Observing XAUUSD We identified Bearish Gartley formation. DXY is the adjacent pair responsible for half of this pairs decisions. With the dollar raising in cost. Ultimately making the cost of XAU loose value against the dollar. Expectations is to see the DXY go to 102.20-103 Making gold head towards the 1200 or even 1180 field. I set up 3 attempts. From...
Upon observing GBPJPY I have Noticed the over all bearish activity. and also how much bullish activity that played apart in its price action progression. The descending wedge pattern being formed may be approaching a breakout. As illustrated, i was created a "ejection box". If price action enters and closes within this box. It could have some time to gear up...
At the Breakdown of USDCAD Under the Daily we are able to observe a overall bullish price action. We have been in a wide consolidation period 1.29600 As the Low. And 1.35900 I have observed 2 attempts to brake the 1.35900 Price. With 2 failed attempts. After its previous rejection of the 1.35900 price. we bottomed, and what appears to be making another attempt...
DXY Observation taking place. Bullish momentum within the .786. And the 0.0 Higher high, higher close. Retracing pattern. Good day trading opportunities for USD pairs or Commodities with adjacent pair USD (sell opportunities). This pair should help with your decision making and entry opportunity. I am specifically using this pair to assist an entry for XAUUSD....
Here's a breakdown of my structure analysis for EURJPY. I am expecting a rejection of the price 121.100. (Confirmation needed) If this price rejection a short opportunity to 120.000 will present itself. Another trade opportunity may present its self after the short. Which would be a long. But I dont expect the price to retest the previous structure low of...
Looking to possibly setup a Short On this swing trade idea. This pair has been widely ranging for quite some time. DXY is the adjacent chart that can be used to reference possible movements for this pair. We observed a ABC Formation- Expecting a Double Top at the top around the ranging field. 0.75195 I am observing a rejection. But we still do believe that price...
Breaking down DollarYen I was able to discover a possible bearish bat on the 4hr. I was able to illustrate two possible route this pair could take. Green representing my most favorable. Red illustrating a path we should wait to see play out. If price action bounces from the 112.692 field. To the C leg. I wish to go short to the D leg. If price action continues...
Looking for a possible short opportunity out of EU. DXY- Is showing a degrading in its strength. Bringing new lows. And bearish activity. There may be adjacent pairs involved with this activity. Still awaiting confirmation for what may come together. But with this ABC Pattern and other research i think it makes for a solid hypothesis.
Observing USDCAD i am here illustrating a net of direction momentum. As unclear i am to how the fundamentals may react with the market, i am keep an eye on the possible swing in direction. Initially price action decline of .90% Price rejection at the 1.30240 Inclines .70% DXY- was showing a weak dollar. That is information to consider with this pair. Keep your...
Upon inspecting and breaking down AJ i was able to find a wedged opportunity. 87.400 has been test for a third time. If this price shall fail again. I will sell the break out. Going to drop the time frame to find confirmation and a good entry. Sell Limit 87.410
I am observing a possible long and short opporunity of the EURYEN. Advance bullish bat formaiton still left to be compeleted for an aggressive approach. As a short. And or/ at the completion of the bat formation. We will be able to discover exhausted sellers. Giving a chance to buy the price back up. I would suggest the trader to go in and find his entry and...
Breaking down AUDJPY i was able to observe that the high was tested at 87.425 earlier today and was not able to break the price. That is a structure being held from DEC12th It doesnt lead me to believe a reversal is next. I believe a retest in this price will occur; Or consolidation will occur between the the structure price range given in the graph. I am seeking...
Expecting a up and coming reversal. For a long Opportunity. Observed a bullish bat formation completion. Awaiting Candle reversal confirmation. I am expecting solid movement between 2-3am EST tonight. If this pair doesnt exhaust selling power. I shall wait for the next buy opporunity. Alert 1.06254 To see if i can set a buystop.
USDCAD Observation today i am recording a descending wedge. I am expecting this pair to exhaust selling power at the 1.29885 region. FIB Confluence approved the zones. Awaiting for the pair to sell out and exhaust, to potentially buy it up. I set an alert for when the pair breaks previous structure to the down side. Then ill set my by stop as price action goes...
Observing GU. There are many possiblities to unfold with this pair currently. If this pair continues its path i believe it should go along the lines that i described in the graph. I am under the suspcision that fundamentals can alter this path. So staying up to date on GU news is going to be the critical aspect. I am under the suspicion of more bearish activity...
I am observing a Bullish Bat Formation. That seems to have came to a close of its advance formation. A triple top was seen at the 87.00 Field. This appears to be a tough field to overcome. I have a expected sell opportunity for this pair. I am a hairpin late trying to publish this on time. This trade can very well be implemented soon. I will post coordinates...
Breaking down the EURJPY I was able to find a potential advance formation that may take place. i was expecting a strong rejection at the B leg And as i was able to see just before publishing. That has occured. The RSi on this pair is fairly oversold as well. I believe this pair would need to recovery and rally up a bit. Possibly even to the previous structure...
Breaking down the EURUSD. I was able to discover a potential buying opportunity. Price action is respecting the Fibonacci levels. Looking to go long based on this graph to the .382