Ive been waiting for this EURNZD pair to get to this level for a bit now. Being at the bottom of the trend line of the daily pattern EURNZD is now in an area it will have to make a decision. I will watch and mind any gaps upon the open and try to find a place to get long. I will also be watching for an overthrow which would help my position, or a fall through and...
This is a classic wedge retest on a daily timeframe, retest and candle hat did the retest are both fantastic. Depending on the opening price action I will look for another short opportunity.
I normally dont like trading the zar because its such chaos, but I will pay extra close attention to this large daily correction that is happening. If we can get a breakout and possible retest on the top side of the trend line I think we could grab lots of pips on the trade. Will keep updated.
The longer term charts of the usdcad look corrective to me. I think this will wiggle around and maybe find rejection off one of the fib lines, otherwise I will just sit around and wait till it makes a break of the trend line somewhere before I make my short.
On the weekly the Audusd has a couple possibilities playing out. Two of them I am paying attention to now are a triangle or possible inverse. Regardless of what plays out, wait for some type of confirmation before entering. Will keep the idea updated.
Even though recent action has been bearish I am still looking at a bullish case for the pair. I really like this recent bounce off the previous neckline and current candle printed on the 4 hour, in my opinion this is a great chance for a long with wonderful R to R having a stop with a little breathing room under the 4hr candle. I think if anything we can at least...
This is a good set up for EURUSD, be careful of the overthrow this pattern loves overthrowing the trendline for a strong move back.
Ill be watching this 4 hour chart of the EURTRY closely as it approaches the upper trend line of this channel. Upon a break we should see a nice up move to rack up some nice pips.
To prevent confusion and people entering to earlier I will have all charts remain neutral until I am triggered in or enter manually. This possible AUDCAD head and shoulder forming on a large time frame is something to be weary of. It could mean some nice pips in the future if plays out. Entry would be a break of the trend line and a retest of the underneath side
I posted a little bit ago i was looking for a short on the GJ correction but it never happened so I ignored the set up and looked for more. I think this is another shot at it as we have a ncie fib line here and trend line just above that. Would just like to see a move halfway to the full downside of the pattern. Ill be happy with a couple of hundred. Again because...
My indicator is telling me i can long targeting the rectangle on my chart. If it slides down some pips i will average my position, and i will update if that happens.
On the weekly chart gold printed a pretty decent bullish candle but more importantly printed that candle bouncing off the previous high. I really like this type of price action and expect a move up and trend line break eventually. Due to the candle price action I have already taken a long with a stop below the pattern, but for the more conservative trade you...
Very clearly a corrective pattern still in play on the EURAUD. I am hoping this new week beings my anticipated push upwards however as usual during the open will mind the gap and watch price action for a good entry point.
Been watching wedges within a larger wedge for over a week. I think that now AudNZD has found a proper supply and demand zone we should see a breakout to the upside. As always will watch the opening gaps and price action for a proper entry point.
Definitely a chart worth watching for a bit. We have quite the crossroads coming up. On one hand we are sitting in a nice SD area which could push us up through the descending trendline and towards many bullish pips. On the other we have a triangle type formation forming which could signal more downside. I prefer to the upside but will continue to analyze and...
I longed the Eurjpy awhile back and it basically hasn't done a thing. I had a request to re analyze the chart so this is my current outlook on the pair. I am still long this pair until the stop at the red line is hit. My first target would be the obvious descending trend line. 2nd would be the SD listed level and finally the 3rd will be the top triangle. Im...
Im reposting this chart, because for some reason I was unable to update my last GBPJPY chart which is imperative to keep people up to date. Simple wedge, hovering around the 38.2, I took on short on the overthrow but have closed it out and am now waiting to see if we get a break where I will resume shorting for another fall.
EurUSD will make around a 50 pip up move from here. I imagine it will happen today sometime, it coudl possibly make a small move down before the push, but Id like to see equality before it makes any significant move anywhere. Im long for the rectangle