GBPEUR completed a bullish fibonacci pullback. Price on the daily broke already once the marked level to the downside so a long opportunity could be taken only if price provides a very good confirmation.
CHFUSD is currently struggling to go beyond the marked area which aligns with a bearish fibonacci pullback pattern. However since the price has broker the level to the upside a couple of times it would be wise to wait for further price action in order to confirm if the move is valid. A short opportunity in this pair means that USDCHF will start pushing to the...
USDMXN is near completion of a bullish fibonacci pullback pattern. It is extremely important for price to reject the marked area multiple times as price is near a daily high and long opportunities must be open carefully.
Upon completion of the bullish shark pattern. It would be wise to look at price action around the area and look for rejections and or reversal candlestick patterns in order to enter a long trade as long as price confirms.
Price confirmed all levels for the bullish shark harmonic pattern and it is rejecting the last level which is a good sign. Upon break of market structure or bullish engulfing candle, entries could be taken for a good long opportunity.
Upon completion of the bat pattern, it would be wise to keep a close eye to price action around the area to find a short opportunity on this pair as long as it provides rejections and confirmations for entry.
After news release for US Dollar, 6J Futures JPY USD seems to be developing a more clear market structure and completing a bullish Shark formation. When price reaches the marked zone it would be wise to look at price action behavior around the area to see if price provides us with a valid entry for long opportunities.
CL USOIL (WTI Oil) is forming what it looks like a possible bullish bat formation.
As more my liking, I do not like how high the C point is at however if the pattern is completed, the formation still valid. The price must test the zones after the 0.382 time zone in order for the pattern to be valid, if price does it before then a trade should not be considered....
6B GBPUSD its forming/completing what it looks to be a three drives pattern. If prices pushes down to the marked area with a green box and shows a reason to enter a trade such as rejection of the area then a long opportunity could be taken. For those that are more conservative, waiting for 1hr bullish market structure would be ideal before entering a trade.
In the chart published, the marked area with a green box is a great area to look for long opportunities as long as price shows us a confirmation for a trade. It is rather a big zone so lowering to the smaller timeframes would be wise in order to get a better entry. 1hr must first form bullish market structure or reject multiple times the marked area in order for a...
If the 4hr candle closes bullish we could be expecting a change in trend direction in the 6N/ NZDUSD pair as it will be confirming that the reversal of the previous impulse is over. It is important to watch carefully price action in the area in order to consider a trade.
This pair is currently in a neutral position as it is trapped in a consolidation zone. Since this correlates with USDJPY the same scenario should be taking place on that pair as well. It is wise to wait for a break of structure and formation of proper market structure before any trade could be placed.
ZC/ Corn Futures has been rejecting current level for the past few days. A couple months ago it completed a bearish bat pattern in where price reacted nicely and is currently retesting the area. Shorts/ Reversal is expected from this area.