RCP

RCP

Hello traders. Today on FX:EURUSD we have very nice structure based short opportunity, that is double top. We see that price tested the structure resistance and now, if the price retests the structure level @1.1243, but doesn't close above the resistance, we should go short on NBM. Besides there are very good confluences here: Left top is overbought Bearish...

RCP

On FX:NZDUSD we have potential double top setup with the confluence of: 1. bearish divergence 2, RSI overbought 3. resistance 4.weekly R1 Our target will be the next structure support zone (green rectangle) with the confluence of support and the fibs 38.2 retracement. The best target level will be @0.6342, where we have weekly PP; fibs...

RCP

I wake up, did some analyses and found out this perfect opportunity on FX_IDC:USDJMD Completed Bat pattern at the PRZ zone with the confluence of: 1. Fibs 61.8 2. Structure resist 3. Daily R1 We have very nice R/R targets: Target 1 with 1/1.95 RR and Target 2 with 1/3.4 RR. I want to mention that X leg is located in very strong resist zone, which gives us more...

RCP

Dear traders, FX:USDCAD is moving between this big triangle recently, testing the edges. Here is what I think: If price comes to the edge again we should see the bounce and rally up again like it did several times recently. Besides at the edge we have a confluence of strong structure support (look left) and fibs 78.6. We have 2 potential targets, 1 @1.3250 and...

RCP

On FX:EURGBP we have very nice opportunities both for long and short. It is clear that market is moving in the channel. 1. Long setup: targets should be somewhere in "Bullish Target Zone" - green rectangle 2. Short setup: targets should be at the structure support @0.7241 Watch market carefully and decide on which side you are, Bullish or Bearish.

RCP

Here on FX:GBPUSD there is nothing to say, as the chart says everything. Very strong and nice resist zone is waiting the price to hit @1.5464 and then fall down like a waterfall. We have 2 targets: 1 @1.5325; 2 @1.5167.

RCP

Today on FX:EURUSD we have a shorting opportunity at the edge of potential channel with the confluence of fibs 61.8 and the structure resistance. I think the price will come back to previous structure support -which will be the good opportunity to get involved and go long. 1. IF price breaks the channel and the resist than we should be looking our targets to be...

RCP

Hello traders. Today I want to take your attention on FX:EURJPY shorting setup. We have a very nice shorting opportunity right at the structure resist level. We have a double top with bearish divergence, which is a good confluence, besides fibs 0.786 @133.30 resist level. We have 2 potential targets both at support zone.

RCP

ON FX:EURUSD daily chart we have strong channel and harmonic moves inside the channel. So I am looking the price to enter the red zone and then rally up to the channel resistance. we have very nice R/R of 3.44. This is a perfect technical opportunity to monitor for the next week. Have a nice day

RCP

So, here on FX:NZDUSD there is a very good trend following opportunity that should be monitored during the next trading week. I am looking the market to do the following moves: As we are in a bear market right now I look for the retest structure, price should enter the reversal zone and then fall down. As you see we have fibs confluence of 38.2 right at the...

RCP

We have very effective setup on FX:EURAUD which is under my radar for the next trading week. In this case we have 2 opportunity to go short: 1. We can go short straight at the structure resist 2. We can wait the price to retest the structure resist and make Double top with divergence and then go short.

RCP

Hello traders. Today on FX:EURUSD we have a nice opportunity to go short. It is easy and interesting structure based setup. So what we have here is that we should wait for the price to retest the structure support, however we have a fibs 38.2 and daily PP confluences at the structure, Then we are free to go short all the way down. There are 2 potential...

RCP

Today we have very interesting formation for FX:EURJPY First of all we have potential gartley pattern, completion right at the strong resist zone @136.10. The second option is very interesting. We have a triangle in which price struggles to break the support but finds it hard. Here is what I think: If price breaks the triangle it is more likely to go low and...

RCP

Today we have very nice harmonic patterns on FX:EURUSD 1. Blue: Bat 2. Yellow: Gartley 3. Green: Gartley. Here is what I think the market could do: We see a decision zone that could be hard for the market in choosing the direction. If price breaks this zone it is more likely to complete green gatley and go back to the decision zone, retest it and then go down...

RCP

So, today I have faced very interesting formation on FX_IDC:EURJPY We have two very good different opportunities right now. 1. First one is structure based long setup, price could come to previous structure support and retest is once more and make a little correction up. The retest is @ 50.0 fibs of XA leg. Since the correction we should be waiting for the...

RCP

Hello Traders, I am back from my vacation and happy to come back here. So here on FX_IDC:EURUSD we have a potential 3 drives pattern with perfect fibs ratios. The pattern should finish @1.1110 around the daily S1. Besides, if we look left we see nice structure support zone right at the buying area. Regarding the targets we have 2 potential target zones, and...

RCP

Today on FX:GBPJPY we have very interesting setup. So, first of all we have triangle, which is going to breakout down and go reach 193.01. Here @193.01 we have nice structure zone which can be hold and price could rally up straightaway of after little consolidation. Dont forget that there is a weekly PP as well. The second opportunity here is the potential bat...

RCP

Here we have a potential Head & Shoulders setup with nice profits. Look at RSI, its making lower highs, so bulls are weakening and its time for bears to go in action. The green zone is potential profit zone, where I think price could consolidate for a while in this zone. I want to mention that you should watch the price action carefully, however there is a...