Technical Templates

[xerb]

My body still thinks it's in Majorca. Couldn't for the life of me drag myself out of my pit this morning, lol.
Taking a quick scan around some of the charts posted up during the past couple weeks, I see price backing off & reacting to one or two familiar zones in line with their respective biases since I closed up shop last Wednesday.

That Aussie trade I wrapped up down at 1.0450 climbed back up & bounced that prior s&r zone offering another bite of the cherry into Monday's New York session.
Plenty of clear trigger opportunity on the 60 & 15/5 minute combination charts to get stuck into for interested parties!


This aud/cad short view that hawkmoon & whipcrack have been highlighting since the 13th has also offered up another continuation short bet during early London trade on Monday off that support-turned-resistance zone. Again, plenty of clear pullback opportunities for those inclined via 15 minute hooks.


Carll's euro/dollar levels (3200 & 3300) are playing ball on this weeks continued climb, making pullback entries easier, as is his nzd/yen 68.20-30 marker & higher low step zones.
So no real need to look outside of the recent material to get a very profitable head start this week!
I think I'll ease myself gently back into it & look for a decent pullback opportunity or two from this selection of goodies.

Great posts since I last looked in guys, good luck for rest of week.

[2Taps]

Nice to see you back xerb, hope you had a relaxing few days over there in the european sun spot.
Don't overlook the Yen pairs though when updating the previous levels & zones guys. I'm still enjoying the steady trending motion on usd/jpy & eur/jpy.
hawkmoon posted up some excellent charts over on a Babypips thread this week amplifying the ease to which these pullback opportunities are setting up in sync with the dominant bias off s&r levels with hourly/15m stochastic hook confirmation.

There's still plenty of backwind to be had trading pullbacks on those beauties & eur/jpy is today currently pressuring one of his upper resistance zones at 111.50-90 that he flagged up on that thread from 2 days ago.

[hawkmoon]

hawkmoon posted up some excellent charts over on a Babypips thread this week amplifying the ease to which these pullback opportunities are setting up in sync with the dominant bias off s&r levels with hourly/15m stochastic hook confirmation.

as 2Taps says, I submited some euro-yen charts on a thred over there focusing each-way levals.
this one has completed sucessfully today & is now pulling back, closeing out trailing stops on the push down.
it remains primery focus on a revisit, along with the 2nd tier of resistance above it @ 113.0-50.


for those currently tradeing this pair, watch out for the lower swing zones around 109-109.30 & the 108.50-70 areas.
if the pullback turns into a larger retrace price will target in on those levals.
price is presantly being supported at the 110 round number, which represents a minor support line & it will be wise to observe the activity around here first before comitting any more money to the upside.

[Se7en]

for those currently tradeing this pair, watch out for the lower swing zones around 109-109.30 & the 108.50-70 areas.
if the pullback turns into a larger retrace price will target in on those levals.
price is presantly being supported at the 110 round number, which represents a minor support line & it will be wise to observe the activity around here first before comitting any more money to the upside.

There's some great content being posted lately from a good spread of contributors which is nice to see.
Thanks for the regular prompts & updates on the Yen pairs too guys. These support & resistance zones have once again held up to close inspection, especially that lower one you annotated on your last submission hawkmoon.
Price certainly got caught in that safety net & bounced impressively. I've let it be for now & will wait see how it shakes out into tonight/tomorrow. Obviously lots of trailing stops & buy limits sloshing around in the mix that require sorting & ditching first before it decides which way to go next.

[kyle morgan]

These support & resistance zones have once again held up to close inspection, especially that lower one you annotated on your last submission hawkmoon.
Price certainly got caught in that safety net & bounced impressively.

hawkmoon presented the abbreviated (low fat) version se7en. If you zoom out a little further on your 4H chart you'll get the full fat option showing the 3 touches at resistance from the 27th February, before breaking through & re-testing the zone as support on 15th March.
It's now tested it again today & found more bids for the time being.
You can also see the indicision around the 110.0 zone yesterday reflected in those spinning tops & doji prior to the drop & bounce.
I think you're wise to leave it be for now & allow the dominant camp to reveal themselves before considering stepping in again.

