Market closed at a multi-year high last week as the bullish sentiment in the euro continues and dollar weakness persists. Price completed a bearish butterfly harmonic at the 1.2250 quarter point and I expect a slight retracement to the broken resistance to establish newfound support for another bullish impulse to the 1.25 quarter point.
Break of Monthly Consolidation Retested on Lower TF Bullish Engulfing Weekly Candle TP @ 0.85 Quarter Point Confluence w/ 38.2 FibLevel
Not convinced DollarYen is ready to fall yet Currently Trading over 112.5 QuarterPoint We could see a retest and a push up to 113.7 Completion of Bearish Shark Pattern That is the price I will be monitoring for Bearish Entries Bearish Target @ 111.0
A clean break and retest of the TL after market struggled to hold above the .8000 quarter point could see the market move back towards the .7800 lvl
THE STRUCTURE IS STILL TECHNICALLY BULLISH BUT THE PREVIOUS IMPULSE UP WASN'T VERY STRONG. BUILDING PERMITS TMRW AND THE FOMC STATEMENT ON WEDNESDAY SHOULD DECIDE IF EUR TAKES ANOTHER BULLISH IMPULSE OR IF USD IS READY FOR A REVERSAL. FOR NOW PRICE IS CONSOLIDATING, FINDING STRONG RESISTANCE @ THE 1.20 QUARTER POINT.
Still bearish on UsdJpy to completion of Butterfly pattern (See previous post) Waiting for a bearish reversal pattern for entry Retest of countertrendline TP 1: 106.00 TP 2: 105.25 From there price action will be monitored for next impulse
Price is right underneath a quarterpoint and has just formed the C leg of a M/ Double Top. High chance that price will drop up to 70 pips although 30 is the more conservative goal.
the pound/yen is at a resistance point. About 200 pips higher and i will be looking for price to reject off of the trendline recently crossed over. In that case a long term short would be in order. until then I remain neutral.
Bullish Gartley on the Daily TF Bullish Engulfing Reversal Pattern Moving averages crossed on Daily TF As long as we get a break above close above candle of the 1.65 level we should see a shift in momentum for the next coming days Target @ 1.675 Level Lower TF confluence: Looking for a retest of the neckline for the IHS for more entries
Hello Traders, I would like to bring to your attention a very important trade. I have noticed that GBPUSD has failed the 1.3000 level twice, never passing the whole number (Major Quarter Point). This is a classic Quarters Theory trade, which states price will make two attempts to pass a whole number, before reversing to AT LEAST the previous Large Quarter Point...
Price has been playing out as expected (See previous post of AUDUSD) Anticipating some resistance at 0.77 level 88.6 Fib level of Bat pattern Weekly trend line Anticipating some consolidation before Waiting for a Daily reversal pattern
Daily view of GBPUSD's next support level if downtrend is to continue
Bullish Cypher on the 4H TF Addition confluence w/ trendline Bullish Engulfing on the Daily TF Anticipating a break of Major Half-point to test Quarter point Potential Bearish Butterfly pattern set up for the retrace Anticipating another push up for a HH after completing Butterfly Pattern from 61.8 - 88.6 Fib level
Bearish Gartley formation based on the Daily TF Reversal off major half-point Bearish engulfing confirmation on the Daily TF Target 1 @ next quarter point Target 2 @ next quarter point
Aroight mate! I know I barely post, but just know that when I do post it's a pretty damn good opportunity. Just by looking at our weekly time-frame we can see a triple bottom in effect on our EU pair. Since we're currently testing a key monthly support level, I am expecting bullish movement all the way to the 12000-13000 area. To further confirm this, Donald Trump...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 1482 Cross-Rates (4th Quarter Statistics) @ drive.google.com Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 1482 Cross-Rates (4th Quarter Statistics) @ drive.google.com Best regards Aaron