Price just breaks down rising channel pattern which is reversal sign. Impulse wave is completed and followed with reversal pattern.
We can sell USOIL if rejection shows and fails to break above trendline.
Stop - above recent high
Price moves in a clear structure with Impulse correction and continuation
The last move is in channel pattern and we are riding on impulse wave. Trendline is touched and watch for rejection and buy UJ
Stop - 20Pips below
Target is on ascending trendline
Price makes a lower lows and breaks descending trendline and drops quickly because of bad news CPI (QoQ) (Q1) announced as 0.0%
Now price makes a double bottom and rejects
We can go long on NC and aim for descending main trendline
Price makes an agressive move up and finds resistance at previous high level. Potential double top
Although we can see price is making a reversal rising wage pattern before moving down
We can take a trade after breaking down and aim following 2 tp levels
Potential drop on SPX500 is near. As chart shows, trendline holds price and pushes down for 3 times. From 3rd touch, price slows down and losing bullish momentum. On last 4th touch, we can see a doji formed and this is one confirmation for shorting SPX500. Watch for selling opportunity around this level and aim for first ascending trendline at least!
We can see...
Price makes a third top and rejected nicely
Although we have a rising channel breakout
Current pattern is almost similar with previous continuation pattern in the channel
If 30m candle closes below with momentum then we an sell Oil and aim for coming first ascending trendline
Stop is above tops
Price reaches trendline and completes pattern
Rejection and closing below trendline gives shorting opportunity
However, there is a bullish momentum
Watch forshort position here
Potential drop to 0.99536
Price makes a breakout on previous high and comes back making a fake breakout
Then it rallies again to make the second top
Now price breaks down ascending correction trendline to drop further
Aim for previous low and use b-e
On last friday price breaks resistance level and now price makes a pullback
On lower timeframe there is no momentum to the downside so buying position is active
We can buy now USDCAD and aim for descending trendline, if price makes a reversal pattern then close long position and open short position
If price continues going up we can hold position and aim for...
Price makes continuation channel pattern before positive NFP for USD
Structure can be more valid if price breaks down pattern
Selling on break out we can aim for
1.12080 and 1.11840
Stop is above pattern