Forexian

Forexian Updated 

GBPJPY is squeezing up there and getting ready for a pullback (at least) This is an aggrassive / early sell setup, be careful and wait for a clear break in 1H chart

Forexian Updated 

It has broken the line wait for a small correction for sell

Forexian Updated 

Seems US Oil has completed its 5th wave of down move and is getting ready for either UP move or Deep pull-back. It broke the local trend line and is making a nice flag on the line... Check out 2 related ideas at the bottom too Fundamentals that are supporting the idea: 1. Discussion about oil output cut at OPEC 2. Iran Oil sanction 3. A decrease in Crude Oil...

Forexian Updated 

IF my wave count is correct, US Oil has not completed the 5 wave structure yet. Last night had an impulse up; but didn't do the job to convince that the direction has changed. IF tonight's Inventory numbers pushed the price lower, I assume that we are going to complete the 5th wave before any correction or even continuing the bullish trend.

Forexian

EURUSD broke the trend line sharply, it could start the uptrend, BUT there is a Strong possibility that the whole structure becomes a running flag and it goes down again (same as GBPUSD check the link below), especially looking at EURGBP chart that is showing a long-term downside and DXY idea (check the ideas at link below)

Forexian

GBPUSD broke the trend line sharply, base on the previous idea (check the link below) it could start the uptrend, but there is a possibility that the whole structure becomes a running flag and it goes down again

Forexian

USD Index broke the line after breaking the previous top, to take a sell have to wait for a flag for confirmation.

Forexian Updated 

Early buy for possible longer term up move

Forexian Updated 

Please check-out my shared idea on Daily chart (link below) for more info...

Forexian Updated 

US Oil broke the trend line and seems is consolidating for another drop to test the previous lows Comparing the start of down move and the chart pattern with S&P 500 is interesting:

Forexian Updated 

S&P 500 is in the way to the weekly trend line, comparison with US Oil chart which broke the trend line and is in the way to test or break the previous lows, suggests that S&P500 will go further down too. On the other hand, there are possibilities: 1. Oil will bounce back without testing the lows and S&P goes for a long correction. 2. S&P starts consolidating on...

Forexian

From the pattern taking shape on EUR/GBP seems there will be an up move on GBP soon. If so, it is better to wait for an impulse UP and then small correction before any buy

Forexian

The pattern taking shape here on EUR/GBP and the ABC correction pattern on GBPUSD suggest that there will be an up move on GBP soon, so there is an opportunity to buy Pound here (and sell EUR) or either on GBPUSD. So we can sell from here BUT with a very tight stop loss, or wait for a break out and a flag for safer entry

Forexian

NZDJPY did a deep pullback and it just broke the trend line strongly (1H). Wait for a flag for confirmation to find a BUY setup. This trade has potential for longer term.

Forexian Updated 

Swissie USDCHF rallied to the Weekly trend line (almost), I'm expecting a deep pull back on this pair at least to 61.8% of the latest wave, waiting for break out and flag for SELL confirmation

Forexian Updated 

It seems we were in a big correction structure (shown with dashed lines) and from here we can expect at least a pull back to 38.2% of recent up move or even deeper, it depends to the shape of pull back. (check the 4h chart too for finding possible entry point)

Forexian Updated 

After breaking the line and a flag/correction formation can go for BUY

Forexian Updated 

GBPCHF broke the line and now is forming a flag/correction, the flag is already reached to 61.8% We can place a "sell stop" under the small line to catch the breakdown