Intraday technical update of eur/cad

Technical opportunity with breakout faded out and momentum arrives again

Below I have posted the trade on basis of balance market . Pair is already in strong swing and exact trade location was within the rotation center and "Violation" of such rotation center give us an opportunity. That type of market gives us hints before desperation is shown and we indeed need to cover at first attempt. But the rise was on the cards with second attempt with successful test and momentum coming in again.

The chart tell us that if momentum faded out again then we probably would have lost minimum on that trade as it was high probability trade as pair was in uptrend.

Take a look at eur/cad chart below And for reference check my earlier post

Apple rally to the upside has just started !

514.00 area hold the support and we finally got a break above 549.00

Check my earlier APPLE Post here. !! Although it look to rally towards the downside but still it was quite passive and no immediate rally and market hold the floor and past two to three day activity had follow-through and yesterday downside rally was a part of trap before the earning release( Although I don't trade those events)

Value was building but short term share holders exchange stocks but finally it was bid for another spike to new multi month high.

Apple, One of the top Mobile Selling Brands and It had Area of Protection

Chat, here explain that why we should remain alert inside bracket activities and when price has no reason to continue to the downside rally.

Update is here !!

Technical updates of New Zealand Dollar Crosses

I will update all the new-zealand dollar Crosses for the rest of the week.

RBNZ has continue to attract the attention by increasing interest rates, thus means to say they apply the accomodative policy.

Thus, it should be crucial to know who banks and Institutions throughout the world accept this move, So that is why I think there should be lot of opportunities with all the crosses of the Kiwi Dollar.

Here, I have put some thoughts behind Eur/Nzd chart, which tells technical moves after the policy decisions

Technical update Of Intraday opportunities

Advetising mechanism is the real way of sighting opportunities

Price has different variables for "swing trading" and "scalping" as they do differ from each other

scalpers get good profit on "liquidation" at resistance, While swing traders look for other variables like what background is telling.

When overall trend is up and we saw a false "breakout" of Intermediate bracket, and then we saw immediate rise and background is very good or we have possible accumulation before the price breakout and after some ranges look for possible equilibrium point where demand and supply are almost equal. "Advertising mechanism" signals there is not enough sellers and price has to rise immediately.

Where you should enter for Intra-day technical opportunity in Forex.

Take a look at the Eur/cad chart below which tells us why we should enter

While everything is explained in the chart but still it is higher time frame and we should be worrying to enter, where we should look at the possible "area of acceptance", and we should look for strong engulfing or bullish hammer after rejection or rejection.

Other things come in mind whether that momentum will be faded out or not ?

Then we should look for possible points why that engulfing will be faded out, and one strong point here is trend is not strong enough and we are in possible range and that engulfing is not a breakout candle, so if that faded out then it has to fade out immediately and you look at next candle where it starts and its wick,the wick of the candle cover 20% of that engulfing which means taking out small stops.

If that candle turns out to be strong engulfing again (which it did), Then 60% of the chance that this momentum will carry out through-out the day.

Strong trend An activity in between a rotation centre and breakout which faded out.

Strong breakouts which faded out doesn not means to go counter-trend immediately An Intraday activity always start with slow movement and it could be a part of accumulation as I have present here couple of chart which had strong background and it was quite obvious that stops has to given away before next rally.

First of all I would present you the chart of last week which shows strong momentum out of rotation centre accumulation, which was "faded Out" Immediately.

Trader p$ychology is tells the mindset to trade logic and breakout which faded out was there to go against the breakout but It is not the way we should approach every faded out move.

Let's take a look at the example, First!

Pound has done the same activity as shown in the above chart !

Here it could be another intraday opportunity waiting ? because price has continously moving upwards of its opening levels, and that is the crucial thing to now what background tells and whether value is moving with price or now

So, its worth to calculate you stops levels or look for momentum to enter and get out if it fades out quickly, but this type of momentum does had a carry till the end of the day or another day.

Intraday update of Eur/jpy

Classic Example of development area

This is a clear example of what smart traders are eyeing and their "existence" in the market and they are driving the price high and buying at low levels as I "explained" in my yesterday chart.

Take a look at this "Imbalnace" and this chart tells you that there was strong activity to move the price high and price spend most of the time near the highs Of An Intraday .

Strong rallies to the downside could be a part of "liquidation trap" and strong momentum force to cover short term traders and enter long and pick nice profits.

Take a look at the chart below and it explained the activity

This type of intraday activity is quite normal and we should only look for logics rather than mere observations, Because trading is all about logics and consciousness and where we can use small stops rather than looking for predetermined direction assumptions.

Technical analysis of Euro Dollar

Regular Update of the Intraday update of Euro!!

Overall picture of the Euro-dollar is quite confusing and Direction is still neutral. We have not yet seen strong rally to the downside, But every rally is being sold so technical analysis would tell us to sell the rally again. But trading Gap at the opening of last week can force the price to test the 1.3890 area.

Price has spend quite a lot of time in the rotation area around 1.3890 and 1.3790. A break above 1.3810 will still be a good hint for bulls but a break above 1.3825 will open the way towards 1.3890.

Take a look at the Simple Candlesticks chart of Euro dollar below

Technical analysis of the usd/jpy for Intraday Opportunity.

I have been forced to cover my usd/jpy longs as I have seen some failed breakouts at the top . "Analysis" should be based on Market Reaction. Any predetermined moves with stops at predetermined places can seriously forces you to give away all the profit you had earlier.

I post yesterday that I went long around 102.05 area and breakeven stops were placed at 102.27, But situation and scenario has been changed as there is no development area after two neutral days activity,Strategies should be based on recent price action behavior rather than past activities,and the supply in the market force us to cover and traders are being forced to think of their long positions.

After range breakout strong bar has ended up with a Faded out.

If the overall trend remain bullish then surely today we could get another development and If I found out I would update my chart immediately, You just need to remain conscious and check the blog later

If that is a reversal then price has to break the floor which will give us clue that Institutional efforts are here and they will keep selling all the rallies!!