ChadMartin

ChadMartin

Could test and reject the trendline for a pull back to maybe the 38.2. Daily shows an inverse H&S that appears to be holding.

ChadMartin

It's rejecting price just below the supply & demand zone. I would like to see a pull back to at least the 38.2 and continue long through the zone.

ChadMartin

Would like to see this pair retest the bottom of the channel or at least the supply & demand zone. Since this pair is almost exact opposite of EURUSD with the a H&S pattern, the pull back for a continued short would be nice.

ChadMartin

The only reason I believe this setup may play out is to complete the Last Kiss setup I posted last week. It could also test the trendline around where it crosses the 50 on the Fib.

ChadMartin

I don't know much about how the Elliott Wave works. But if this is even 10% correct (lol) you could look for a long entry and maybe hold for a while.

ChadMartin

Has been in this channel pretty much since the beginning of the year. I would like to see it reach the supply & demand zone and turn to the topside and either create a double top or continue to the top of the channel. Now if it breaks below and closes below the zone I would wait for a retest before entering for a short.

ChadMartin

Currently in 4hr consolidation. Wait for a break followed by a retest (Last Kiss Setup) before taking the trade. My directional bias is a short.

ChadMartin

Looking for a daily double top with maybe a spike past most recent daily high.

ChadMartin

Has a weird H&S on the daily, but dropping to the 4hr I would wait for a break & close below the trendline with a possible retest of the trendline before it makes its move.

ChadMartin

I would like to see a 4hr double top. But take into consideration that it has rejected the 50 on the daily. So even if the double top plays out the longest I would hold the short is around price point of 112.239.

ChadMartin

Seems to be in 4hr consolidation. I would wait for it to break out of the zone and do a possible retest before taking any trades. My directional bias is a short, depending on how the market gaps at open.

ChadMartin

Would be nice to see this last kiss setup play out on the 4hr. Only reason I think it may play out is due to the daily inverse H&S. Now it could drop farther into the zone before it continues to rise. I would use the 15m vs the 1hr for my entry or simply place a pending buy stop order above the zone after the market drops into it. Please go Like & Follow the...

ChadMartin

Broke out of my triangle sooner then I was expecting. But it has also rejected a supply and demand zone. It could rise for a pull back and reject the bottom of the trend line or create a inverse head & shoulder on the 1hr.

ChadMartin

I would like to see a double top on the 1hr with maybe a bearish engulfing or evening star candlestick pattern to set up a drop. The daily Head & Shoulder pattern still looks valid and is taking its time to play out.

ChadMartin

Gave out a nice 'W' & 'M' on the 4hr. It could do a retrace between the 38.2 and the 50 on the Fibonacci, maybe even consolidate between the two levels with a false move up (maybe at market open) and drop. Always wait for the setup before taking the trade.

ChadMartin

Appears to have a daily Head & Shoulders setting up. Dropping to the 4hr I would wait for a possible double bottom. Considering the Morning Star candle pattern also, the market could gap down at open and rise.

ChadMartin

Is sitting just below a low from earlier in the month. It could gap up at market open for a pull back before it continues a drop.

ChadMartin

May have setup a Last Kiss trade. If you take this trade, a buy stop can be placed above the wick of last the candle. Or you can use a lower time frame for a better candlestick reversal pattern. Remember to never take the trade if the market doesn't give you a reason to.