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AUD/USD Daily analytics

07:28 15.03.2018

Technical levels: support – 0.7850; resistance – 0.7910, 0.7940

 

Trade recommendations:

 

Buy — 0.7850; SL — 0.7830; TP1 — 0.7910; TP2 — 0.7940.

Sell — 0.7830; SL — 0.7850; TP1 — 0.7780; TP2 — 0.7740.

Reason: expanding bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices in a correction to the Cloud and the market needs Cloud’s support.

 

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USD/JPY Daily Analytics

07:29 15.03.2018

Technical levels: support – 105.80; resistance – 106.25.

 

Trade recommendations:

 

Sell — 106.25; SL — 106.45; TP1 — 105.50; TP2 — 105.00.

Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with the falling lines; the prices entered into the negative area and may continue the downtrend.

 

1521098890-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/JPY Daily Analytics

07:33 15.03.2018

Recommendation:

 

SELL 130.90

 

SL 131.45

 

TP1 129.65 TP2 128.95

 

On the daily chart of EUR/JPY, the “Shark” pattern is transforming into 5-0. A pullback from resistance at 132.2-132.5 (38.2% of the wave CD) allowed to form short positions. If bears manage to keep the pair below 131.25, the risks of the decline’s continuation will increase.

 

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On H1, the inability of bulls to push the pair above 132.00 points at their weakness. A break of support at 130.9-130.95 will create the ground for the decline to 88.6% and 113% targets of the “Shark”.  

 

1521099139-144c086f9efd0dd7367f2818eb875

 

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USD/JPY Daily Analytics

07:38 15.03.2018

Recommendation:

 

SELL 106.4

 

SL 106.95

 

TP1 105.4 TP2 105 TP3 102.8

 

On the daily chart of USD/JPY, bears managed to keep the pair inside the downtrend channel. The downtrend is sustainable. The pair keeps declining towards 161.8% target of AB=CD.

 

1521099470-3297c54597baddc0779dab87f7356

 

On H1, USD/JPY reached the targets of “Three Indians”. If the pair reaches 88.6% of the “Shark” pattern will increase the risks of the decline towards 23.6%, 38.2% and 50% of the wave CD. The correction will allow forming short positions.

 

1521099484-1f50b4d918123f905c31c70a9dfda

 

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EUR/USD Daily Analytics

07:21 16.03.2018

Technical levels: support – 1.2290; resistance – 1.2360.

 

Trade recommendations:

 

Buy — 1.2380; SL — 1.2360; TP1 — 1.2480; TP2 — 1.2520

Sell — 1.2280; SL — 1.2300; TP1 — 1.2210; TP2 — 1.2130

Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are fell down into the negative area.

 

1521184854-5974574d0f06c411e972e24d898d2

 

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GBP/USD Daily analytics

07:22 16.03.2018

 

Technical levels: support – 1.3930; resistance – 1.4010.

 

Trade recommendations:

 

Buy — 1.3960; SL — 1.3930; TP1 — 1.4010; TP2 — 1.4070.

Sell — 1.3920; SL — 1.3940; TP1 — 1.3850; TP2 — 1.3760.

Reason: expanding bullish Ichimoku Cloud, but falling Senkou Span B(!); a golden cross of Tenkan-sen and Kijun-sen; the market supported by Cloud, but the Bulls can’t continue an existing uptrend.

 

1521184854-5838ef800660551113de2aff99712

 

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EUR/USD Daily Analytics

08:59 16.03.2018

Recommendation:

 

SELL 1.2250

 

SL 1.2305

 

TP1 1.2150 TP2 1.2080 TP3 1.1960

 

On the daily chart, EUR/USD keeps forming a «Widening wedge”. The inability of bulls to hold to 1.2307-1.2320 will point at their weakness and open the way down towards 127.2% target of AB=CD.

 

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On H1, EUR/USD bears are ready to test the support at 1.2275. Success will allow them to trigger the “Crab” pattern with a target at 161.8%. Conservative approach means selling at 23.6% of the wave 4-5 of the widening wedge pattern.

 

1521190707-144c086f9efd0dd7367f2818eb875

 

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EUR/GBP Daily Analytics

09:45 16.03.2018

Recommendation:

 

SELL 0.8820

 

SL 0.8875

 

TP1 0.8745 TP2 0.8715

 

On the daily chart, EUR/GBP keeps consolidating in line with the “Spike and ledge” pattern on the basis of 1-2-3. The attempt of the bulls to hold at 0.8925 targeting 161.8% of the junior AB=CD failed. As a result, bears seized the initiative.

 

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On H1, EUR/GBP reached the target of the “Widening wedge”. A break of support at 0.8820 will increase the risks of a “Shark” pattern with a target at 88.6%. The nearest resistance is near 0.8875.

 

1521193463-311438cdc50bb0f634d8ee27e47a0

 

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EUR/USD Daily Analytics

12:56 16.03.2018

 

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The main trend is still bullish. The 89 Moving Average has acted as support, so there's a "V-Bottom" pattern. It's likely that the market is going to test the next resistance at 1.2346 - 1.2359 in the short term. If a pullback from these levels happens afterwards, there'll be a moment for a bearish correction.

 

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Bears faced with resistance at 1.2290, so there's a "Thorn" pattern. In this case, we should keep an eye on the Moving Averages as the nearest bullish target. A pullback from these lines could be a departure point for another decline.

