Nov 12 2015: BEARISH EURGBP 1 Hour: Bullish BAT pattern at market (Analysis Based on 1 hour chart) Observations 1 Short term down channel 2. RSI oversold at swing low 3. Price at down channel mid-line 4.BAT at pattern at market 5. RSI hidden divergence 6. RSI regular divergence NOTE: Wait for price action to confirm the importance of these levels. If you...
Nov 12 2015: BULLISH USDJPY 1 Hour: Buy flag pattern breakout (Analysis Based on 1 Hour chart) Observations 1. This pair has consolidated after a sharp up move NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 5 2015: Bullish BAT pattern at market (Analysis Based on 1 hour chart) Observations 1. Price in short term up channel; Now broken 2. Price has been consolidating for the past few hours 3. Bullish BAT pattern at market NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
Nov 3 2015: BEARISH EURUSD 1H: Sell channel tops; Buy BAT pattern (Analysis Based on 1 hour chart) Observations 1. Long term down channel 2. Short term down channel 3. Bullish BAT pattern 4. Oversold RSI at 1H swing low NOTE: Wait for price action to confirm the importance of these levels. NOTE: This is a counter trend opportunity based on my daily outlook If...
BEARISH EURUSD 1H: Support becoming resistance. Wait for bearish price action. (Analysis Based on 1 hour chart) Criteria 1. Sell at daily Support/Resistance 2. Sell at daily swing low 3. Sell at channel high NOTE: Wait for price action to confirm the importance of these levels. NOTE: This is a counter trend oppertunity based on my daily outlook
Short term targets on the downside, however key levels based on the Monthly chart 1.2000 looks ideal. I believe price would reach 1.100 levels. If the trend line is breached then we can see further downside targets 1.0500 then lower. However, once my short term target of 1.10500 is met I would be then waiting for PA confirmation for the long set up to 1.200.
Confluence Factors: 1. Double Top on Daily 2. Close below 50/60 EMA on Daily following a long-legged doji on 3/24/2015 via Daily Chart 3. Rejection of Key Weekly/Daily Resistance at .79000 4. Head & Shoulders Pattern on Hourly Chart 5. Trade is in agreement with overall Monthly/Weekly Bearish Trend
Depending how the world might react on the failed negotiations between the EU finance ministers and Greece, we could see a completion of this Gartley or not. I will certainly keep an eye on it. I would strongly advise to put the stop above previous breakout - if you don't, stop loss might be hunted and you'd lose out on a nice opportunity. Even with this stop...
If you want to try AAPL Long right here, just use UT 2 (the green uptrend line) as your guide. It could be a short ride but you never know... As long as AAPL is above UT 2, stay the course. But if AAPL closes below UT 2 before you have profits, get out of the trade. Once you have profits you have the ability to make "small adjustments" to trend lines. Just...
The NZDUSD is in a really interesting place right now it is currently trending upwards and looks like it will be doing so at least for the next few days. I am currently short right now however I will be buying and selling several times within this trend. I was long yesterday. This is an incredible opportunity with the average trade ranging from 50-70 pips....
Price commentary can be found at the following post on my website. www.cryptowaves.com
Coming off from a bearish AB=CD pattern, Crude Oil is probably now zigzagging along a Wedge pattern. With price just bounced off the 78.6% fib and RSI above 30, I am looking for a long position with target price just below the channel's ceiling if it breaks the ceiling I will hold long playing the triple bottom pattern with target just below the previous high.