On the 4 hour time frame oil has been trading in a nice range for about a month. Currently its testing the upper range and this also allows us to draw a new lower range which will lock oil into a corner as you can see. A break of this upper range can be the start of a nice new bullish wave that will see 48 and above. A break of the new lower range will make oil...
Take note that the daily and monthly time frames show similar ranges as this weekly time frame For a while on the SP500 0.13% on the weekly time has been close to the upper range of the big range. Inside this range we can now also draw a smaller range thats is narrowing. The Stoch indicator is also making a nice bearish crosser after last weeks close. The ADX...
Currently the Dollar Index is hard to predict, it can go either way and on neither time frame there's a clear trend. So I have placed the daily and the 4 hour next to each other to see if we can make a prediction. First the daily time frame that will tell the trend for the next week. There's A LOT of room down to the lower range of the bigger channel and some...
Currently USDCAD on the daily time frame is on the bottom of the range with Stoch making a nice bullish crossover. Whats unique about this is that on the 1 hour and 4 hour time frame USDCAD is also exactly at the bottom of the range with the Stoch crossover. So you're having a buy setup on 3!! different time frames. Perfect opportunity to buy this pair. Entry:...
One of the strongest setups are the ones that are being formed by the dual time frame momentum. By using multiple time frames you will be able to create a high probability setup. Key rule is: Large/High time frame for trend and Small/Low time frame for your entry. Personally I mostly I like to hold short term positions, so I use the daily time frame for the trend...
Currently on the daily time frame for oil the price has broken trough a support and there are only 2 more support levels ahead of us. You can also see that oil is about to complete its 5th wave. So very soon we should see a nice reversal that will indicate a new bull trend. Since a reversal is ahead of us selling can be a bit tricky, but if you like you can try to...
EURUSD on the faily time frame is showing a bullish breakout. Besides that the Stoch Rsi has almost made a bullish crossover and on the ADX we see a bullish claw (red line spark bend down, green line sharp bend up) which is an early bullish reversal sign. Buy with a target of at least 1.1240. a nice place for a stop would be at 1.1090
EURCAD on the daily time frame has broken through the upper range and Stoch has just made the bullish crossover. When looking at the 4 hour time frame you see that on that time frame the Stoch is already showing a lot of buying pressure. ADX is still to make this crossover, but that one is always a bit slow, need about 3-4 green candles to make the green line go...
On the 4 hour time frame GbpAud is setting up for a nice flush down. When you look at the daily time frame you see this correspondents with the downward channel there that just bounced off from the upper range. Making it not only very likely that the 4 hour will move down but also that it will break the support (red line) Entry: cmp SL: 1.6840 TP: 1.6660 > 1.6470
On the daily time frame we have a very nice setup that can go either way. Ranges are narrowing very well, now we wait for a break of one of those ranges. So just be patient the next days and wait till a daily candle close will break one of the sides. Now we this happen I also check on the 4 hour time frame if it shows in the same direction as the daily for a dual...
USDCHF on the daily time frame is forming a beautifull buy setup. As we speak the 4 hour time frame shows a similar setup. The trading range is narrowing and today the price already spiked above it. Stoch Rsi shows a nice bullish cross-over and at ADX we can see a sharp bend down of the red line and a sharp bend up of the green line which is usual a reversal sign,...
As you can see oil has got out of sync with the trading range, as you can see it happened 2 times before in this range and both time it was a reversal signal. Now we have the same situation again and also the price is nearing a nice support. ADX red line slowly starts to fade with green going up slightly and Stoch is close to a bullish cross over. So indicators...
Gold shows a nice bullish wedge on the 1 hour time frame and it's currently already trading out of it. Gold Buy around 1255 TP 1266 > 1278 Stop 1245
EURNZD has been in a downward channel for a while now. Currently its very close to either reverse in a nice wave back up or a smaller correction wave up. Both scenarios can make nice pips and in the best case of a reversal we can see a possible 550 pips. Also the price is touching a nice support zone right now. Please Note however that due to the huge swings in...
*please take note that a few hours from now there will be NZD news. This news has potential to cause a breakout. So be careful with taking a position before the news. NZDJPY on the daily time frame shows on interesting setup that can either way. A break of the resistance will cause a nice move further up. However if it bounced back and breaks the lower range a...
At the daily time frame of NZDUSD the price has reached the orange upper range with is intact now for a long time. When drawing ranges (ligh blue) from the current wave we see there the range isnt narrowing but we also notice that the candles arent touching the upper and lower range anymore. This means that a possible new range (red) has formed. This range is...
When looking at the daily time frame we see that there's a nice narrowing range, when the price breaks out of it we can see a 3rd Elliot wave. The 3rd wave is known for breaking the high of the 1st wave. Which is at 114.26. Stock Rsi made a nice bullish crossover but the ADX isnt convincing yet. A buy entry might be a bit to early, but when the lower range...
GBPJPY is showing a nice buy setup on the 4 hour time frame and its also forming a cool bullish wedge on the daily time frame. You can see that its has been trading nicely in its range now and is now inside that range also forming a bullish wedge from which its about to break-out.