Wedge formation can be seen on weekly and daily. Not full enough for the breakout yet, but have to wait and see what price does for now. In the meantime, the wedge may not even be broken this week. Currently, waiting for breakout or rejection of overall trendline. BEAR TPS: If overall trendline respected... 83.598 83.383 83.078 82.753 Must break...
A bearish harmonic is still being completed before price does a retracement back down off weekly support/resistance area around 112.125. Looking for price to go as far down as the trendline for bounce up for continuation. But if price breaks the trendline, it will fully respect the bearish harmonic and will possibly make its way down to the previous weekly SR...
Currently, price has the option of supporting or breaking through the counter trendline to determine which daily SR level it will go to. The overall move on the chart is bearish, but do not know how much longer this flag will go. BEAR TPS/b] 0.74605 0.74422 if the counter TR is broken 0.74220 0.73982 BULL TPS: 0.74932 0.75180 0.75267
Since in a 4hr resistance zone, Awaiting the pullback sine price got exhausted around this area last week. Then a continuation back up around mid-week. BEAR TPS: 111.498 111.055 BULL TPS: All dependent on where price turns around target TP:0112.125 112.054 111.732 111.393
This one is a wait game. A breakout is coming soon for this pair. Adjusting TPs accordingly. Won't have a further reading until this is complete. BULL TPS: 1314.50 1323.53 BEAR TPs: 1290.75 1282.70 1276.73
Waiting for breakout and restest of wedge right now for buy. BULL TPS: 146.198 146.741 Has to breakthrough monthly before I consider any more bullish TPS. Bearish TPs will be posted once if it turnsaround
Price may make a run up to the monthly before changing direction. Have to wait and see. BULL TPS: 82.239 82.488 82.753 If price decided to continue down... BEAR TPS: 81.464
It's soooo ugly, but it is genuinely there. Preparing for a buy with USDJPY unless something can keep it from going up for the week. It's oversold on the RSI anyway. Prepare for a nice ride up. BULL TPS: 110.273 110.579 110.964 BEAR TPS just incase of any reversals for the week: 109.417 109.116 108.994
Gold's flag is almost complete touching the previous lower low before coming down to bottom of the wedge and trying again to retest it's last highest point. But the bearish engulfing candle and doji before it is signaling we're getting ready to continue the downtrend. BEAR TPS: 1311.11 1304.17 1298.86 Because you are NOT suppose to marry a direction...
BREXIT couldn't seem to breakthrough the daily zone around 1.77674. But it's getting another chance this week since the BREXIT vote happens again on Tuesday March 19th. For now, watching to see what price will do at this level. I honestly believe rejection for now until the vote. But here are the TPs when price makes a decision: BULL TPs: 1.79672 1.80943 BEAR...
My analysis for gold has not changed. The current uptick just retested a previous resistance level and looks like it will do a contuation to the downside. I will not go for the bull run until it breaks my trendline to determine so. Target swing trade TP is still 1165.77 until price movement dictates otherwise. BEAR...
Looking for retest of previous major resistance before continuing down to the 2nd trendline after break and retest of the first one. Want to see can it make it far down to the 3rd trendline or will it stop at a certain point and continue its uptrend? BEAR TPs: 1.72702 1.71754 1.70753 1.69734 BULL TPs: 1.74666 1.74983 1.76201
I really can't wait to get out of this zone. Bullish trendline is still respected to showing signs we're going up. Waiting to see if countertrend will still be respected for continuation or rejected for a bigger setup further down. Just have to wait and see. BULL TPs: If bounces off overall trendline - 1.59428 1.59880 1.60369 1.61046 BEAR TPs: 1.58922 1.58297
Since we have been in an ascending triangle for quite some time, think we're finally reaching the end of it's formation. Possible breakout this week or next week. So TPs are already determined whichever way it chooses: BULL TPs: 111.948 112.88 113.470 BEAR TPs: 110.363 109.879 109.088 108.434
Currently price is consolidating getting ready for the next breakout move. Retracement back to the monthly may occur at 1.50436 before continuing uptrend to next weekly SR zone at 1.52936 or the daily SR zone below it at 1.53889. On the weekly chart to this, there is a bullish engulfing candle that overtaken two previous candles. They are currently being retested...
USDJPY is in a multi-day range, which means that the breakout will last for several days as well. All JPY pairs have been bullish for a moment. Bouncing against trendline several times, so a breakout is due this week. But which direction? News for USD will move this chart fully beginning Tuesday's New York session. So not trading this until Tuesday morning. (I'm...
CADJPY has not been shy with its bullish direction. Currently, the price is ranging until it creates the next breakout move. 61.8% fib (now removed) is near 84.889 daily SR level. So waiting to see what price will do if it can reach there, or the weekly SR at 85.691. For now: BULL TPs: 84.345 84.589 max tp 85.691 BEAR TPs: 83.907 83.669
Have multiple confirmations for the swing sell to the downside: Evening star formation has been created on the daily with a retest of SR level for the continuation down. If you zoom out, you will see a giant teacup formation on the daily, confirming that the handle is beginning to be made. If price decides to temporarily bounce up, looking for second...