Sooo, we have a very nice breakout on FX:EURGBP after a long term retests of the structure level @0.7240. As we see price has broken the structure and it is more likely to retest it and then fall down. And there is a good opportunity to sell at this level. I assume price will reverse somewhere in red zone and our targets will be somewhere in 0.7176-0.7146. So...
Sunday Morning Traders! What we have for Monday is a very nice long setup on FX:EURAUD So we have a nice bearish channel and inside the channel nice ABCD pattern which is more likely to complete somewhere in the Red Zone with the confluences of: 1. Fibs extension 1.272; 2. structure support 1.5581; look left and check this level. 3. channel edge right at...
So, FX:EURGBP is in a ranging market, and I see a good long opportunity here. We have flag pattern with structure support confluence (see red zone), which is a strong wall for this pair right now. We can involve in this setup in two ways: 1. Buy on breakout (it is a better choice) 2. Buy at support red zone And our target 1 will be @0.7355, Although, if the...
Here is another setup on FX:EURJPY We have a very , very nice shorting opportunity. There is a very good structure @137.04, look left for more confluence. Besides the structure we have a completed bearish bat pattern. I suggest to go short at structure as the market has upward momentum, and according to my analyzes the structure must act like a wall. Our stops...
Hello Traders! Today FX:USDCAD is on my radar. Here is a very nice shorting opportunity. At last the price has broken a big triangle, found support @1.3175 and forming a flag pattern, and this means that market is going to fall even more. We have 2 opportunity to go short: 1. Sell around the PRZ, 2. Wait for the market to break the flag and support, retest it...
Harmonic pattern is ready to go short on FX:EURJPY We have a bearish gartley with the confluence of fibs 61.8. Our target 1 is around the next support and fibs 31.8 and the target 2 deeper support with fibs 61.8. Besides look left and check the structure levels for more confluence. GL (Green...
Here on FX:EURJPY we have a very nice harmonic moves inside the channel. This is so called 3-drives pattern and we have a very nice trade setup to go short. The structure and harmonic moves gives us the clear opportunity to sell. Our target is the next support level @ 134.72 with the confluence of fibs 50.0, and stops go above previous lower high. Note, that we...
Hello traders. Today on FX:GBPUSD we have a very nice shorting opportunity. The price has made perfect double top @1.5470 at very strong structure resistance level. For more confluence look left or switch to daily or 4h timeframe to see it better. Then price broke the neckline and went back @fibs 61.8 which gives us a 2618 setup and very nice shorting...
Good Monday traders. Here is the first setup of the week. We have a pure structure based shorting setup on FX:NZDUSD . The market is moving in the wedge currently and I am waiting the price to enter the Red Zone and fall all the way down. The reversal zone is between the structure resist and the fibs 61.8 with the confluence of look left structure. We should wait...
On FX:EURUSD we have very nice structure based setup, which is in my radar today. Currently I wait for the price to retest the structure support @1.1244. We have a nice confluence of Fibs 38.2 right at the support level. So I look the price should finish the correction in the red zone and then rally up to the next structure level @1.13518, where we have fibs...
Today on FX:EURJPY we have a very nice shorting opportunity with good R/R. First of all we have very strong structure resistance @136.45 with the confluence of fibs 61.8 and daily R1. Our target is the next structure support with the confluence of fibs 38.2 @134.99 Besides we have a bearish divergence and all these gives us a good chance to go short...
I wake up, did some analyses and found out this perfect opportunity on FX_IDC:USDJMD Completed Bat pattern at the PRZ zone with the confluence of: 1. Fibs 61.8 2. Structure resist 3. Daily R1 We have very nice R/R targets: Target 1 with 1/1.95 RR and Target 2 with 1/3.4 RR. I want to mention that X leg is located in very strong resist zone, which gives us more...
Today on FX:EURUSD we have a shorting opportunity at the edge of potential channel with the confluence of fibs 61.8 and the structure resistance. I think the price will come back to previous structure support -which will be the good opportunity to get involved and go long. 1. IF price breaks the channel and the resist than we should be looking our targets to be...
ON FX:EURUSD daily chart we have strong channel and harmonic moves inside the channel. So I am looking the price to enter the red zone and then rally up to the channel resistance. we have very nice R/R of 3.44. This is a perfect technical opportunity to monitor for the next week. Have a nice day
So, here on FX:NZDUSD there is a very good trend following opportunity that should be monitored during the next trading week. I am looking the market to do the following moves: As we are in a bear market right now I look for the retest structure, price should enter the reversal zone and then fall down. As you see we have fibs confluence of 38.2 right at the...
Rite Aid and I have a long history going back to a buy when it was well less than a dollar. We've recently seen a steady bullish move until the recent news that competitor Walgreen Company was looking to buy the remaining 55% of Alliance Books putting them into international markets for the first time which would potentially allow them to undercut Rite Aid. For...