cadchf is forming a triangle pattern at the end of an impulse. i am expecting some sort of impulse up. how far it will go i will judge by the patternns formed as the bull waves form. could be an official weekly chart breakout or we need a retracement before the rally. on the short term though we could sell this breakout of prices. that my first red arrow...
audusd is almost ready to sell. any price action indicating a sell will be a good trigger around these levels. the move up has been very corrective so i am expecting no further momentum up as the bulls have died down
eur usd is forming some good patterns. with the correct entries we can get in on both breakouts
another chart in my line charts series for easing of the flows of the market. eurusd is breaking out to the upside now after its failed attempt to reach lower prices this morning when it broke out the 15 min triangle. we can expect a good rally up for a good amount of pips from the eur, i will however keep an eye on the movements and retracements for any early...
a line chart doesnt lie when it comes to breakouts, prices either break or they dont which is why i like seeing breakouts with a line chart. we are currently seeing consolidation on usdcad and i am expecting bears to break this trendline and possibly even the channel. if all goes as planned i would like to see prices reach my blue dotted targets. no sl zone is...
this morning i was expecting usdchf to make an impulse move up but after a failure to do so i decided to stay out. now come back and reevaluate whats going on and realize we are at the resistance of a daily channel. we got a nice double top forming. i will go short til blue line target. i believe this is a bigger correctional move to what might be a big breakout....
gbpusd has had a nasty downtrend that finally seems to be coming to an end. i am expecting prices to rally after this breakout. i am expecting the rally to go on to at least my blue dotted lines.
prices seem to be in a flat correctional pattern. waiting for prices to rise to the top of the channel taking any setups to go long but waiting for a good confirmation here as its best not to pick bottoms. the other alternative is an ending diagnal which would mean we see a false breakout to the upside and then one more wave down so thats why have a plan to trade...
apple stocks are putting off a flag so if we breakout to the upside i would look for oportunities to buy
nzdusd is currently in consolidation after brexit. Friday close a huge pinbar and with the impulse up its been having I wouldn't be surprised if prices continue to rise. we are bouncing off the weekly channel support and breaking through the daily channel resistance. price did a strong break of the daily channel and had a strong retest but Friday ended off as a...
simple/ usdjpy giving us a good indication to look for longs
gold has reached its peak looking for a drop of 20,000 points
ending diagnal with its respective wave count. double bottom formed on the 1hr. going lond
we have a great oportunity to short eurjpy for another push of prices by the bears. we have divergence for a triple top expanding triangle giving us a key indication. if we manage to find resisance in this midpoint of the expanding triangle we have a high probability prices will go down from here. possible gap at open as well. blue dotted lines are levels i would target.
having some resistsance in .9975. waiting for the sell signal
japan has been in a sharp uptrend recently that has all other pairs falling against it. now the japanese index shows us the yen has reached a strong supply zone and the yen is at the top of its daily channel. we can expect the pullback to come in as people realize the yen is overvalued.
ive been looking at nzdusd as it is at the top of a channel on the dailies. going down into lower time frames price action is lining up good for short positions on kiwi dollar. rsi is showing divergence on many time frames and we have an abcd that formed at the end of last week. i expect price action to go bearish on higher timeframes so i am expecting a big drop...
usdmxn is about to do a massive drop for months to come . it is doing a double top shooting star on the monthly time frame and looks like clear rejection on all other time frames.