 

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GBP/USD Daily Analytics

12:58 16.03.2018

 

1521204874-4ba2e257e3736ffa547d18ade2f28

 

There's a bullish "Flag" pattern, so the pair is likely going to reach the next resistance at 1.3996 - 1.4069. However, if we have a pullback from these levels, there'll be a moment for a downward price movement towards the nearest support at 1.3928.

 

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The price is consolidating above the Moving Averages. The main intraday target is the closest resistance at 1.3995 - 1.4023. If a pullback from this area happens little later on, bears will probably try to test the nearest support at 1.3928 - 1.3910.

 

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EUR/USD Daily Analytics

13:20 16.03.2018

 

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There's a "Morning Star" pattern, which has been confirmed. Therefore, the 21 Moving Average is likely going to at as resistance, which could be a starting point for another decline.

 

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The price has been declining since the last "Tweezers" pattern was formed. If the Moving Averages act as resistance, the market is likely going to test the lower "Window"

 

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USD/JPY Daily analytics

13:22 16.03.2018

 

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The price is declining under the Moving Averages. The main intraday target is the lower "Window". If a pullback from this level happens, there'll be a moment for an upward correction.

 

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The last "Shooting Star" pattern led to the current decline. However, if any reversal pattern forms, there'll be an opportunity to have a bullish correction towards the Moving Averages.

 

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TRADER VIC’S 2B PATTERNS. 2⃣

 

A failed breakout is probably one of the most annoying and unfortunately frequent phenomena in trader’s life. Traders invented various methods to deal with them. We will tell you about the easiest Trader Vic's 2B pattern In this article, so you can learn

the breakout pattern’s trading rules in case of down-/uptrends.

 


 

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MOMENTUM FOREX STRATEGY

 

 

The momentum indicator is classified as an oscillator. It is designed to identify the strength of price movement; it helps traders to assess the extent of price fluctuations for a certain period as well as determine critical conditions that can be used for the position opening. In this article you will learn how to use it with a strategy as a trend trading system https://goo.gl/NGw4ez

 

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Best Trading Books

 

Trading Psychology 2.0 is a book containing lots of proven techniques and critical recommendations to help interested traders better understand the markets and themselves. It was written by the veteran trading psychologist – Brett Steenbarger. 

 

Trading psychology 2.0 is grounded in the ABCD themes, the key components that might set your mind on success. In four chapters Steenbarger tackles adapting to change, building on strengths, cultivation of creativity, and developing and integrating best practices. These techniques differs markedly from “old school” ones.

 

For the 2.0 school of psychologists, the ideal trader is a creative entrepreneur,  easily adjusting his trading strategy to new circumstances. The main goal of 2.0 trade is to discover his talents, skills, interests, master his trading techniques and properly exploit them in ever-shifting market dynamics.

 

Read this book and trade successfully Forex with FBS   https://goo.gl/oPivFE

 

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Did you know? You can deposit in Bitcoin with FBS !

 

Try it NOW ➡ https://goo.gl/ASnN7Z

 

FBS continues to expand payment options to meet your needs and make the trading experience more easy for you.  

Yes, you can deposit your account in Bitcoin with 0 commission!

If you have a BTC wallet, feel free to select the Bitcoin by Skrill option next time you want to deposit funds, and enjoy instant transactions to make more money!

 

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NZD/USD Daily Analytics

06:42 19.03.2018

Recommendation:

 

SELL 0.7280 SL 0.7335 TP 0.718

 

SELL 0.7185 SL 0.7240 TP 0.7080

 

On the daily chart of NZD/USD, the inability of bulls to return the pair inside the uptrend channel points at their weakness. Kiwi approached the lower border of the 0.7185-0.7430 consolidation range. In case of the successful test of the support, the risks of decline to 0.7080 will increase. 

 

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On H1, the fact that NZD/USD reached the interim target at 78.6% of the “Shark” pattern increases the odds of its transformation into 5-0. Pullbacks to 38.2% and 50% of the wave CD should be used for selling.

 

1521441717-3696dc2326705fd45dfa7b732beb8

 

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AUD/USD Daily analytics

06:50 19.03.2018

Recommendation:

 

SELL 0.774

 

SL 0.7795

 

TP1 0.766 TP2 0.7635 TP3 0.757

 

On the daily chart of AUD/USD, the inability of bulls to rise above resistance near 0.79 was the first signal of their weakness. The return of the pair inside the downtrend and their exit from the downside channel means that bears seized the initiative.

 

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On H1, the closeness of 113% target of the “Shark” increases the odds of consolidation. Bears are in control of the situation, so the pullbacks may be used for selling.

 

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EUR/USD Daily analytics

07:40 19.03.2018

Technical levels: support – 1.2260, 1.2210; resistance – 1.2300.

 

Trade recommendations:

 

Sell — 1.2280; SL — 1.2300; TP1 — 1.2210; TP2 — 1.2130

Reason: narrowing irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market are in the negative area and made the new lows.

 

1521445189-5974574d0f06c411e972e24d898d2

 

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GBP/USD Daily Analytics

07:41 19.03.2018

Technical levels: support – 1.3890; resistance – 1.3940, 1.4010.

 

Trade recommendations:

 

Buy — 1.3950; SL — 1.3930; TP1 — 1.4010; TP2 — 1.4070.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the market is still on the support of the Cloud.

 

1521445189-5838ef800660551113de2aff99712

 

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