FWMP 2/12-2/16 Predictions For 3 Major Forex Pairs

"if this candle can close back below that area then this will be a very nice place to start looking for some shorting opportunities here on the Aussie dollar and because of that let's go ahead and change the color of this line to red because we do use red in order to mark resistance and blue for support so the very first thing we're gonna be looking for here out of the Aussie dollar is some resistance from this area zero point seven eight one six to possibly push this market down in trend continuation at least a retest of these lows possibly train continuation all the way down to our next support level a zero point seven seven three oh"

"Now the second most likely scenario here only Aussie dollar in my opinion is a move back up into zero point seven eight nine three we could quite possibly see something like this because of the amount of a sell-off we had right here we had a huge sell-off so this market finding some relief all the way back up into zero point seven eight nine three is not out of the question if the market makes it up to that area within this week this is an area I will definitely be looking for shorting opportunities in possible trend continuation possibly completing this reversal giving me that one two three four move and pushing this market down to continue in this downward direction"

"some other things we could see out of this market is if we get this push down we could see some support coming in at zero point seven seven three oh so that's where we'll be looking at for long opportunities and we actually need to go ahead and zoom the chart out and find another level of support here for the Aussie dollar so as i zoom the chart out I already see the next level of support that I'm gonna be paying attention to see if you can spot it while I grab my horizontal line tool that level of support is right in there and the reason being because we have a market that has found support support resistance support resistance and now if this market can come down in this level once more we expect it to be a place for the market to find support yet again that level is zero point seven six three two"

"so for me though what I'm looking for here on the pound dollars long opportunities and I see a really good area to look for those opportunities on the chart now it's at one point three eight to nine right where the market is hovering around on lower timeframes I'll be looking for some kind of long opportunity from this level"

"other than that what else could happen out of this market we could see a further push down again staying in an uptrend all the way down to one point three five nine seven if we get down to that area it's another point in the market that I'll be looking for really accurate long opportunities on lower timeframes"

"if we get a little bit of a rally out of this market we could see this market push all the way up to one point four oh nine one and although the market would still be considered in an uptrend at that point this is an area I would look for counter-trend short opportunities at this major level of structure in here right around the neckline of this devil top so that'll be the first place we're looking for short opportunities is around one point 409 1"

"another level we can look for shorting opportunities that the market pushes above that area and trend continuation our counter trend level will be at 1.4 409 right around the 1.44 even handeled that'll be the next level we look for counter trend shorting opportunities here on the pound dollar"

"my trading plan says that I can take a trade from the zero point nine three eight five level so of course if some kind of really good injuries and happens on a smaller time frame at this level then I will be taking a trade but again in my opinion the more likely scenario is a bit more of a rally out of this market before we see that next continuation in the current downtrend"

"when we see that continuation what are our counter trend levels well the first level we can look at is where this spike came in - you see this candle wick here that spike down to the zero point nine two nine five level right around the zero point nine three even level that's the first place we can look for counter trend long opportunities here on the dollar Swiss if we get a push down"

"the zero point nine four four six level this is the level I was talking about seeing some resistance that could push the market down into Train continuation so the market gets up to that level directly after hitting the zero point nine four four six we get this big bearish day showing that that level acted as resistance and we actually had a pretty nice entry reason down on a lower timeframe right at the zero point nine four four level"

"now let's go ahead and head back out to a daily chart and talk about what we're expecting next out of the dollar Swiss back out here on the daily chart we're hovering around the zero point nine three eight level again level that did act as resistance right here pushing the market down but here we're not really expecting support out of this level the things I'll be looking for this week on the dollar Swiss is if we get a push back up into zero point nine four four six I'll be looking for resistance at that area if we get a push above that I'll look for resistance once more at zero point nine five four"

"and if we get a push lower I will be looking for counter trend support around the zero point nine two nine five level same area where the market found support last week"

"now if we push below that area in the continuation of this downtrend we'll be looking at zero point nine one six three for our next level of possible counter trend support here on the dollar Swiss"