Pair pushing resistance channel, but a clear bullish divergence suggest that the price is about to break high and a possible structure can be developed as showed. If the price falls beyond ABCD pattern PRZ, the structure will be invalid and another idea has to be prepare... For long entry: wait for reversal bar pattern inside ACBD pattern PRZ box.
OIL price looks to be on hard resistance, same with AUD (strong resistance at 0.7258). A bearish Bat pattern emerges and could be taken if a bearish divergence and reversal bar pattern show up inside the PRZ box. Bullish Gartley on H4 chart (blue) almost complete TP3 (0.7249)
- Bullish divergence present - Double bottom? - Wait for reversal bar pattern inside PRZ box
- Price retesting channel support - Bullish divergence present - OIL price remains an uptrend momentum (short term) - USD index has a bearish shark pattern completed
Price is breaking channel support, but a bullish divergence is present and if it remains, a bearish Shark pattern can be projected. Wait for reversal bar pattern inside PRZ box (use H1 chart if necessary) Others points that supports the reason to consider a long position: - Bullish divergence is present on D1 chart - A bearish Shark pattern on USD index and...
Brexit referendum discussion is making pressure to the GBP, but final decision (vote) until June 2016. So the movement is pure speculation and the fear should slowdown in the short term. Technically, two bullish Crab patterns emerge accompanied with bull divergences in H4 and D1 charts, so I expect the price drops into the PRZ box to consider an entry setup. ...
Bearish Gartley pattern projection emerges and bull divergence is present. There is a possibility that the price retest support at 112.30 before rising. Watching H1 chart for an entry setup…
Although the bearish Bat pattern on D1 chart is complete, the pair remains a little bit bullish. On H4 chart, bullish divergence is present and two possible patterns emerge. Wait for reversal pattern inside PRZ box to consider an entry setup. I’m more into the bullish shark pattern. Breaking support at 1.1086, could give an opportunity to go short in lower...
Bullish Shark pattern almost complete. OIL price is pushing down this pair and will continue a little bit more. Meanwhile, on H1 chart, there is a bearish White Swan and AntiB-Fly patterns that could be taken for a short position. PRZ are: White Swan pattern: 1.3769 – 1.3776 Anti B-Fly pattern : 1.3798 – 1.3831 Wait for bearish divergence and reversal...
Pair strongly influenced by OIL price and this one will continue rising, but the downtrend remains. A bearish Gartley pattern and double top are present but no divergence at sight. Taking in consideration OIL price, there is a possibility that this pair continue a little bit higher, in that case, a bearish B-Fly emerges and will pressure top channel on D1...
Not an easy decision for this trade… I’m sure to go short, but not so sure if it’s the right time. Bear and bull divergences are present, but not a clear reversal bar pattern yet. So I’m stay aside for the moment.
Some times, channels doesn’t give you an easy view of direction, but when many converge, it give you a warning to trade with extremely care. I’m expecting a big up move for this pair and the Bullish Gartley pattern looks to be the time to enter long… will see If the price hits the PRZ box of the bullish Gartley pattern, I will be watching for bullish divergence...
Bullish divergences present on H4 and H1 chart. Hope the price maintains the channel. USOIL is going a little bit higher but remains the downtrend, so this pair should go up… There is a bearish shark projection pattern on H4 chart, so if the price goes up, following this pattern on H1 chart, the target for this trade could be around 1.40
Bullish 3D pattern is in play and a possible Wolfe structure can be setup. a) If the price breaks a little bit the resistance channel (point 5) and a bearish divergence emerges, then it could be a good opportunity to go short targeting 61.8-78.6 fibo retracements (as a first target) and Wolfe wave target as second. b) If channel remains intact, then it could...
Following analysis form W1 and D1, on H4 chart the price is pressuring the resistance channel and a bearish divergence is present. A bullish Shark pattern projection emerges and could be a good opportunity to go short pointing channel support. On H1 chart, a bear divergence is present and you can project a bullish Shark pattern too...
On W1 chart, bearish Bat pattern (yellow) looks complete and bearish divergence is present. (Price still on PRZ box, and no reversal bar pattern yet). On D1 chart, bear divergence is present too and a bullish ABCD pattern emerges. Price is pressuring channel resistance, so a downtrend may be ahead. (Waiting for reversal bar pattern, below 0.7900)
Price is breaking SHS neck and pointing 127.2 - 161.8 Fibo retracements. Probably, there will be a double bottom around 27.84. A possible bearish 3D pattern emerges. Bullish Crab pattern (green) on D1 still in play
Pair is still bullish and the price will probably pressure the channel resistance; it looks like a correction ABC. An opportunity to go Long is ahead (bull divergence is present) and a bearish Bat pattern emerges. I’m looking H1 chart for an enter setup.