Hope everyone is okay, been quiet for a while as been busy backtesting and not taking any live market trades. Been using my top-down analysis, and have seen a possible short for EURGBP. As you can see, regained strength after a sharp downfall, however it has a high possibility that it could break the trend it has made, and make a further fall to the...
key points to have in mind:
1- Weekly bearish shooting star candle
2 - H3 time frame have completed 3black crows pattern
3- H3 indicating MACD crossover
4- 5 wave of elliot competed time for correction bringing taking the price to potentially break the flag and drop for ABC elliot correction
The GULF ETF is breaking down of a long term up trend line.
The MACD and OBV are supportive of this breakdown with cross downs.
Something is happening in the ME... and while Crude is rallying like no tomorrow, I see something bad brewing! It’s almost like a warning of sorts... heads up!!!
Reference ETF Info here
This pair has completed its upward trend with a culmination of its rising wedge as shown below. The formation is complete and therefore the pair is expected to tumble. Also in evident is the double tops formed along the trend line which the pair has respected and shown no interest in breaching the trend. Check out the set up and let us know on the comments below...
Using Structure and Trend Analysis, I find a pull back into this level of resistance very important and may show us the continuation in this downtrend with the right candlesticks presenting themselves in this area.
Price is in the motion of forming a high probable triple top if we do see price continue bearish. This pair is definitely showing us a seller market therefore it is in our best interested to follow this trend. Calculating targets if entering this market after it breaks support, we grab our data from support to resistance and use it as our potential target which...
After price broke out of a highly respected uptrend, price squeezed and broke out bearish (Impulsive Wave). Currently we see price rallied at a very attractive reversal level(Exhaustion), (Fibonacci 61.8% Retracement) Price is Accumulating at this Level so we are awaiting for confirmation to enter this high probable continuation of trend to the downside. Trading...
Previously analyzed the Euro/Kiwi, using Price Action we were looking to go Long (Refer to my previous analysis on EURNZD) We have a 95% Negative Correlation to EURNZD therefore we see price express itself like 2 Positive Magnets. Price is moving in an extreme downtrend which isn't hard to analyze with naked forex. I'd be highly interested in finding a high...
Price Action (Technical Analysis): After a successful breakout of the head and shoulder pattern we find ourselves in a very volatile area with
#1 Price retesting Daily Head and Shoulder Neckline
#2 Price Retracing to Neckline Structure is also the Downtrend 61.*% Fibonacci Retracement
#3 Downtrend Confluence
#4 Long wicks in the Daily time frame and closes below...
Price Action (Technical Analysis): Here we see price is forming a Potential Gartley Pattern in the 30MIN-4HR. I'd like to see price rally around 80.50-80.55ish and gain confirmation to go short if price action tells me so. (Bearish Candle Stick Reversal Confirmation) This trading idea is invalid once our D leg breaks above X.
Fundamental Analysis: None.