Watch for one these two possibilities to unfold as we transition into the 2018 trading year.
Wait to see if price will reach the top of our descending channel again to enter short on this pair.
In the 2018 trading year I will be looking for both of these pairs to fall short.
GBPCHF is longer term bearish and price is currently forming a reversal pattern. At the moment I am looking for another move to the upside to further complete this reversal pattern.
I am expecting for price to resume its uptrend after the current corrective pattern is broken to the upside.
I am watching for a short trade coming on GBPAUD. From the top it seems we have received a nice reaction to the top trendline of the pattern. Watch it closely.
Here price is forming a continuation pattern. If we see a strong break to the downside look for sell positions.
Keep selling until the we reach the bottom of the pattern.
Here is the bigger picture for EURCAD. Wait for another leg down in the descending channel and look for opportunities to go long.
Wait for price to push just a bit lower before considering to enter long.
Price has found itself at the bottom of the bigger pattern and I am expecting a breakup out of the falling wedge. Look to go long soon. Good luck
EURJPY is ready for buys. Look to get in after a continuation pattern if you aren't already in.
Watch the top for a very nice short trade coming up.
Wait for the continuation pattern to form then look for shorts.
Here we have a potential reversal zone for Palladium. We have a couple of indications: MACD and RSI at oversold conditions as well as noticeable divergence on both. Good luck everyone.
Price is ranging within our pattern. When we see a break get ready to sell.
I am anticipating a flat channel formation here on this pair. Watch price as it reaches the bottom to see what reaction it gives us.
Price has broken out of the descending channel so look to buy at the bottom of the continuation pattern to continue long with price.