The price will pressure channel resistance, a bearish B-Fly pattern can be projected. Bearish divergence is already present and we'll see if a reversal bar pattern presents itself inside PRZ box and, of course, the bear divergence remains. Note: keep in mind the high speculation of hike rate in US
Price is pressuring channel support, the absence of a bull divergence suggest that the price will continue down. This week the high speculation of a hike rate in US put more pressure to keep short position. But keep watching the ABCD pattern for a bull divergence and reversal bar pattern inside PRZ (clues for long position)
NOTE! The GBP/JPY is a clear bearish trend. However there are 3 (+1) mains reasons why the market may rally up a little bit. 1. Formation of the 3 White soldiers pattern. 2. The extension and retracement levels join the red trendline. 3. The .382 Retracement of the A-B leg falls on the same level is the extension of the a-b leg. 4. abcd pattern is possible.
We will see if the channel on this pair remains. Possible entry around 110.69 (Daily resistance at 110.95 - 111.00)
The price is pressuring channel resistance. Bullish Gartley and B-fly patterns can be projected. Bull divergence is present for Gartley opportunity, just waiting for reversal bar pattern. Good for short position if Gartley pattern is invalidated
AUD still poisoned by the slight OIL price uptrend, but downtrend remains...
More chances for a bullish continuation, what is confirmed by a recent 1d, 4h price action, and important level zones Buy stop: 1,43701 Stop Loss: 1,43551 1st target: 1,43851 A Time management and Money management must be applied to the signals. Always have time stops in mind. This...
40,0% More chances for a bearish continuation, what is confirmed by a recent 1d, 4h price action, and important level zones Due to that scalping signals to be used are: Sell stop 108,608 Stop loss 108,887 1st Target is 108,329 "A Time management and Money management must be applied to the signals. This signals are part of...
OIL prices are pushing AUD up. On D1 chart, the pair is pressuring resistance at .7815, next resistance will be above 0.8030 D1 chart
For the moment, I'm looking for long position on lower TF
An ABCD pattern is in formation, a bullish divergence and bullish pin bar are present inside PRZ, so it could be a good idea to look for a long position, however the PRZ is wide (+150 pips), still there is a possibility that the price push down a little bit more. So, my options: 1) Buy limit at 109.64 / SL = 109.29 2) Wait for a reversal bar pattern around 108.99...
Price broke channel, but re-entered to it. A bear divergence looks very possible, will see if the price hits the confluence zone… View on D1 chart:
Price will be pressure channel resistance, will see if a new bearish ABCD pattern can be develop or the price will continue high for a Wolfe wave pattern... I'll be watching if the price hits the PRZ box and bear divergence + reversal bar pattern presents itself. My view on H4 chart: Bearish Shark and 3-drive pattern in play
I’ll be watching this possible structure in lower TF’s. My general rule: if I see divergence + reversal bar pattern inside PRZ… I’ll take the risk. My view on H4 chart: The price is breaking channel and probably will test resistance around 1.4630, if the Gartley pattern is followed by “my general rule”, I will be pointing to just one target (around 1.4315) and...
Another possible short term movement to the upside with the DOWI, support is at 174 and my target is 178.
Possible long GER30 However its Holiday Weekend :) Better watch out ! Happy Holidays Gert