Support turned Resistance zone from 1.0890's to 1.0870's so as per my rules going short in this zone. Yet to get filled
I'm anticipating a potential retracement to test the CTL followed by a rally down to previous structure lows.
EURUSD was stopped by a trendline developed since mid December. With prices failing to breach that region, and breaking out of its bearish channel,I expect EURUSD 1.08136 levels.
Just a quick follow up from the trade I shared with you guys in last night's video looking at a trend continuation opportunity on GBPUSD. As the market established a double top overnight, counter trend traders will also have an opportunity to involve themselves in a 2618 trade as well. Make sure you check out yesterday's video for an explanation of the TCT...
The CAD is strongly tied to the commodities market. This is one of the reason why the USDCAD has been bullish these period. Crude oil is now showing some signal of strength and the same is for Gold and Silver. The USDCAD has retraced on the previous support between 1.4 and 1.38. It's about to create a good opportunity for a trend continuation trade with a good...
After being stuck at the "D" completion point of a daily Bat pattern completion we've finally seen a break to the upside on this pair. We've not run into higher time frame (HTF) structure and I wouldn't be surprised if we saw some relief in price action. This trade setups offers something for both counter trend and trend continuation traders. For the counter...
This is a bearish TCT setup to get us back in the direction of the overall Bear Trend. This trade is @ Market since we are banging up Resistance. Since we are so close to Resistance this trade gives us a good Risk/Reward. Stops - 1 ATR above last swing high Target #1 - Retest of Previous Lows Target #2 - 1.27% Fib Ext
Here is a Bearish TCT setup on AUDUSD. I'm looking to get back in the direction of the overall trend which is bearish. There is also a POTENTIAL Bull Bat lurking down at the lower levels that we can keep our eye on. I took this @ Market. Stops - 1 ATR above last swing high Target #1 - Retest of Previous Lows Target #2 - 1.27% Fib Ext. This also lines up with a...
USDCAD has been a frustrating pair for pattern traders, however it has been exceptional for trend following/continuation traders over the past few years. What I'm looking for hear is a move back down to the $1.40-$1.38 level for another buying opportunity. I know, I know, that's a ways away, however because of that prediction it also sets up the opportunity to...
Current trend on 15 M here on EURUSD is still bearish and we can take a potential trend continuation trading opportunity. If price extends higher it could form a Double Top right at structure level - this could be nice opportunity for those of you who are more conservative. If price falls lower then we will have a an advanced pattern - Bullish Cypher, we would...
I'm looking at a potential trend continuations trading opportunity for the next week, here on GBPUSD 15M. I'm looking for the price action to go lower in to potential kill zone - I've narrowed it down with harmonic move and fibs, that aligned right at structure. Whatever method you choose for targets you will get nice r/r - - stops below structure and targets...
USDJPY is still holding its current downtrend on the 60min chart. Until this trend reverses I will continue to sell all rallies. Currently we have a Gartley, ABCD Pattern, and Fib Inversion all lining up in that "Sell Zone" (Purple box). This gives us a CTS score of 8. If the RSI goes Overbought and/or we get Divergence on it, then we could have a score of 9 or...
If price action drops to 0.76013 we will have this bullish bat pattern completed. So putting my buy limit orders now. Hopefully it will be finned by today. I am expecting a reversal to 0.76606 and 0.76966 next.
GBPUSD has been in a heavy downtrend. I'm looking to sell ALL rallies until this trend is broken. As price pushes up into my sell zone I will be looking for Advanced Patterns, Harmonics, etc to help find a good entry. Stops - 1 ATR Above last Swing High Target #1 - Retest of Lows Target #2 - 1.27 Fib Ext of last leg down
USDCAD has been in a MAJOR UPTREND for many months now. We have a Bull Cyhper coming into a lower support level. It has 100+ Pips of Risk so bear this in mind. Entry - Bull Cypher Stops - 1 ATR Below Support Level Target #1 - Retest of Highs Target #2 - 1.27% & 1.618% Fib Extension
EURSEK has arrived at a trend channel top and a resistance level. It looks like it wants to break out, so watch for that. In that case the target would be the next resistance around 9.39. There have been earlier fakeouts, so would give it a day or two closing above the trendline around 9.3. If EURSEK does not break out in the next days then it will probably just...
EURUSD is nearing the completion of wave-(e) of a possible contracting triangle that could mark the end of wave-(2) before the three-of-C breakout. Entry at AB=CD inside of wave-(e) is confluent with the completion of a bullish cypher and may act as a catalyst for the bullish impulse. Long term target is placed at A=C. It is possible that another rebound off...