USOIL forming a wedge formation, breakout pending. Super low entry and tight stop for this one.
Fib retest of reversal zone, before flying up continuing weekly bias.
Wicks thrown to the downside, means price is rejecting the downside movement.
Part of a higher time-frame fib.
GBP/AUD short setup, I see a head and shoulders on the 4H. On the daily we have a strong doji close as per yesterday. I am looking for GA to roll over to the downside.
Rising wedge formation for SPX, stocks due to fall into to major support zone. I do see SPX breaking out to the downside, respecting the trend-line on the RSI.
If we break above and close on top of the 4 hour level, we'll see a continuation to the daily, possible minor intra-day pullback before continuation.
Nice short setup i see on AU, wait till price retraces.
I do see EUR/AUD going long after an intra-day pullback. Targets are fib correlations.
Head correlates with the 78.6% fib. Long term targets are $16,000 and $20,000.
Closures align with fibonacci levels. Shorts from 61.8%.
GJ bullish on weekly and monthly. Retest of lower bounds, before climbing higher.
Fib aligns with reversal zone. Bias is long to we are trading with the bias.
Fib correlations with 78.6%.
3 drives in a wedge formation for GJ.
NZD/USD's PA is rejecting the daily level, so i'm looking at shorts to the weekly before looking for upside moves.
I see a potential Head and shoulders formation, before we go with the overall bias of bullish movement. 120.300 has been a key level of market orders (Multiple taps into this level) which we may need to tap into before flying up.
Market may go for a 3 drive pattern above. If we close below the zone, we shall be in for a ride down.