ForexTurtle

ForexTurtle Updated 

Price forms a nice pattern... on daily and on weekly... expecting bullish continuation !!

ForexTurtle

Hi guys... i am seeing a textbook bearish flag formation. Price entering from top, consolidating up forming the flag. It would be good to enter on the top of the flag region with a good SL above 9,000 and tgt of 6,000.

ForexTurtle Updated 

Looks like BTC is turning bullish... (1) Fib : Price crossed above its lifetime 50% fib level of approx $ 10,000. It consolidated and showing signs of moving up. (2) Sloping trend line from the peak : Price broke of the trend line, retraced and now again on way up, next target being 13,000. If it fails.... to cross 11,000 convincingly or goes down below...

ForexTurtle

I expected the price to go higher till about 12k-13k before any futher up/down movement. But now I feel the bounce from 6k does not have enough power. It broke the down sloping trendline, did retracement, but lacks power to followup higher. The rise from 6k is with lower lover volumes. RSI in (4H) also show bearish divergence with the price. Horizontally... it...

ForexTurtle Updated 

E$ : did a very nice double bottom.... (I missed it), did a bullish neckline break, consolidated back at the neck line - then continued up further. All three major SR regions have been identified.. and Price moved a textbook path. I except consolidation now.. until FOMC minutes and then price to move up. Any movement up above the running 4H candle should be taken...

ForexTurtle Updated 

BTUSD on 4H showed showed breakdown of double HnS pattern. There is a small consolidation happening after 2nd HnS in form of a bearish rising flag. Histogram also shows negative. At 50 % fib region it broke 1st HnS and did a retracement. As a bearish follow-through if made another HnS. Current consolidation is the 62% fib region. Trade idea : Sell BTCUSD with SL...

ForexTurtle

There is a nice breakout expected in Gold. right now some correction is expected. Trade idea : Buy gold this week.... during correction. SL :below 1250 TGT : 1550 RR almost 1:2 Loss probability is very limited. Be careful of your entry.

ForexTurtle

Further to my last post on possible HnS breakdown of $index... its has been a textbook movement. I expect a short pull back now.. but index to further go down to meet rising trend line + horizontal support at 88. These is a fib resistance 89, but I feel 88 is pretty sure. So thats Sell for USDJPY, and Buy for EURUSD, GBPUSD. Add position at every...

ForexTurtle

$ index is having a technical pull back from the HnS fall... hence bearish setup in formation.

ForexTurtle

Looks like GU is started to go our way !! 23 % fib is strong, if 11% breaks.... its party time !!!! Watch the trend line.

ForexTurtle

USDCAD : i dotn follow this pair... but it looks sitting on a good support. breakout done, retracement done and now at a good supply zone. Oil is at peak, upward price is in pressure... that dont not help CAD. $ is bullish for the year.... so is this pair.

ForexTurtle

Round bottom or cup and handle formation..... buy idea.

ForexTurtle

I have seen many charts with Sell setup for this pair. I beg to disagree with them. Most of the reasons I have mentioned in the chart itself. The upmove has clear support of fib and the structure is showing lots of strenth. $index and $Yen have +ive correlation now. $ is bullish for this year, with minor retracement correction expect now. >> I think this is...

ForexTurtle

This is in continuation to my previous Au$ megaphone sell chart setup. Now the price has broken down from the lower band line of the megaphone pattern and is now retracing back to the line. Depending on the performance of $ next week and its co-relation with Aud - we can setup an entry either at the line or above the line at 0.7757 (38% fib + resistance...

ForexTurtle

High probability bullish inverted HnS pattern in development on the sloping trend line. Look at the purple trend lines and pathways !! Potential path : 94.8 (cmp) >> (pull back) 94.20 >> tgt 96 region >> (pull back) 94.5 region >> tgt 95 region >> break neckline & tgt 97-98 region >> pull pack region ?? >> tgt 99-100 region. And I guess thats when the EU...

ForexTurtle Updated 

$ is doing a long unwinding pull back. This can be used to enter trades in other currencies such as AUD which had runup in the past. > Half the quantity can be sold now and other half at 23% fib. > Once the price breaks 38 % down (30 min candle open and close) then can add to your positions. >> Target is 62 % fib. But I think its better to keep the trade...

ForexTurtle Updated 

Excellent bullish triangle setup. Price expected to play some drama in the pink box and then shoot up. First target 95, and then 100. Good luck traders.

ForexTurtle

For those who missed the fall of Nz$ - here is another opportunity. Sell now ! There is (1) bearish Symmetrical Triangle, (2) Pin bar approval of Resistance (3) Fib rejection at 23%