USD CHF 100s OF PIPS BULLISH OR BEARISH - forex trading system reviews

USD CHF 100s OF PIPS BULLISH OR BEARISH ~ forex trading system reviews

Hundreds of Pips in either direction appear to be possible for the next few weeks if we see strong Bullish or Bearish breakout signals. The Weekly Range has recently been hit after a very long and slow trend and has now settled above a major Downtrend Line. A convincing Bullish Candle break above Resistance would put the 0,9400 area in play, while a break short to also take out the Uptrend Line would make 0,8700 the long-term bearish target.

The currency pair has started to move within a small Range above the Inner Uptrend Line, following a rally to the 0,9100 area.

DAILY CHART

The gains for the Swiss Franc also put the pair above a major Outer Trend Line of a previous Downtrend.


DAILY CHART

As you can see, the recent uptrend was part of a break from the Inner Trend Line to the Outer Trend Line of that Downtrend. From this point, the market could either break higher for an even stronger Uptrend or break lower to resume the overall Downtrend. In continuing higher, the Daily Chart would first have to break the Resistance of its current Range setup.

DAILY CHART

The first major target would be the next Weekly Range which would be at the 0,9435 area. Short-term targets will be hit along the way as traders exit profitable positions in this new uptrend. Equally profitable targets could also be hit going short if there is a breakout bearish from this Range along with a break of the Outer Uptrend Line.

DAILY CHART

Before breaking bearish, the currency pair could actually spend a little longer in this Range to carry it closer to the Outer Trend Line. At times, trend changes that involve Consolidation breakouts tend to take place simultaneously with Trend Line breaks to make the start of the new trend even more convincing (TRADE TIP).

See how the concept of the Weekly Range and Consolidation breakouts worked on past trades in the Free Preview of the Trading Manual;

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EURO USD MAJOR DECLINE TO SUPPORT AT 1 2154 - forex trading renko system

EURO USD MAJOR DECLINE TO SUPPORT AT 1 2154 ~ forex trading renko system

As the EURO USD continues to decline, a temporary pullback appears to be on the horizon in the next few days as the pair approaches its 2nd Weekly Range price target. Since this area will also coincide with the Monthly Range also being hit, a significant rally or consolidation is expected after that price point is reached. Following this pause in the downtrend, gains for the USD will resume as it sets its sight on the major Support area of 1,2154.

The first graph below shows that we are just about 100 Pips away from the 2nd Weekly Range and the Monthly Range being hit. Based on the average Weekly Range of the EURO USD, this target is expected to be at the 1,3307 area.

DAILY CHART

 

In most cases, currency pairs tend to pullback or go through a period of consolidation when the 2nd Weekly Range is hit. At that area, they will either start a new trend or resume the existing trend with another strong setup and signal. With this new downtrend having been formed with the break of the Inner and Outer Trend Lines of the uptrend started in July of 2012, a continuation in the current direction is expected.

DAILY CHART

This new trend has also led to a break back inside of the Resistance of the large Pennant setup. We are therefore likely to see a long-term decline to the Support area at 1,2154, over 1,200 Pips away.

DAILY CHART

Along the way, the market is expected to pullback at major past Support areas that can also be used as profit-taking targets. Some traders who trade against the trend will also be buying at these areas, while others will be selling as the pullbacks give way to the resumption of the strong long-term downtrend.

DAILY CHART

In trading these movements in the direction of the trend, one must ensure that the setups and signals are strong and clear enough. Naturally I recommend the setups in my Trading Manual based on Price Action, but if you are a Day Trader and/or someone who uses indicators, ensure that your analysis is spot on to capture the large number of pips that will be on offer over the next few months.

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EURO USD HUNDREDS OF PIPS BEARISH - forex automated trading system software

EURO USD HUNDREDS OF PIPS BEARISH ~ forex automated trading system software

The Daily Chart below shows that after breaking out of the large Pennant setup recently, the pair appears to be forming a Range just below the Support of that Pennant. 

DAILY CHART

Taking a wider view, we can see that this possible Range setup is also taking place on top of the Resistance of a much larger Pennant on the Monthly Chart.

MONTHLY CHART

This would explain the long period of indecision and volatility for this pair over the last few months. The larger the Consolidation, the larger and longer the time it can take for the pair to either breakout or return inside of the Consolidation. Given this scenario, the graph below gives us a better understanding of what is taking place on the Daily Chart which is also above a major uptrend line.


DAILY CHART

In order for us to start a downtrend to the other end of the Pennant, we will need a convincing break below this major Resistance and the Uptrend Line.

DAILY CHART

This movement in favour of the USD would be in sync with the reduction of interest rates by the European Central Bank that narrowed the Interest Rate Differential between the EURO and the USD. If this bearish breakout does not materialize, however, then the alternate scenario is that of a bullish breakout. This would mean that the Resistance boundary of the Monthly Pennant is acting as a Support, from which the currency pair will rally to resume the uptrend on the Daily Chart. It would also effectively render the current bearish breakout from the Daily Chart´s Pennant a False Breakout.

