Even though we are getting close to a daily resistance zone I think there is a short-term upside potential. The latest bull run has been almost uninterrupted by the bears and they most likely won't be able to stop it with just one try. So expect increasing volatility before this thing turns around. For now I am looking to get long if price makes it back to the...
If this corrective structure holds I am looking to go long with my primary target around 0.8745. And if that level folds a move up towards the resistance area between 0.87600-0.87900 is to be expected. The resistance area should attract plenty off sellers so would not look for targets beyond that zone.
Correction forming underneath a strong resistance zone. Will be going short on a pullback to 0.9670, targeting 0.9655 primarily. Extended targets are 0.96350 & 0.9595.
Pair's remain within the descending channel, I believe in the possibilities of resuming further downwards. But observed a quite strong upward correction, likely to grow up to 102.65 and could extend to 104 (medium term range) Worst scenario, if the assumption is correct then stop order will be placed accordingly shall the pair's trading up until 104 -105. USDJPY
Still in a ranging environment on the higher time frames, shorter time frames can present some short term trading opportunities. Depending on how price reacts to the small support zone around 1.8200-1.82150 I am considering to go long with my primary target at 1.82500 and second target just shy of 1.83000.
We are currently in a bearish channel as you can see the trend had given off corrective wave patterns to perform downwards movement out of the waves previous structure, whereas the trend is now retracing possibly towards recurring previous structure levels. I suspect the trend to create another lower low in order to test below structure levels and to maintain the...
In a hurry today so unfortunately not able to write a description. My apologies.
Quick play before today's interest rate decision with a possible extended target if the trade is in the green once the news come out. In a hurry so unfortunately not able to write a detailed analysis. My apologies.
USD/AUD is moving within an uptrend. This Pair has formed a 5 wave corrective Structure to the ascending Trendline. Now I'll wait for a completion of this 5 Wave Corrective Structure and enter my long Position after a breakout to the upside. Trade safe, Daniel Likes and comments are appreciated and would keep me motivated
Hi Everyone, we discussed this stock in our us energy stock screencast and identified that this was a short setup to keep an eye on. Only a few days later now it has slipped sharply down and now rests on our lower trend line. We're going to start watching for signs of breaking down on a lower time frame. If it retests and is rejected the we will be taking a...
After a strong impulse down Chevron is in what appears to be a corrective structure. We will be waiting for a break out of the lower trend line. Once that happens we will watching on lower time frames for a retest and rejection before taking the short position. The targets would be 55, 30 & 15 which are previous strong support levels. If the rally breaks up and...
Hi Everyone, we discussed this stock in our us energy stock screencast and identified that this was a short setup to keep an eye on. Only a few days later now it has slipped sharply down and has broken out and down. We're waiting now for a correction and also to confirm that it won't reenter the trend line on a shorter time frame for the short entry.
GBPUSD it's on the B corrective wave, I m looking to go short for the C wave after a sell setup appears on lower timeframes , which will complete the ABC corrective structure before heading for the next impulse up. Trade your plan
Not sure how much price is going to drop before the impulse up Expecting price action to drop to at least 23.6% fib if it does I want price action to break minor support turned resistance level to indicate possible move to 1.272 extension. Stops below critical zone
Since Brexit, there are 2 instances of rejection of this zone, the 3rd one was just happening last friday. Expect price to move lower to range 1.10500 - 1.09600.
Hi Everyone, there is a sell setup for RIO -0.89% on the London Exchange. It is in a corrective ascending triangle which we are waiting for to break down and out of. A high risk entry is available on lower time frames now which could bounce up off the lower trend line but otherwise we will wait for the break and retest of the lower trend line for the sell.
Hi Everyone, AAL is looking corrective so we are waiting for it to break out of the lower trend line or bounce again off the top trend line. Once the trend line is broken we will be watching it on a lower time frame for a retest or consolidation before placing the sell order.