EURGRP found support after finishing wave 5 of wave C. Price made a nice 4H pinbar buy signal at the 61% Fibonacci level. After the 5 wave impulse to the upside and the ABC correction, we should now see new daily highs.
GBPJPY moved pretty corrective for the last weeks forming Wave B. This is typical for this correction pattern. We now got: Sell Pinbar at key resistance 50% Fibonacci retracement of Wave A Break of rising trendline After the rapid movement of wave A and the corrective retest of wave B, we should now see a pretty fast 5-waved move to the downside. This...
Believe this pair is on its final bearish impulsive move. Waiting for price to move down a bit further and i believe we could see a massive reaction with a lot upside momentum. Could be a nice long opportunity at that crucial level and a long position that could hold out for the rest of the year Any questions feel free to ask
Believe golds current price action is a corrective wave, with a new impulse leg coming to the downside. Will see how it plays out.
May take a while to set up but the overall bias is short, waiting for the corrective wave to finish and then waiting for a big short to the downside. Two possible entry points, dont be surprised if its the 2nd one to catch people on the wrong side of the market
Waiting for a 3rd touch of this corrective channel Once that is in place will be looking for shorting opportunities on the lower TF's to get maximum amount of profits out of this trade.
Nice little short opened here at a Daily zone, triple top pattern with and engulfing. Also have some lovely RSI divergence. Lets see how it plays out. Any questions feel free to ask
Waiting for price to push a bit lower down towards the horizontal support and the daily trendline support. Looking for a reaction at that area. keep your eyes peeled
Looking for some sort of reversal at this zone waiting for price to tell me its time to sell
Price formed a sell signal around the recent high. This last wave can be counted as a wave B and we should now see a impulsive wave C to the downside. First TP: +350 pips
EURGBP at a crucial stage, will we break lower to break out of this range or will we push higher to stay range bound. Either way i have my two ways i will be trading this pair. Lets see how it goes. Any questions feel free to ask
Two possible scenarios here My tendency is to short this currently unless we break the resistance level above. But currently we are approaching support again and I'm hoping we can get a break and a retest of this level and then look for entry reasons to get short. Lets see how it plays out Any questions feel free to ask
Leaning mainly towards downside momentum as the 4 hour is currently swinging nicely. If the support holds again then we may be range bound between 1.445 and 1.455 for a little while but they are the two key areas to keep your eyes on. I'm really hoping the support can break nicely then re-test the 1.445 level and then make a move to the downside as there is a...
Nice short opportunity that you can take on Monday Lovely daily Engulfing candle at a nice area of value
As we approach this previous area i will be looking for long entries on the lower TF's It is clearly a strong area and i would expect some sort of reaction at this area. Would expect this to be ready at maybe some point tomorrow or Friday Lets see how it shapes up
USDSGD - Long.. Price has currently formed a double bottom at a key zone so depending on how aggressive you are you could enter now. I am waiting for price to show some weakness so until it doesn't test a previous days lows, gives an engulfing candle or a nice hammer candle then i wont have a reason to enter. Lets see how it plays out.
Several confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of...