848evo

848evo

EURGBP has made a clear break of the rising TL and looks to be making it's way down to the 61.8 fib level that also coincides with a support line. I'm in short and will hold until TP is reached or PA breaks falling TL. Thanks for viewing my analysis! Please hit the LIKE button if you agree and FOLLOW me for more analysis!

848evo

AUDUSD is playing against the upper resistance level which also happens to be the 38.2 fib level, if PA can break this level and close above it, we could see a nice up move. You can choose to take conservative profits at the next resistance line or stay in the trade further if PA can break the falling TL. Thanks for viewing my analysis! Please hit the LIKE button...

848evo

GBPJPY has just re-tested and bounced off a prior resistance level, if PA can break through the resistance level, we could see PA continue up to the upper resistance level as long as it stays above the rising TL. Thanks for viewing my analysis! Please hit the LIKE button if you agree and FOLLOW me for more analysis!

848evo

After some tight action last week EURUSD broke through the riding TL, but without my conviction, and now it seems PA has broken the down channel and is in a range, I'm still looking for a move up, but will wait and see the breakout of the range box. Thanks for viewing my analysis! Please hit the LIKE button if you agree and FOLLOW me for more analysis!

848evo

EURGBP tried an inside breakout of a triangle pattern last week but it seems the upper resistance line was too much to hold, after a quick break above it (my MT4 charts don't show a bar closing above the resistance line like this chart does) PA reversed quickly and now looks to be making a possible breakout of the riding TL. Will wait and see, but possible trade...

848evo

EURJPY may possibly be setting up for a gartley formation, if PA breaks the upper point A resistance line, I'd expect price to continue going up the same height as the broken wedge formation, but if price reverses below the prior support level, we could see the completion of a gartley formation to the downside with a TP just below the lower support level. Thanks...

848evo

EURJPY is trying very hard to break the upper wedge, but it is hitting a major resistance point on the D1 chart (not shown here but it's right at that swing high line). If it can break the resistance, we could see a nice push up. I'm maintaining a LONG sentiment, but will wait and see before opening a trade. Thanks for viewing my analysis! Please hit the LIKE...

848evo

There has been a gartley pattern formation on the AUDUSD, it's not necessarily a guaranteed reversal signal, but the reversal up bar triggered my BE+5 SL and I am out of the previous trade.I will try to re-enter short if PA can break the prior swing low. Waiting to see... Thanks for viewing my analysis! Please hit the LIKE button if you agree and FOLLOW me for...

848evo

We could potentially have a H&S pattern forming over the next few weeks for USOIL. If PA can break the $39 level, then we could see a push to the $36 level before a bounce back up and then eventually crashing down hard. Just an idea for thought. Thanks for viewing my analysis! Please hit the LIKE button if you agree and FOLLOW me for more analysis!

848evo Updated 

USDJPY pushed through the falling TL and prior swing resistance level, we could be looking for it to make its way up to test the 200 SMA before falling back down. Still in the trade SHORT and will continue to see what happens. Will be moving SL to a bit above the 200 SMA / 78.6 fib level as PA plays out. Thanks for viewing my analysis! Please hit the LIKE button...

848evo

USDCAD is really testing the upper channel, which also happens to coincide with the 61.8 fib level as well as the falling TL. If PA is able to make a clear break above that heavy resistance area, then we should see a push to around 1.34 zone. Especially with all bearish news recently about oil and no real bullish news, oil is expected to drop and we should see...

848evo Updated 

Looks like GBPJPY is starting to make a break to the downside after retesting a prior support line. The H&S formation has been completed and looking for a move to the downside to test the lower support at 154.69 and if it breaks that, then expecting further downside movement toward the target area on the D1 chart from the flagpole pattern. Thanks for viewing my...

848evo

EURUSD had a sharp and quick rebound off the 61.8 fib level, but not enough to break the upper channel. I'm still waiting for a long opportunity because as you can see even if PA breaks to the downside, there isn't a lot of room for it to go before hitting a major support area. We also see an inverted hammer followed by an engulfing candle signaling more upside...

848evo

AUDUSD has broken the lower channel and also retested the channel as well, looking for further movement down. If PA breaks the previous low, I will enter with an initial SL a few pips above the resistance line and looking to take profit near the lower support line for a RR of 2.15. Make sure to wait until PA breaks the 61.8 fib retracement before entering the...

848evo

USDCAD had a hard push to the upside mainly due to crude oil inventory news. It decisively pushed through both upper resistance levels with no retest of either. PA did not go down far enough to activate our trade, but I believe the trade is still valid is PA can break below 1.302. Will wait and see what happens. Staying neutral for now but with a sell stop still...

848evo

Looks like GBPUSD had a bear push to the downside breaking the rising TL and invalidating the previous trade setup. For those that went short, I would wait for a pullback to retest the TL and exit the trade for a few pips profit. For now, waiting to see if PA can push past the current support level and also looking for a retest of the TL before determining...

848evo

Looks like EURUSD has moved further down in recent light of the news on oil inventory. It has formed a nice channel though and we should look for a breakout in either direction of the channel to determine trade direction. Waiting for official US oil inventory report at 10:30 am and we should then see some action. Thanks for viewing my analysis! Please hit the...

848evo

Looks like PA on EURJPY has started to breakout to the upside, if it can break through a few resistance lines then we may see a big push to the upside. For now I am staying neutral and awaiting further movement to the upside. Thanks for viewing my analysis! Please hit the LIKE button if you agree and FOLLOW me for more analysis! Update status