COPPER SHORT! Back 2 Back?Previous Gartley on COPPER worked out great! Second Gartley has formed and hopefully we will get 2 out of 2. RSI going overbought (82.9) and copper still trading within the triangle gives us extra confirmation for a short.
Formation
USDJPY Short setup (Cypher formation)USDJPY broke the downwards channel earlier, now looking for an retracement of at least 102.591.
Bearish formation wait for D completion within PRZ around 88.6%
good amount of confluence Resistance lvl lining up with 88.6% fib
stop loss 40 pips above entry
look to target towards the 0.75332 trail if needed and next towards 0.73921
NZD/CAD - LONGAnalysing NZD/CAD on the daily TF we can see an inverse head and shoulders formation completed and a potential break of the neckline reaching new highs. Upon a successful break of the neckline we could see a huge bullish movement up to the 1.01-1.02 level.
Trade with care.
GBP/JPY: ANALYSISYou can see that the consolidation shows we are in a bullish behaviour however the descending wedge formation portrays that GBP/JPY has the potential to pattern out and perform a bearish move in order to keep supply and demand flowing. The bearish flag pattern has been identified as this correlates with the potential channel. I believe that the trend will create corrective waves towards structure levels as the potential target point is in line with the lower lows in which could be a signal to go long.
USD/CHF - INVERSE H&S?Potential inverse head and shoulder pattern forming on the 240 TF, will be looking for a bearish RS down to 23.6% fib, then a bullish leg up to the monthly TL and look for a possible breakout. Just an idea on the current price action, let me know your thoughts!
EUR/GBP ANALYSIS WEDGE PATTERNS, POTENTIAL TARGET POINTS.Wedge pattern broke, the continuation of the trend must carry on moving, I believe the trends movement would be slightly bullish as the euro is gaining strength. I have placed targets of where the trend may roughly go. The current potential bullish wedge may be giving the trends formation in where the type of movement would be directed.
Current point: 0.8663
Opening point: 0.8680
Target point: 0.87040
Exit point: 0.8587
$FB - The thumbs are pointing downwardThe FB daily shows a coil around the point of control in the 114s. A break north of the coil on weak volume, paired w/ a flat RSI, and MACD negative divergence indicate a potential reversal back into the coil. If the support in the 113s holds, the coil should then break north again. If it fails, it could result in a possible bow draw reversal of the coil, at which the next level of notable support is A move to that degree could result in a possible draw reversal to the lower support in the mid 109s.
Target area highlighted in yellow, which is also the .5 - .618 fibonacci levels.
GOOG coil w/ broadening formation$GOOG is coiled up on the daily. Nearing gap fill into broadening formation resistance.
Short on the gap fill.
FANGs - Wow. A lot goin on here.Busy chart, so bare with me. Bold call, but the more I look at the FANGs on a combined chart, the more I see an (incomplete) bump and run reversal (BARR) in blue.
A head and shoulders is present within a broadening formation in white, that gives room for the H&S to complete. Support in green, resistance in red.
Down.
INTC for the move down?INTC weekly broadening formation into resistance & keltner upper extreme.
Looking for a move back to POC in 32s, potentially lower into support plotted below.
SGY- Long from 7.53 to 11.30 (Swing Trade)SGY- Long
Trade Logic: SGY- Long
Trade Logic: Ascending triangle formation, swing trading
Entry Price: 7.53
Target Price: Target 1-9.2, Target 2- 10.61 & 11.30
Stop-Loss: 6.57
You can check our detailed analysis on SGY in the trading room link here-
Trade Suggestion Date: 21/6/2016
Trading Room - Executive summery link:
Time Span: 13:15”
Trade Open: Waiting for entry confirmation
Broadening Structure, buy throwback Buy throwback if there's one with a Stop loss at 0. profit taking can be very high if the structure is valided by the market. look at the graph..
NZDUSD Bearish Gartley PatternHere we are looking at a bearish gartley setting up to complete at 0.68831
Entry: 0.68831
SL: 0.69379
TP1: 0.68195
TP1: 0.67903
AUDUSD Potential long opportunity on a Cypher formationHere we´ve got another small opportunity to go longon the AUDUSD 60 min chart, er got a Cypher formation setting up, our PRZ entry level is 076102 stops and targets are on the chart hopefully RSI is going oversold.
Good luck and good weekeend
Kind Regards
Thomas Jeff
Potential Bat Formation With AB=CD Pattern Potential Bat Formation With AB=CD Pattern with RSI Extremly OverBaught, 4 Hour Resistance with Feb Confluence
