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...
For tomorrow we have very nice opportunity to go short or long. This pair is ranging sideways in a beautiful rectangle. I like when price acts like a magnet. Right now FX:EURAUD is in a decision zone. The price found strong resistance @1.6039 twice with the confluence of fibs 61.8. I think the price will retest the mini structure @1.5932 and then we should see...
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...
On FX:NZDUSD we have potential double top setup with the confluence of: 1. bearish divergence 2, RSI overbought 3. resistance 4.weekly R1 Our target will be the next structure support zone (green rectangle) with the confluence of support and the fibs 38.2 retracement. The best target level will be @0.6342, where we have weekly PP; fibs...
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...
Dear traders, FX:USDCAD is moving between this big triangle recently, testing the edges. Here is what I think: If price comes to the edge again we should see the bounce and rally up again like it did several times recently. Besides at the edge we have a confluence of strong structure support (look left) and fibs 78.6. We have 2 potential targets, 1 @1.3250 and...
On FX:EURGBP we have very nice opportunities both for long and short. It is clear that market is moving in the channel. 1. Long setup: targets should be somewhere in "Bullish Target Zone" - green rectangle 2. Short setup: targets should be at the structure support @0.7241 Watch market carefully and decide on which side you are, Bullish or Bearish.
Here on FX:GBPUSD there is nothing to say, as the chart says everything. Very strong and nice resist zone is waiting the price to hit @1.5464 and then fall down like a waterfall. We have 2 targets: 1 @1.5325; 2 @1.5167.
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...
AFTER PERFECT DOWNTREND WE CAN SEE THE FORMATION OF LITTLE DOJOS .THIS USUALY IS A HUGE REVERSAL SIGNAL. CONFLUENCES 1 DOJOS ACT AS RES LEVEL. ANOTHER RES LEVEL WHICH IS ON THE 50 PERCENT OF FIBO RETRACEMENT AS A CONF SIGNAL WE ARE WAITING THE BULLS TO BREAK THE TRENDLINE AND RETEST THE LEVEL AS SUPP.
AFTER THE DOUBLETOP FORMATION. WE CAN SEE THE BREAK OF THE NECKLINE , WE ALSO CAN SEE A RETEST. OUR CONFLUENCES ARE DOUBLE TOP FORMATION BREAKOUT AND THE RETEST AND A TRENDLINE CONFLUENCE AND OUR FIBO. IT IS POSSIBLE EVEN TO BREAK THE TRENDLINE , BUT WE ARE NOT SURE IF THIS WILL BE A BREAKOUT OR A FAKEOUT
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...
We have very effective setup on FX:EURAUD which is under my radar for the next trading week. In this case we have 2 opportunity to go short: 1. We can go short straight at the structure resist 2. We can wait the price to retest the structure resist and make Double top with divergence and then go short.
Looking at the technical point of view, I can see more to come on USD/JPY. The area that I many people will take profit of the positions is 120.00 (0.61% fib of 1998 high and 2012 low + upper line on pitchfork + trend line + great size to be wave 5). I'm already long and will buy in every correction above 108.00.
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...