I will be looking for a movement below the green support on Monday before placing a trade. Overall this pair is trending down and it has pulled back to resistance. I believe this is a good time to short with the proper signals. I will be paying close attention to RSI and MACD. I have 3 TPs shown. The green line is long term support on the weekly. Looking like a...
Waiting for it to retest the neck level @ 116.10 and the drop down.
So on daily chart divergence is going to its zenith and price is very close to MA50 and MA200, which I suppose will not stop pair from breakthrough.
Since March 18 2014 FX:XAUUSD is experiencing a down trend corrective structure. It completed a Cypher Pattern lately. Although it had a little breakout on 8 Feb and 9 Feb, it went back as well. Coincidentally, the end of Cypher Pattern and the upper of the Corrective Structure are both around 1190. XAUUSD could breakout again to up trend or go back to down...
GARTLEY PATTERN PAIR: USD/JPY TIME-FRAME: 1D TRADE: GARTLEY PATTERN A lot of new traders don't like these kinds of predictions for obvious reasons. But you would be very surprised at how Price Action can respect these Ratios and Structure to form Potential Pattern opportunities that come to fruition NOTE: These are potential trade opportunities....
BAT PATTERN PAIR: EUR/USD TIME-FRAME: 1D TRADE: BAT PATTERN Really big Bat Pattern to keep on the Radar for the EUR/USD NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
AUDUSD is nearing the PRZ of a bearish shark in a S/R zone that is confluent with the a bearish Wolfe Wave setup. 200 EMA and SMA may add resistance in this area. To add to bearish bias, this pair has been in a strong downtrend and this would give us an opportunity to ride it down to the .886 fib if price should reach the PRZ. Entry is placed at the shark...
Although NZDCAD has not completed a technically valid Gartley pattern since the C point has exceeded its .886 conventional limit, the pair has still found support in the .786XA area. In addition to this key retracement level, there is confluence in this area between 1.272AB=CD and the 1.272 projection of BC. To add to the bullish bias, a missed monthly pivot...
GBPCAD has satisfied the conditions of a bearish 5-0 pattern at the 50% retracement of the CD leg. Missed monthly pivots for June and July of 2015 will likely help drag the pair down to the target area. There is tight zone of confluency around 1.978 shared by .786 XO, 1.272BC projection, and .786BC=DE, which makes for a nice area to take profit. The next level...
After a sharp drop/ downtrend of AUDCAD a bearish pennant has formed on 4h chart. The price is consolidating before I believe it will breakout on Monday morning and test the daily resistance from December at about 0.94. I believe this will be broken and price to continue the weekly/ monthly downtrend that is forming and looking at the current forecast for the...