NZD Weekly ACD Setup

Though too early to setup any trade for NZD, but with current state and correlation to other NZD pairs, it is possible for a retracement for NZD this week.

Market movement is against the NZD, with GBP is the most.

GBPNZD with last week GBP momentum, it is still very much possible to maintain that strength this week against NZD. Two weeks ago we've encountered a sideway market which shifted to a trending week last week. No ACD bias yet but likely be A-up this week.

NZDUSD H4, we are approaching a major structure @ 0.8514 below current price which near to Fibo 50% and S&R range from 0.8514 to 0.8544. Possible distributed pips will be around  59 to 80 pips below before possible bounce or break movement.

Also with W1 chart of NZDUSD, we see this:

NZDUSD W1, after a drop last week, possible to continue the retest below before a possible resume on bullish trend next week.

NZDJPY, it is likely a soft retest up at 88.24 before dropping and retest 87.17 with fib 50%, or break lower and test March 17-24 movement ACD IBL 86.35 or Fib 61% at 86.50.

NZDCAD H4, also likely to drop around 60 pips below and will test a major structure at 0.9381

Other pairs like NZDCHF, AUDNZD, EURNZD sync to the movement of pairs stated above.

Will update once ACD bias completed later NY session or early TK session.

Jason Stapleton recent video

Here's a good video from Jason Stapleton

http://www.tradeempowered.com/2618-replay/

+CAD Weekly Analysis

In favorable trade for CAD I've seen this week, done intraday with NZDCAD since Monday with +60 pips. Also made several scalping entries with USDCAD since Monday too.

Current running trades on USDCAD short, and EURCAD short still no good for taking, will hold together with GBPCAD pending entries. Also running long trades on CADJPY and CADCHF.

Here's the weekly ACD bias.

NZDCAD H4, weekly ACD bias is bearish, sync with USDCAD  so far. Closed initial entry with +60 pips since Monday.

EURCAD H4, weekly bias is bearish, the lagging thread in the CAD basket, and possible the biggest distribution this week, currently NZDCAD is the leading and also the biggest distribution for the week.

CADJPY H4, weekly ACD bias is bullish, still waiting for the major CAD news for volatility, but made pending entries since Tuesday, one triggered  at 92.56

CADCHF H4, weekly ACD bias is bullish, made pending entries yesterday and one got hit at 0.7995

#forex, #pinoyfx

20140410 GBPCHF ACD Weekly Setup

Just made an entry yesterday after several days pain in bed, cannot properly analyze from mobile phone, so I quickly check what other GBP pairs can be traded. So far as of today, GBPCHF did good gain and possible to add more in the run. 

This week GBPCHF made A-down bearish bias, though slower than first trade I made with GBPUSD, I've been able to pull off some short entry at 1.4794, first recovery pending short is at 1.4825.

Though in Weekly chart it looks like bullish trend, but so far it didn't move higher than the previous high, so I took a chance with short entry and A-down bias as per ACD. Possible cover is at 1.4669

20140408 GBPUSD ACD Weekly

From a slow drop last week and indecision result during NFP. Movement after NFP starts to pick up in favor of GBP and with that much possible to test upper price area again.

GBPUSD W1, possible rise up to test the previous high.

After an enter above NFP high, a nice result gives me early profit this week, currently gain +98 pips. Cover short as indicated in chart below.

GBPUSD H4, entry on NFP high, result quick profit for the week.

+USD Basket

+USD Basket

Here's my basket account trade for this week, was trying to get +AUD basket but ends up skipping the trade last Tuesday 20014/04/01. Here's the current running trades.

update as of 2014/04/03

20140401 USDJPY H4

USDJPY Pre NFP Setup

Monthly Chart, USDJPY solid bullish with +174 room up and -87 pips room below and hit the nearest support. (Bullish +174)

On the Weekly Chart, price is currently above previous resistance, enough room to move upward with +62 nearest and +162 to NFP target. Reversal from price point downward is -105 pips.

With Weekly Macro ACD setup on H4, weeks ago market goes unbalanced in favor on LONG bias. Patterns from A-up + A-down, A-up + A-down, and this week A-up, so expect next week will be bearish again, else it breaks up upper resistance at 103.73

20140331 EURJPY H4

EURJPY on W1 chart still in early bullish trend, and next possible resistance is at 143.135 and another at 144.516. Looks like a long way to go for EURJPY this week.

On Weekly setup, EURJPY H4, a huge movement early TKO, and fade completed during LNO. All seems in good form.

20140331 EURUSD H4

I left one (1) trade running last Friday LONG @ 1.3714 and currently paid off the waiting game.

Here's the Weekly outlook for EURUSD

EURUSD W1, narrow range of Support and Resistance

Current Support and Resistance gone more narrow, next resistance is at 1.3821, and market previously bounced of 1.3746. Possible next move up is max in 37 pips.

On weekly trade (using H4 chart), early A-up bias materialized. Though I have a risky running trade I left last Friday at 1.3714, it paid off today.

EURUSD H4, weekly ACD shows A-up bias for this week.

Also EURUSD and GBPUSD still not correlated this week. GBPUSD might already done the move for NFP preparation, and EURUSD is now correcting the price range for NFP.

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more details here:

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2014-03-24 GBPUSD Weekly Setup

The Bigger Picture

GBPUSD W1 candles analysis

Macro ACD Bias and Setup

Late Monday A-up appears and after a successful Gap&Fade movement made,  I position my entry (pending long on 1.6496).

GBPUSD H4. March 25, 2014, ACD Bias with Gap&Fade and pending long entry

Wrong Cover Setup

So far, last March 27, 2014, I made wrong decision keeping cover short at 1.6567, then setup other possible cover price areas.

GBPUSD H4. March 28, 2014, short cover setups

I just made this blog yesterday, March 27, 2014. So I post this GBPUSD late. Next week, I will post setup as it happens.