Price hit resistance near 450 and also retested blue median line resistance near 430, and has cascaded lower. Look for possible continuation lower to 375-350.
Price is in a range between 1370 and 1311, look for price to continue downward of price is able to break 1311.
SandP is starting to drift lower, watch for levels to break around 210 then look for 2140 to hit the pink median line if new lows are made.
Price has risen nicely upward to hit the top of the Action Reaction Set, and is now is line with the downward fork. Look for price to continue to breadown, if price can get below $45 look for 41 at the middle pink median line.
Price has completed a bearish AB=CD pattern at a slide parallel of a downslope median line. RSI is overbought with a bearish divergence. Stoploss and profit targets as shown at the chart Like and follow for updates..!
Sell trade setup completion at previous structure and slide parallel of a median line. Stoploss and profit targets as shown at the chart. If price reaches the first target we move stoploss to BE at second position. Like and follow for updates...! Thank you for all your support..!
Price stalled and reversed on lower sliding parallel and followed up on blue median line. look for price to test 430 then show if it will rise or fall.
Price stalling on pink median line to the downside. If it continues to drop we will see 1300 then 1250.
Price is pulling back off of extended AR set to the upside.
Price is hovering after testing upper median line. I am seeing tests down on the pink median line and looking for a retest drop to minimum of 2150 eventually
Price is testing a slide parallel of a median line, where we should watch closer for a breakout below it. If price breaks, we should wait for a correction and a sell setup probably to the slide parallel of the descending median line. If a setup completes i will update this post. Like and follow for updates..!
Price has been rejected several times from the median line of an upscending pitchfork, and it looks like will now head and test an uptrend at the slide parallel of the median line. Any breakout below this level will signal a sell trade but first we should wait for a correction and a sell setup to complete. Like and follow for updates..! Thank you very much for...
EURUSD SHORT CORELATION WITH CHFUSD AND SEKUSD. Similar multipivotline on CHFUSD, and what seems to be a top of the downtrend channel on SEKUSD
The following methodology on the chart is action and reaction by Alan Andrews. As for MACD and OSMA indicators, they are showing signs of possible bearish divergence.
FX:USDCAD Chose what you want to do: Play for a long side, remember against the trend Short bias Wait Market s breath and then plan a short
Price is showing a possible move down from here on this Action Reaction set.
GBPUSD is moving into a corrective structure having already completed waves A & B after an impulsive up wave. Price is dropping completing wave C and soon will reach a very strong level where we may have the completion of the ABC corrective pattern. A buy setup completion in this level will probaly signal the beginning of a new up move. I will update if anything...
After yesterday's NFP news EURUSD dropped and reached a very strong support level where price has bounced from. The median line of a descending fork, the lower parallel of an upscending one, the 0.618 fib of the previous upmove and previous structure all meet in a key zone where we should watch for a long setup (short term trade). Overall i still exepct EURUSD to...