Tracking a Possible bearish 5.0 pattern combined with a supply level and AB=CD pattern The second spike up on this chart does not align with my charts so may be a bad tick but I have marked them both out as potential levels Do not expect a large move down but expecting some form of reaction there, at least 38% retracement up to 61% retracement of the C-D leg up...
USDCAD Took profits on long trade and reversed into a short position as hitting a supply level, already short now Has a longer term head and shoulders pattern on the daily chart, but is hitting a decent supply level on the 4hr,with RSI well oversold with divergence At a minimum I am expecting prices to retrace back to the 50 ema on the 4hr chart which is...
Butterfly into supply level which is a key weekly/ monthly level with the long term RSI at 77 which is well overbought Suggests a snap back in EU
XAUEUR Weekly coming up to key weekly level with RSI overbought at 77 See lower timeframe for possible setup This one is for interest only as I don't trade this pair
Looking for a 5th wave completion hopefully at 1.33604 or possibly as high as 1.3390 There are fifth wave fibonacci cluster levels at 1.3333, 1.3360 and 1.3390, which could act as potential 5th wave reversal zones 1.33604 is my second target for a current long trade to take some profits off the table, if price shows signs of reversing here I will initiate a short...
Looking at a possible position trade/ investment in a well known wealth management company in Australia Technically has what could be an ending diagonal at a monthly level which has been forming for the better part of 15 year and is in the "throwover" stage, which coincides with a harmonic pattern and fairly solid fundamentals from what I can tell at a...
As per Nikkei Idea, suspect we are in the sell area of a 2618, on the lower timeframe there is also a clear 5 wave advance If the weekly high is broken then this is invalid and I will be looking to sell again a little higher
Still awaiting entries long and short but this is what I'm looking out for in the coming weeks Very similar to my view on the USA Nasdaq and S&P, just need to find low risk entries
High level JPN225 picture Had 5 wave advance into long term 50% fibonacci level and supply level on the monthly Likely finished a wave A of a corrective pattern and short term heading higher
USDCAD Well that was quick... found my first level to try and sell ... much lower risk at between 30-40 pips for a potentially large payoff Given the fact it's a position trade I'm going to place my stop a few more pips above what I would normally do and potentially have another crack at it if the level is breached but the candle immediately rejects the...
Daily Chart hitting potential PRZ, entering long Weekly forming small doji so may offer longer term swing trade
USDCAD Monthly Bearish Bat pattern with Monthly Tweezer Top Price is currently rallying (and I hope it does), but I will be scouring lower time frames to find a low risk sell setup to line up a position trade Longer term (if this were to play out) typical harmonic pattern targets are 161.8% extensions, which in this case lines up with the highlighted demand level...
AUDUSD, currently at a key level, has bullish candles on the weekly and daily charts but still a week to go on this month so could change Seeing this is the second touch and I'm personally not a big fan of candle patterns on their own and have reservations around their reliability, I'm going to wait for confirmation on the lower timeframes to try and find a low...
Currently at a long term inflection point, but I don't think it is that strong where it is... mainly due to the number of touches it has had over the years However, looking out from here there is one KEY level worth noting, and this is the 640 level I will be looking for positions long on platinum related assets when platinum gets down to 640, as this is both a...
Looking to buy the current retracement for a position trade long
Possible weekly leading diagonal at a long term trend line
Currently sitting at a long term trend line Looking to lower timeframes to buy for a long term position trade
EURAUD Potential Reversal Zones Clear Wave structures right now ith a 5 wave decline and a 3 wave advance now moving up into some clear fibonacci cluster areas starting at the 78.6% retracement up to the 85.4% retracement Worth keeping an eye on alongside the RSI getting into the overbought area