JoeHayes

JoeHayes

www.newtraderu.com Reference link for data points matching a clear Wyckoff Accumulation occurring in the wheat market (WEAT). This would spell for some much higher food costs in the coming years. Fits narratives of inflation worries in the coming months/years.

JoeHayes

A descending triangle formed on HUN's hourly time frame. Looking for break lower as the weekly and daily charts are both bearish based on price trading below 50/200 MAs.

JoeHayes

Expecting a double top on double divergence leading to an "M" pattern taking oil back to missed monthly pivot. Saudis have indicated that their crude production will increase substantially come August, and it will be not by the "hundreds of thousands, not tens of thousands, of barrels.(1)" 1.) Reed, Stanley, "Saudis, Saying They Heard Price Complaints, Are...

JoeHayes

EURUSD has put in a double bottom on the daily and is showing clear divergence on the RSI. The missed Monthly pivot level makes for the added directional bias to the long side and a sensible price target. Price confirmation off the double bottom gives an earlier entry than waiting for a w pattern and with much a better R:R assuming stops are below the lows.

JoeHayes

Potential W pattern setting up a long entry to an untouched Weekly Pivot on AUDUSD to 7500's. Both the Mac-d and RSI giving added confirmation with divergences.

JoeHayes

Expecting USDJPY to break to the downside after a pin bar formed after penetrating the broken trendline. This is coming off multiple divergence on the MACD and this most recent top also has RSI divergence to confirm. Some might wait for an M pattern to form and adjust position size and targets but the pin bar offers an opportunity to maximize risk reward for this trade.

JoeHayes

Rising Wedge Pattern seen on DJI with MACD divergence. Expecting break to downside.

JoeHayes

Double Divergence seen on RSI along with price confirmation of SO's most recent bottom. A "W" pattern is also setting up with a break above $45 further solidifying the opportunity for a low risk positional trade when taking the stated yield % into account. Pin bar seen on Heavy volume, and the most recent double bottom also coming on good volume.

JoeHayes

CHK experiencing multiple divergences on both MAC-D and RSI at a great area of support for the stock. After a solid close on Monday, I am expecting a retest of previous swing highs.

JoeHayes

Looks to be evidence of a channel change unfolding on AUDCHF. This level happens to be a 50% Fib retracement on Daily chart at support level. Multiple divergence confirms price action, and a W pattern seems to be setting up a long opportunity to test the top of the "new channel" with stops below.

JoeHayes

Potential Cypher Pattern setting up on USDCAD 1H. Look to buy .786 of XC Leg with targets at levels .382/.618 of C point high to point D.

JoeHayes

Bat pattern set up long for EURJPY. Profit target is B point. 161.8 extension lines up cleanly for this pattern to be validated.

JoeHayes

Cypher pattern setup to get short GBPCHF. Currently trading above .786 of XC points. Target .382 of the C point low to point D.

JoeHayes

Possible Bat Pattern lining up with major resistance on USDJPY. Due to resistance level - it may behoove one to get in front of the .886 slightly depending on trade management methodology.

JoeHayes

GBPJPY possibly setting up .786 levels of both a Gartley and Cypher pattern to be traded from same X point.

JoeHayes

Ascending Triangle pattern on 1H Chart. NZD/USD and USD/JPY both in immediate term uptrends on their 1H timeframes as well which should provide minimal pressure from bears to hinder NZD/JPY from going higher should the pattern provide a buy signal with a break above most recent highs. Measured move for profit target comes in very cleanly at next resistance level.

JoeHayes

A close below the neckline on a Daily Head and Shoulders pattern should take EURUSD down to next support level <1.1400. Head came on strong MAC-D divergence. Weekly Chart's momentum also trading in bottom range of bollinger bands and a .382 Fib retracement from that chart's most recent leg higher would fall right at the 1.1400 level as well.

JoeHayes

Strong bearish divergence shown on both mac-d and rsi.