Alot to explain in this simple chart,
In a bullish channel, looking to re-test the lows and the trading range highs at the retracement 61.8% and the final correction for the 05 pattern,
The threat comes from the bearish butterfly which will activate its bad face if we break the low of the channel 1.5550 to ...
It looks very bearish on the hourly time frame, however, we are at the major channel low and at two measured-move compilation (small and big black arrows)
Buying this pair is considered a counter trend, however, looking to the daily time frame we are at a major support and the low of a Major bigger ...
The pair is bullish now at a major bullish channel low Stop loss is the low of today 1.5532
Targeting the previous high at 1.5929, for a swing trader, the target still at 1.6277 to 1.6423
Breaking the major bull channel low, would confirm the target of the undershoot of that channel so bulls should ...
Opened at a huge gap down, at a support 1.0972
Buying this low is aggressive as we are buying at a bearish channel and consider to be a counter trend,
The best opportunity occurs when EURUSD closes the gap at 1.1111 and re-test the bear channel high and the target is at the channel lows at 1.0827 to ...
After breaking the Major Bull channel low, and the Wedge,
Looking to sell opportunity at the test of the wedge which will close the opening gap (hopefully)
Target is 1.0850 then 1.0750
Selling at this level is very aggressive as you are selling the lows with a huge gap above,
Wait for a decent ...
USD CAD, opened with a bull gab at 1.2596, looking for a buying opportunity at the minor bear channel low at 1.25 area which matches a major bull channel low
Another aggressive buying area is a t the gab close 1.2560, which is the low of a minor bullish channel, the problem with this minor bullish channel is that ...
On the daily time frame, the pair is bullish, looking for a buying opportunity targeting 1.2775 - 1.2740
We are at the middle of a bullish channel, the best buy signal on the daily time frame should triggered around the 1.24 area
Selling the pair is counter trend trade
In the hourly time frame, GBPUSD is in a strong bearish bios, looking for a retracement to 1.5690 to 1.5720
Selling this low is aggressive, also buying this low is aggressive
Bears, wait for a retracement to 1.5690 - 1.5720, look for buyers to try to make higher high and fail then short
The pair still on a long term bullish bias, however, we have a short term bearish sentiment in a minor bearish channel The Goal for short term channel is to test the channel lows at 1.5350.
Bears, wait for a retracement to 1.5710 - 1.5690, look for buyers to try and failed
Target 1/ 1.5588, Target2/ ...
AUDUSD has created a well defined Inverted Head & Shoulder pattern, looking for target at 0.7750
A longer term bearish channel with an overshoot at the lows supported this view to break the bear channel at the highs before trying to visit the low of the channel again
EUR/USD in a trading range in the hourly time frame at the high of the range
If you are bullish, wait for buying at the low of the range or wait for a breakout pullback
If you are bearish, wait for the buyers to try to take it to the top of the range and failed.
GBPUSD breaks through a Thomas Demark Resistance trend targeting MAXIMUM 1.57 area..
The MINIMUM target for Thomas Demark as around 1.5450, around the current area, and we have a Gartely Pattern to be completed any time around 1.5450 as well.
In addition, a resistance structure between 1.5450 and 1.56 ...
As I expected 3 days ago at the idea:
EUR/USD Made the double bottom and rallied to 1.1420 levels and can move higher up to 1.1475.
The pair from my point of you retraced 61.8% after the double Top and it is an opportunity to short under @Jason_Stapleton 2618 strategy.
Short Term view - Bearish might retest the broken trend where a suggested area to short
Complete the Butterfly pattern match almost exactly the target for TD (Thomas Demark) trend.
Which is the exact low from where it might show another support area.
The Butterfly pattern is a bullish one, target after ...