Last analysis I provided my three overviews which were: 1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact. 2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133. 3- Retrace back to Daily 38.20% fib (8435), which was also previous monthly R/S, and a major...
This looks to be a good setup , if you are going to take this setup remember to risk responsibly.
Trade length from neckline to head.
Short term bearish move with good risk reward. Head and shoulders reversal pattern.
Wait for trend line break and higher high confirmation.
Consolidation Rectangle Breakout and Trend line breakout confluence. Short to key level. CAD to strengthen following oil price increases. Wait for retest of rectangle
Can wait for retest of key level or triangle before going short.
Lower highs and lower lows have formed. Trade the fib cycle to the D leg.
Pullback completed Bullish engulfing pattern completed on daily Trade to Fib Extension at -0.27
The pair has consolidated. I am short bias but these are two potential setups that could take place during the week.
Will trade up if trend line acts as support.
Short biased on this pair but depending on how price plays out I believe it could go either way. Two trading ideas.
A few possible moves on this pair for the week ahead. Will trade on the lower time frame.
Trade the falling wedge breakout Failure to close below a key level and the 61.8 Fib Wicks don't lie
Wait for breakout and retest on a lower time frame.
Self explanatory chart: CONFLUENCES _____________________________________________ Bullish resistance broken indicating strong bullish sentiment Approaching Monthly Resistance at 1.34600 -------------------------------------------------------------------- Wait to see price action when it approaches monthly resistance if price is...
Rejection of the 1.4000 region