DocWonmug

DocWonmug Updated 

I don’t have a lot of love for the Kiwi, and the current PA looks wishy washy. But there are breaks in the RSI and PA trendlines, and the PA got close to the bottom of the channel. I wouldn’t look for a TP above the centerline of the channel for right now. I would sit tight and make sure the PA stays above its trendline before entering – the 15M chart looks suspicious.

DocWonmug Updated 

Possible but not confirmed break in the UT (since 30 July 2019) on 16 Dec 2019. To confirm the break we would see a new LL. Current observations are a break in the RSI trend accompanied by a formation of a failure swing. Looking to see a break in the PA trendline as a trigger to enter the short trade – if it happens this would break both dynamic support (in blue)...

DocWonmug Updated 

This has been in an UT since 29 Nov 2019. Probable new HL at an important SR line (26 April 2019, 23 May 2019, 13 Sept 2019). Looking for a trigger of RSI break above the trendline. For a TP, I’ll be looking for a rise to the dynamic resistance trendline. We may see a retest of the HL before the rise occurs.

DocWonmug Updated 

There is a 4H DT since 16 Oct 2019. It has repeated an ABCD pattern for 4 cycles. It is possible it will repeat again starting at the possible current LL. The RSI and PA have already broken their trendlines. The repeat of the ABCD pattern also tops out near a 1D dynamic resistance trendline. I plan to watch the 15M chart at market open to see if it starts back...

DocWonmug Updated 

We have been in a UT channel since 25 Oct 2019 as seen on the 4H chart. We have a recent bottom breakout which could signal a change from the UT in the longer term. Considering the 4H chart though, there are good RSI and PA breaks in the trendlines and a possible new HL. The RSI break is accompanied with a bullish swing failure – there is some difference of...

DocWonmug

A counter-trend trade is shaping up. We’ve been in a 4H DT since 16 Oct 2019 at about 96% regression. We are just about at the bottom of the channel. If the PA respects that dynamic support it will form a new LL and give us an opportunity for a counter-trend trade. My trigger will be a break in the RSI trendline, and if I can remain patient a break in the PA trendline.

DocWonmug Updated 

There has been a DT channel with 96% regression fit since 12 Aug 2019. Although it happened once before in this channel (8 Oct 2019), it looks like a solid breakout of the upper side of the channel. Also saw test and support at the SR 0.84906. Based on this I will be looking for a shift to an UT. Here it is on the 1D where you can see the whole channel.

DocWonmug Updated 

A probable LH may be forming. The end of the continuation of the ABCD pattern is pretty consistent with two previous lows. If we see a break in the RSI trend, I will be looking to enter a trade. Looking at all the recent candles this pair is pretty jumpy so I might opt for a smaller risk than 2%.

DocWonmug

We are in an UT that can be seen on the 1D. The recent HH has formed just above a major trendline and a new probable HL looks to have formed. I am waiting for the retest of that HL and a break in the PA trendline. However, also seen on the 1D chart is a break in the RSI trendline (shown in black). When that is put in the context of the recent test of the major...

DocWonmug

I’m not going to enter a trade since I think I would be getting in too late. But I do want to look at how loose should a SL be? I’m doing this because with my trades it seems common to get stopped out before the trade goes per the analysis. Looking back at the RSI cross I would have been tempted to enter a trade as marked. Allowing for the small retracement from...

DocWonmug Updated 

There is an UT channel since 26 Aug 2019 better seen on the 1D chart. The PA is retesting the last HH in that channel. I’ll be looking for a break in the RSI and PA trendlines. Alternately, it could break the SR and complete the rise to the top of the channel.

DocWonmug

Got to show two views on this one including the 1W which I usually don’t use much. But that is the only way this makes much sense. And the trade will be on the 1D chart, which I also usually do not do. There has been a DT channel at 92% regression on the 1W since 26 Mar 2018. Inside that better seen on the 1D is an UT channel The PA is testing the 1W channel in...

DocWonmug

We’ve been in a 4H UT since 4 Oct 2019. We are at a 78.6% completion of an ABCD pattern marked in green. We may or may not get a further increase in the PA to get to the 100% level. Either way, I will be looking for breaks in the RSI and PA trendlines. The HH as marked is tentative pending the full completion of the ABCD pattern. Also of note, the start of the 4H...

DocWonmug Updated 

Several interesting things about this opportunity. * Looking back just a bit from 7 Nov 2019 up to the current probable HH, we can see the completion (about 90%) of the ABCD pattern in green. * The RSI just broke its trendline in support of this being the correct HH. * The Fib retracement is showing good agreement between the SR line and the 61.8 Fib level for a...

DocWonmug Updated 

I don’t usually do much analysis at the 1W level, but this one is pretty striking. We are near the top of an apparent trendline that started back on 1 Oct 2018. We are close to the third touch to this line. I think on the 1W level, we can expect a downturn. Shifting to the 1D, I had been tracking an UT since 26 Aug 2019. PA has now dipped below the bottom of...

DocWonmug Updated 

There is an 89% regression channel with poor completed touches on the bottom but very regular swings. A good RtR of over 2:1 is available only looking for a TP at the centerline of the channel Here is shot of the whole channel.

DocWonmug Updated 

We’ve had a brief 4H UT since 24 Nov 2019. Right now it is retesting a major resistance level and has formed a tweezer top. I’ll be looking for a break downward in the RSI across its trendline for a possible short entry.

DocWonmug Updated 

We have been in a confirmed channel since 3 Sept 2019 with 3 bottom and 2 top touches. Currently climbing from the bottom of the channel with a classic flag pennant that is stalled just below the centerline of the channel. Looking for an upside breakout and a rise to the top of the channel. Hopefully the RSI will give us some love by breaking the...