High Probability Market Forecast

pro4Xtrader

Active member
107 6
Hello fellow traders!

This is my first post and I would like to start a trade journal where I can share my trading ideas where I am always open for any comments, feedback and suggestions.

The reason this thread called "high probability" is because I'll try to share only cherry picked setups here.

Hope this will be a hot and friendly thread!

Regards,
 

pro4Xtrader

Active member
107 6
Ok, lets get started... Today I am looking for continuation of the move down on NZDUSD, it yet to hit my downside target and could provide a lot sell opportunities in the next 7 days.

2962g5y.png
 

pro4Xtrader

Active member
107 6
Lets look now on the EURUSD
15843nm.png


Very bullish in my opinion and it has more less same downside potential, 200 pips. That would make a target around 1.0440 before/if it finally reverses up for mid/long term.
 

pro4Xtrader

Active member
107 6
Another interesting idea is on NZDCHF
fld384.png


It could either move down very fast or take time. Both scenarios are displayed on the chart.
 

pro4Xtrader

Active member
107 6
The lastes idea is on CHFJPY it appear to have some upside potential along with all JPY pairs, especially USDJPY
2hoy6ig.png
 

pro4Xtrader

Active member
107 6
The EURUSD looks very bearish and it just hit previous support area which is now should act as a strong resistance. Overall I’d expect it to drop to 1.0434 by 23th of April
fk0h82.png
 

pro4Xtrader

Active member
107 6
Clearly there is a long term uptrend on GBPAUD that appears to be still valid. I am expecting rate to continue rising targeting 1.9737. Target should be reached either by 7th of May or 7th of June.
2lxifer.png
 

pro4Xtrader

Active member
107 6
Although GOLD long term uptrend could have started, on the smaller timeframe it looks like it should correct back to 1168.
sw34ea.jpg
 

pro4Xtrader

Active member
107 6
US Oil – WTI just hit my upside target at 56 USD for a barrel. Not its an interesting level that should be monitored. Breakout above should trigger further extensions up while if rejected correction will take place.
2uzcvhv.jpg
 

pro4Xtrader

Active member
107 6
NZDCHF after forming a double top has very high probability of correcting down. I think we’ll hit 0.7235 by 23rd of April… yea we could see pretty fast drop.
281bpt0.png
 

pro4Xtrader

Active member
107 6
According to my analisys USDJPY eventually should move lower. However at the same time while the new cycle begins it could trigger a correctional move up for about 200-300 pips. Need to watch current support.

161ygxz.png
 

pro4Xtrader

Active member
107 6
Interesting setup on NZDJPY.
The long term picture looks pretty bearish, while in short term pair facing no resistance, while the support has been rejected. It could be a good long trade for approximately 100 pips potential gain. Soon we’ll find out.
o5njp0.png
 

pro4Xtrader

Active member
107 6
GBPUSD did break the support that implies that it will move lower eventually. However the cyclic analysis warns on the potential move higher first. So there are two trade setups, buy and sell … will be interesting to follow.
2h5i2yd.png
 

pro4Xtrader

Active member
107 6
For now USDJPY should continue moving up towards our target at 120.20. When/if hit I’d start looking for mid/long term sell opportunities as most pairs signaling on potential weak USD and strong JPY in the next weeks/months to come.
t5nfxt.png
 

pro4Xtrader

Active member
107 6
Across the board AUD could be losing value, fast. This would establish trend on most AUD pairs, especially GBPAUD, EURAUD and AUDJPY. But in this particular case here is EURAUD likely scenario… quite large upside potential.
2zg6s8y.png
 
 
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