UJ is giving us a nice opportunity to sell the retest of a broken head and shoulders neckline. The pair reversed nicely after retracing 50%, and I expect further movement downward. Initial target will be the most recent support. Secondary target will be the 1.272 extension of the bearish impulse leg. Goodluck!
In my previous post I predicted EJ to complete a smaller ABCD pattern, and our target was hit PERFECTLY before reversal. EJ has retraced to the .5 fib of the smaller CD impulse leg, and has continued to move downward. My initial target will be based on previous level of structure + 1.272 extension of the AB impulse leg. My secondary target will be the 1.414...
EURJPY is providing us with a great opportunity to sell the market after a clear break of a rising wedge and reversal from the .382 fibonacci retracement. If the trend continues downward, my target will be the D point, which provides PERFECT confluence with the 1.272 extension of the bearish impulse leg. Keep in mind there is a strong level of support around...
GBPNZD has formed a head and shoulders reversal pattern with a broken neckline to confirm the counter trend trade. I expect the pair to continue down to at least the .382 retracement level, if not further to the .5 retracement level.
The Pound Swiss has almost formed a head and shoulders reversal pattern coupled with clear RSI Divergence If price action continues downward, I will sell the retest of the broken neckline, with my target at the .382 retracement of the impulse leg--a level with structure confluence.
The DXY maintains bullish momentum after finding support at the pink channel support and the .382 retracement of the recent bullish impulse leg. We also have a nice rejection candle, and multiple candle closes above the 97.7 level, signifying a false break of the 97.7 support. I expect the Dollar index to continue upwards and retest the recent highs. Keep in...
On EURUSD we have an opportunity to short the market. Price was rejected at the .618 retracement of the large impulse leg, and the .382 retracement of the recent smaller bearish impulse leg. Along with the rejection at the fib confluence levels, we have rejection from the blue descending resistance line. Price has also broken below a strong structure level at...
At the current moment the Aussie Dollar is presenting us with two conflicting scenarios. Bearish Scenario: After reversing off of the .382 Fib retracement, price may continue downward breaking the .6985 level of support. If this bearish trend continues, I expect price to find support near the 1.272 extension of the bearish impulse leg--a level with strong...
AUDNZD is presenting us with a great opportunity to sell the market. Price recently reversed off of the . 382 retracement of the most recent bearish impulse leg and began its move back downward. This price action has established a nearly completed Head and Shoulders pattern, which provides us with additional opportunities to sell the retest of the broken...
EURJPY has made a reversal off of the .382 fib retracement and I expect the downtrend to continue. Initial target will be the most recent level of support, and secondary target will be the 1.272 extension of the leg.
AUDUSD is offering us a great opportunity to short with an initial target at the most recent support, and a secondary target at the 1.272 extension of the bearish impulse leg. This extension is an especially good secondary target because we have obvious confluence with structure at the .694 level. Goodluck!
EURCHF has reversed nicely between the .382 and .5 fib retracement levels. I expect the pair to continue downward. My initial target will be the most recent level of support, and my secondary target will be the 1.272 extension of the impulse leg.
EURUSD has found a nice level of resistance at the .382 fib level, which shows confluence with structure. My first target will be the most recent support.
On the Ausisie Kiwi we have a nice opportunity to sell the market targeting the .382 fib retracement of the recent bullish leg. This .382 fibonacci level displays significant confluence with the market structure looking left. Price reversed off of the .5 fib retracement of the larger leg (zoom out), and with clear bearish RSI divergence, the market has begun a...
Here we have a great opportunity to short the Euro Swiss. After a clear Double Top and bearish break of an Ascending Support with clear Oversold RSI + Divergence , we can expect the pair to continue its move downward. I will look to sell the retest of the 1.142 level of structure--a level that has nice confluence with the . 382 retracement of the...
EURUSD recently broke out of a rising channel and confirmed the bearish flag pattern. After retracement between the .382 and .618 fib level, I expect the pair to continue downward movement. See my previous idea.
On the Aussie Dollar we have a very clear bearish channel break to the downside. Price reversed off of the .382 fib retracement level and is moving back down. We also have a closed rejection candle on the 4H chart. If price continues downward, my target will be the 1.272 extension of the bearish impulse leg. See my previous post here:
Here we have a possible short setup on EURUSD. I will not open any trade as news is coming in 10 minutes, but we have nice rejection at this structure level