[jack mason]

Here are a few pairs currently sitting near the top of my active list that I'm kicking forward into next week.
I'll be looking to play them away from their contact zones as the appropriate (& usual) setups & triggers slot into place.

We have key Aussie & Kiwi data printing next week including NZ business & consumer confidence readings, current account & GDP output + OZ bank policy minutes & Stevens speaking at the Asian Inv Conf in Hong Kong early week (with Q&A’s).
The Japanese release their retail sales figures midweek & the G7 are in session, so we might get a little uptick in volatility across the pairs throughout various stages of the business week.

Nice heads up on the Yen pairs, especially eur/jpy supports last week hawkmoon, which was still orchestrating the action into Friday’s close.
Good stuff.

[shona123]

For those so inclined, your chart highlights review from last Saturday offered up plenty of great bias/trend continuation opportunities Jack. The only pair that didn't make it back into the edge of the pullback trigger zone was AUD/CAD, but it hooked down with the bias on Monday on the hourly chart & threw up a good few 15m hook pullbacks along the way during the week on its steady decline.

I've got a spotlight s&r zone on EUR/USD going into next week that offered a high prob/low risk entry during Thursday afternoon London trade & will likely attract more attention if it comes into focus next time around.


1.35 remains the next upper area of interest for me.
Immediate downside support area will touch on 3260-80 where it bounced from on Thursday, with stronger support further back towards the 1.2975-3025 swing zone.


Obviously Yen is still right up there on the volatility meter & the European crosses are still my favourite instrument of choice when playing this currency.

GBP/JPY keyed off a big loud s&r flip zone during Thursday's London session, which also marked last week's lows. Once again the hourly stochastic hook was clearly in evidence, & it obliged Friday by printing a higher low into the morning session to keep the bias intact into the weekend.


133.50 is the initial next upper destination for this one, followed by the May 2011 highs.
To the downside I have those multi-week lows at 1.30 before 128.30 & the 126.50 areas come into view.

[strobe]

The only pair that didn't make it back into the edge of the pullback trigger zone was AUD/CAD, but it hooked down with the bias on Monday on the hourly chart & threw up a good few 15m hook pullbacks along the way during the week on its steady decline.

GBP/JPY keyed off a big loud s&r flip zone during Thursday's London session, which also marked last week's lows. Once again the hourly stochastic hook was clearly in evidence

I'm gradually dropping all my shorter timeframe approach bets in favour of taking entries more or less exclusively via the 4H/1H hooks, which unsurprisingly coincide with consistent trend continuation pullbacks.

Once I've identified & researched my s&r levels I simply wait for pullbacks into the dominant trend/bias & only fire off bets as the price hooks up or down off at least the 1H extreme (80 or 20 level), but preferably in tandem with the 4H too.

I'm currently looking to get back into nzd/jpy & either gbp/aud or eur/aud next week, depending on the sweeter set up & location.
Those 3 pairs have been good to me over the last 2-3 weeks using this slightly longer timeframe approach as you'll see if you scroll to that dual chart view with the stochs active on your platform & take a look.
I decided to cut back on the shorter, intraday approach as I wanted to gradually include more commodity, bond & stocks/indices instruments into the mix to give me a bit more risk diversification.

The above 3 pairs + Yens are the only currency pairs on my radar next week.

[2Taps]

I've got a spotlight s&r zone on EUR/USD going into next week that offered a high prob/low risk entry during Thursday afternoon London trade & will likely attract more attention if it comes into focus next time around.
Immediate downside support area will touch on 3260-80 where it bounced from on Thursday

Nice one shona.
I was out all day & away from the screens so didn't pick this one up, but it got sucked right into that zone & was flicked straight back up the chart like a slingshot.
I assume you (& others) got onboard as it moved away from the support?

[Se7en]

Move down into a pre-identified support zone
Current bullish dominant bias still in play
1-2-3 setting up on the trigger (5/15m) timeframes
Plenty of average range left to get your teeth into.

All the important & relevant boxes ticked 2Taps, so I guess you can confidently assume one or two got stuck into it