to the week, The DAX is doing its own thing in a dance with a C-Fork. Bounced once, it remains to be seen if it goes on to close below the line.

If it does, then that will also be a close below the 50-Fib and would open the way to a drop to 12250 or thereabouts (initially at least).

.DE30.H4doesitsownC-ForkBounce31stAug18.png (39.01 KiB) Viewed 2633 times

Monday will tell.

[LeMercenaire]

A wider view on that clear air below...

.DE30.H4anotherlookatthatdroppotential31stAug18wide.png (47.66 KiB) Viewed 2633 times

[LeMercenaire]

This may be worth a look through the day...

GBPNZDH4worthwhilekeepinganeyeon5thSept18.png (30.58 KiB) Viewed 2545 times

[LeMercenaire]

If you take a look at the H1, you get a clear view of the perfect DWZ move that's run through the day. It also gives a clue as tomorrow's direction...

GBPNZDH1itsbeenaperfectDWZmovetoday5thSept18.png (37.03 KiB) Viewed 2544 times

[LeMercenaire]

I'm watching this as a possible HOLO set-up and it's interesting to see how it looks like it may be a bounce move coming.

USDJPYH1bouncecomingmaybe5thSept18.png (42.9 KiB) Viewed 2545 times

May be a couple of ways to get in in something here.

[LeMercenaire]

Another way of playing that JPY...

GBPJPYH1possibleherealso5thSept18.png (42.51 KiB) Viewed 2542 times