DAILY CHART

The combination of Economic data, Monetary Policy and Investor Sentiment will ultimately determine market direction. Whichever direction the currency pairs takes, it is likely to move by several hundreds of pips given the strength of the crossroads at which it is right now. To take advantage of the expected breakout, we will need to patiently wait on the right setups and signals, then confidently execute trades for strong gains.

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KIWI DOLLAR TEMPTING BEARISH SIGNAL FOR HUNDREDS OF PIPS - super max forex trading system.part1.rar

KIWI DOLLAR TEMPTING BEARISH SIGNAL FOR HUNDREDS OF PIPS ~ super max forex trading system.part1.rar

This pair has been in a very large Pennant setup for the last 3 years since the end of the strong 2-Year Uptrend between 2009 and 2011. We have been hovering on top of the Resistance of this Consolidation for the last few weeks and could see the start of a new Downtrend to carry us back down to Support. A strong Bearish Candle signal has been given in this regard below the current Uptrend Line and this Resistance, but the accompanying setup for the signal is too weak to justify entry. Nevertheless, a stronger setup could materialize this month to either continue the break Bearish, or provide a platform for a strong Bullish reversal.

The strong Uptrend that came to an end represented the return of Risk-Appetite to the market following the period of Safe-Haven buying of US Dollars in 2008. This has given way to a very wide Pennant within which we have been experiencing waves of smaller Uptrends and Downtrends.

DAILY CHART

 

Closer to home, so to speak, the pair has formed a Range above the Resistance of this Pennant. It has now broken the Support of this Range as well as that Resistance boundary to possibly start a very strong Downtrend. In the process, it has also broken below an Outer Uptrend Line.

DAILY CHART

Taking a closer look, we can see the strong Bearish Candle that broke below these barriers. On the face of it, this could be a signal to start entering short to take advantage of the potential drop of just under 400 Pips.

DAILY CHART

 

However, the setup is neither a Consolidation nor a strong Counter Trend Line - setups that you would expect/require after a large 300- Pip decline. This means that until we have a clearer, stronger setup at this crossroads, the chance of a Bearish trend is now equal to that of a Bullish rally that breaks the Downtrend Line.

While the market provides us with this setup that we need before trading, it is important that we constantly review past examples of this scenario. This will allow us to confidently trade the new signal in either direction and capture hundreds of pips that are likely to be on offer for us.

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USD JPY 300 PIP BREAKOUT ON ITS WAY - quantina forex trading system

USD JPY 300 PIP BREAKOUT ON ITS WAY ~ quantina forex trading system

We have been in a Range setup on the Daily Chart for some time now and with it being above the Outer Uptrend Line, a major breakout could be on the horizon. If the breakout is Bullish, then the major Resistance at 105,43 that ended the 9 month trend would be the first major target. On the other hand, the Range setup is also part of a very long period of sideways movement for the USD JPY which has broken an Inner Uptrend Line in the process. Since major trend changes are normally preceded by sideways patterns and breaks of Inner Trend Lines, a bearish bias in favour of the Japanese Yen might be the better forecast for 2014.

The current Range pattern of the pair can be seen in terms of the large Uptrend that ended in December 2013. You can see the break of the Inner Trend Line and the gradual drift towards the Outer Trend Line that has now taken the form of the Range.

DAILY CHART

Between the Support and the Resistance boundaries, the pair has been moving by 168 Pips on average inside of this Range. Most of the trends have been volatile, however, with perhaps only one of them offering a stable setup for a trade.

DAILY CHART

From here, we could see a bullish breakout that carries us back to the Resistance that ended the Uptrend and then to the Breakout Equivalent of the Range. This could last between 7 and 15 days from the start of the breakout.

DAILY CHART

On the bearish side of the coin, a break of Support would start a new, major downtrend. Trend changes often take place after a long period of market indecision in the form of these Consolidation setups. Several past Support and Resistance price points would be hit along the way, but the main target would be the Breakout Equivalent at 97,85 (See Trade Manual).

DAILY CHART

So, what direction do we take in this situation? As always, we will wait on the market to make that decision for us. Never anticipate the breakout of a major barrier by using the Smaller Time Frames nor before a clear signal from the Daily Chart is given.

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CAD CHF MAJOR TREND CHANGE BEARISH - forex trading robot system

CAD CHF MAJOR TREND CHANGE BEARISH ~ forex trading robot system

OVERALL SETUP

• Currently in an Overall Uptrend;
• Currently at the Outer Uptrend Line;

DAILY CHART

POSSIBLE SCENARIOS
  
1. Could break short to start a new Downtrend;

• Has Reached its Monthly Range;
• Double Tops, Bearish Signal Given at top of strong Uptrend;
• Has broken the Inner Uptrend Line;

2. Could Resume the overall Uptrend;

•  Trends can resume after hitting the Monthly Range;

DAILY CHART

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