848evo

848evo

EURGBP has broken the upper TL and first resistance level. Waiting for PA to break above the strong upper resistance level before entering the trade. Good RR ratio, will wait and see. Thanks for viewing my analysis! Please hit the LIKE button if you agree and FOLLOW me for more analysis!

848evo

It looks like AUDUSD had broken out of the flag pattern from my previous analysis and gone up a bit just to come back down to retest the rising TL. It is currently experiencing a lot of resistance with the 50 SMA, rising TL, and near lower channel. As long as PA doesn't break 0.7545 I still expect a bullish move. If PA breaks that support level, then we will wait...

848evo

It seems GBPJPY has also formed a H&S formation on the H4 chart to further confirm my trade analysis on the D1 chart I posted earlier for a potential downward move. Thanks for viewing my analysis! Please hit the LIKE button if you agree and FOLLOW me for more analysis!

848evo

EURGBP is tesing the upper TL of the wedge formation, but there are several layers of resistance so it will need to push through. It is currently at the confluence of the 200 and 50 SMAs, a push past the prior resistance level may be enough to set PA rocketing in the range of 422 pips to the upside. Will wait and see, remaining neutral for now. Thanks for viewing...

848evo

There is a wedge formation forming on EURGBP with about a 138 pip range. It would need a lot of buying pressure to push through the top, but if he can close above .7929, we could see a potential large move upwards. If PA breaks the bottom TL, we will also see a probably drop, but with a few bounces off support levels. I will post updates as the setup progresses....

848evo

I may be calling this a bit early, but I believe we may see a long term H&S pattern. It would make sense economically, let's assume the oil makers meet on Apr 17th, until then, I believe oil will continue to push towards $50 because that's the average break even cost for a lot of producers. So until Apr 17th, we see a nice steady rise, then after the meeting takes...

848evo

PA is about to run into a lot of resistance at the 112.6 level which coincides with the 61.8% retracement of the past swing. I'm expecting it to hit and reverse down, possibly as far as the 109.60 area which would complete the flagpole setup.

848evo

If PA can break the flag channel to the downside before breaking the TL then we could see a huge drop. Still waiting...

848evo

Flag pattern on the D1 chart has broken to the downside with a confirmation bounce off the TL, enter trade now with SL above previous swing high and target the bottom of the pole. Use MM to trail SL.

848evo

PA has formed an upside penant with a bounce off the TL, enter the trade a few pips above swing high and place SL below prior low. Target TP is distance equal to the pole, use MM to trail SL.

848evo

We have a flag pattern forming to the downside, enter the trade after break of the previous lower swing and set SL above the previous high and TP should be around the same length as the pole. Use MM to trail your SL.

848evo

There is a flag pattern forming to the upside that is supported by a rising TL. Enter trade a few pips above previous fractal high bar and set SL to a few pips below previous low or below the TL.

848evo

We have a very nice long reversal trade forming with a low risk but great potential for profit. Set SL below the rising TL and take profit at the upper resistance level. RR of 5.74.

848evo

A weak bullish gartley has formed on the D1 chart, we could be in for a decent bull run up to the 200 SMA.

848evo

Bearish white swan could form on the lower M15 chart, looking for the move up to stop around and reverse around 126.2 after touching the 200 SMA. Then potential reversal and move down to around 125.750 to retest the 50 SMA.

848evo

A bearish cypher pattern has been completed on the H1 chart, expecting a downward movement toward .777 area and the 200 SMA.

848evo

Looks like a bearish butterfly formation with target being around .72550 and the 200 SMA line.

848evo

Looks like a bearish shark formation is heading down, probably expect retracement down to around 34.75 and test the 200 SMA or possibly lower.