RiosTrades

Bullish pennant 4hr time frame

This pair experienced a gap in the opening of the market. I'd like to see this gap be filled and also see great rejection at the 38% retracement or slightly below it.

The Euro has definitely picked up the pace since last week, i'd like to have a clear sight of the Euro breaking its resistance before entering this pair. I'd target the next level of structure because there may a chance of reversal because it'd put us a little below the 61.8% retracement level if you fib the major impulsive wave.

I see that shorting the Canadian/Yen is a bit too late and risky for the potential target (40 ish pips). My best bet is to patiently let price reach its targets then to find reason to enter long. Price action is hinting us that if price does reverse, we are looking at price come down to its squeeze, meaning we may see a breakout of this Descending trend line.

I've been waiting for this breakout for sometime, very very interesting idea. In the chart we see a breakout of a Inverted Head and Shoulder Pattern but what also brings a lot of attention is price breaking out of this weekly descending trend line. Price has retested this trend line which is also a swap level that I've presented in the rectangle box. Opening of...

Since the AUSSIE/US DOLLAR are correlated with the AUSSIE/CANADIAN I find it to be appropriate to share both pairs with a similar idea. The Aussie certainly showed very high momentum in price action with a generous push to the upside breaking very respectable swing lows. Last time price used this level as Support we did find price pushing up without hesitation....

The Aussie did break significant historical also recent levels of Structure, what I understand from this is that the Aussie is certainly gaining its confidence against the Greenbacks. I do see how price action is showing us a Bullish triangle of which is very close to breaking out after touching its High and Low lines. I'm prepared for either scenario to come...

Price broke a key level of support and is continuing pushing lower in its descending channel, i'm going to find reason to enter after an exhaustion of this strong impulsive wave.

Ascending Breakout / Head and Shoulder Pattern Breakout. Optimal Risk/Reward if price Retraces back to it's 38% Zone also our New Resistance, definitely a great structure zone for rejection.

I'd like to see what Bitcoin shows us if price begins to test this minor level of support. Great area to look for BULLISH ideas.

After the Aussie/Canadian has been in quite the consolidating market, a great Long Opportunity is being presented. I'd approach this market after price breaks above its key level of resistance, then see our swap level be respected before going Long.

After this pair has completed a 100% AB=CD Pattern, we can begin to find reason to go short at this highly respected key level of resistance. Dropping into 4hr time frame we see price breakout of its ascending channel, finding a good retracement level and candlestick confirmation can give us an optimal risk/reward on this pair.

Gartley Pattern forming, waiting for price to reach the 127% Fibonacci Extension from Legs A - B

The Euro and UK are in a bit of a tug of war scenario fundamentally, price is struggling to keep itself high above a key level of support. This pair can move either 1 of 2 ways, Price can complete its Triple Top and break below showing sellers are in control or wait for price to break above its consolidation box giving buyers the confidence they need. This area in...

The Euro/Kiwi, price action shows us that price broke out of it's ascending trend. I'd like to wait for daily closure once market opens and see where prices can potentially retrace back to using Fib. Calculating Target to Key Support Level.

Price is in the motion of forming a high probable triple top if we do see price continue bearish. This pair is definitely showing us a seller market therefore it is in our best interested to follow this trend. Calculating targets if entering this market after it breaks support, we grab our data from support to resistance and use it as our potential target which...

After price respected this very nice bullish trend line, the Pound/Canadian ended with a breakout of that trend. I'm interested in price breaking below support and possibly shorting the pull back into previous structure because if we look left of where price is at right now, we see very key levels of resistance which makes this a key swap level. Price turning from...

This week i've been paying close attention to absolute correlated and negative correlated pairs. In my previous analysis on GBPNZD we were looking for a Long Opportunity so it's only logical to look for the same in this pair. Here I see a Triangle formed so what I understand from this data is price is respecting its support and pushing lower highs leading price to...