High Probability Forecasts

[pro4Xtrader 10]

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 10]

Ok so lets get started, first is the EURUSD that looks very bearish still. There should be the final wave down of around 200 pips before/if it will start rising mid/long term. here is how I see it

[pro4Xtrader 10]

Also, look at the NZDUSD

 

Has very similar scenario like EURUSD just a little more downside potential, around 250 pips

[pro4Xtrader 10]

Here is NZDCHF idea that is poiting pretty much down for the pair, let me know what you think

[pro4Xtrader 10]

The latest idea is on CHFJPY it appear to have some upside potential along with all JPY pairs, especially USDJPY

[pro4Xtrader 10]

The EURUSD still 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

[pro4Xtrader 10]

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.

[pro4Xtrader 10]

Although GOLD long term uptrend could have started, on the smaller timeframe it looks like it should correct back to 1168.

[pro4Xtrader 10]

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.

[pro4Xtrader 10]

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.

[pro4Xtrader 10]

According to my analysis 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.

 

[pro4Xtrader 10]

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.

[pro4Xtrader 10]

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.

[pro4Xtrader 10]

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.

[pro4Xtrader 10]

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.

[pro4Xtrader 10]

NZDJPY just hit my downside target and closed above it. In addition a new cycle begins suggesting continuation of the trend up and potential double top before the big fall down.

[pro4Xtrader 10]

Crude Oil established a key support level at 54 Dollars for a Barrel. While at this stage new highs can be expected in the mid/long term, it is very likely that 54 level will be tested once again.

[pro4Xtrader 10]

NZDUSD in my view has confirmed the mid/long term downtrend. But now with the new cycle I think it will correct up slightly before the rally down begins. I’d be looking for selling opportunities around 0.76 area.

[pro4Xtrader 10]

The EURUSD just formed a double top that is confirmed by cyclic analysis. Next cycle should be down, ending on 14th of May and targeting rate of 1.0440.

[pro4Xtrader 10]

There is very similar picture on GBPUSD if compared with EURUSD. Also formed a double top and also with the new cycle. GBPUSD should target 1.4830, with the cycle ending on 5th of May.

[pro4Xtrader 10]

If we look at AUDUSD on Daily chart the cycle down has already begun on the 27th of March and should be ending on the 6th of May… hhh almost the same as GBPUSD. Good trading to all!

[pro4Xtrader 10]

I think it is obvious that there is significant support at 54 level and significant resistance at 58. At this point with the double top on the lower timeframe WTI has all chances to correct back to 54, after witch we might see uptrend continuation.

[pro4Xtrader 10]

NZDUSD entered the downtrend cycle that could last approximately 2 months. As a target I see 0.7270 area. As it currently holding the resistance, there could be a good entry point presented early next week.

[pro4Xtrader 10]

EURAUD cold accelerate growth mainly due to the AUD weakness. Trend up could continue for another 2 week targeting 1.4130, that makes it approximately 250 pips higher than current price.

[pro4Xtrader 10]

AUDCHF continues trade in the range with high probability of re-testing strong support at 0.74 area once again. When/if broken, it will open for more downside potential.