I'll see how it develops. A small plan of three days.
On this pair, there are 2 potential harmonic patterns : the bear Cypher pattern and the bull Gartley pattern. If you look at the chart, you'd notice that there are multiple lower highs that suggests that market might go lower, so the bear Cypher pattern would be a great selling opportunity. However, if market decides to go lower without triggering the bear Cypher...
Market right now looks heavily bearish, but if it keeps heading down, there might be a potential bullish harmonic pattern : the Crab pattern. There are 2 ways to trade this pattern ; the aggressive entry, which is right at the beginning of the grey box, or the more conservative entry, which is at the bottom of the grey box. If you don't want to miss a the trade,...
On the 1H chart, market seems to be in consolidation at the moment. However, it has failed to breach previous structure, and that is suggesting that the market is in a bearish consolidation. Plus, there's also a potential bear Cypher pattern, with RSI in a bearish divergence, and if the Cypher pattern completes, there's a potential selling opportunity.
Hello hello friends We broke triangle in down so we can fall to S/R. Then we can jump back to resistance or we can fall more to support. We need to break resistance for next move to up. Hope it helps. If you want you can write comment what you think :)
Could yen futures go high? I believe that we could see Yen Futures going to highs of 0.0093125. Pay attention to the futures guys when trading yen pairs... ALSO PAY ATTENTION TO THIS KEY LEVEL(0.092500)
Hello hello friends. Now we can stay some time in pink rectangle and then jump back to resistance(white rectangle) or fall to price around 1.35(yellow rectangle).
It was noted that CHFJPY could be hunting lower lows. Our current trend is bearish. H1 is complemented with an extremely strong bearish divergence including an ABC pattern back into an order block. Furthermore, H1 is complemented with additional trendline resistance increasing the probability of our trade. R:R > 1:5 Good Luck :-)
Complex Head & Shoulders Bottoms patterns rarely confirm, so forgive me if wrong... TA is pure speculation and this analysis will confirm only if the price actions crosses neckline upwards.
EURJPY advanced bat formation to possible completion soon. I will take traditional targets of T1 at .382 and T2 at .618. Best of luck!
The predicted weakness didn't exceed our expectancy by any means as a break down of the robust entry of 0.77790 sent AUD/USD pair falling to a low of 0.76160. From this point, the currency is likely ‘attracted’ by month’s low of 0.76430 and even though a break of this price level is not surprising, a move below Mean support 0.76250 is expected to pull in some...
USD/CAD pair appears to have found short-term support around 1.24500, at levels just below our entry price 1.26340. Daily momentum is bullish, and the pair is heading towards Key resistance 1.29390. We look to exit this trade possibly at this price. However, T/P 1.30970 is very much in play.
4H Charts shows multiple continuation patterns. The a-d-i indicator is low and the Moving averages are still headed north. A breach of the lower trend line could indicate a reversal, but that has not happened yet. Price will pull back allowing bullish entry.
Continued uptrend. The current projection of the events taking place in the US will not change enough to reverse the trend. I see this continuing to rise higher and respect the channel.
The current consolidation is considered a pause to complete sub-wave 4 of 5 before sub-wave 5 of 5 resumes rally .
Waiting for price to re trace to my entry point, before going long.
Daily chart shows short term reversal followed by small rally.