mcpeacocks

mcpeacocks Updated 

Bearish Flag and potential AB-CD pattern

mcpeacocks

see chart for details, i'm just looking at this. not a signal. do your own research :) let me know if you think this is reasonable though from a fundamental point of view to support this technical view point. Maybe the upcoming FOMC meeting will help?

mcpeacocks Updated 

I see confluence of historic downtrend line and 0.618 fib level as last major leg down, as well as historic structure. There also is divergence..... quite a few reasons to short this although RSI and stoch still carry some upwards momentum... If this does break to the upside, and holds, this would also be a good level to long upon a retest of the same structure,...

mcpeacocks

100ma resistance. tight stop for a run back to 1.54

mcpeacocks

chart for details please hit like if you like the idea :) its not a trade signal, just my idea. please do our own analysis. happy to receive comments of any kind. cheers and good luck

mcpeacocks

chart for details

mcpeacocks Updated 

see chart for details.

mcpeacocks Updated 

AB - CD move concides with longer term resistance as target

mcpeacocks Updated 

looking at the previous structure/support lines and the bounces, there maybe 500+ pips in store here - IF she breaks -and holds- below 74.50 stops above last high at 79.50 area

mcpeacocks Updated 

short at retest of previous support, now resistance.

mcpeacocks

Long EURAUD at Trendline support and previous structure. tight SL due to expected volatility caused by ECB later today. look for double bottom confirmation at lower TF

mcpeacocks

see chart for entry- confluence with structure and psychological level at 1.11

mcpeacocks Updated 

simple pattern trade on the weekly - indicates possible target for EU around 0.80!

mcpeacocks Updated 

shorting AU due to: - bearish pin bar on 4hrly, followed by bullish attempt to break and hold above 100Ma (4hr) which FAILED to do so. Following candle was bearish engulfing 4 hourly candle. Short with stop above the high of first candle mentioned, Target at 0.618 retracement of last swing up - just above 0.69

mcpeacocks Updated 

3 x pin bar on hourly

mcpeacocks Updated 

see chart - eu has been rejected from a downward sloping trendline and is currently held up by the 4hr 100Ma. if this breaks, and if this 4hr candle is completed as a bearish candle (tombstone for example), this would be a good short, targeting support levels just above 1.08 for tp1, and 1.073- for tp2

mcpeacocks Updated 

see chart for details - in a nut shell: - ranging in a rising wedge, that is - about to hit previous support, now resistance, that - confluences with 0.5 retracement level of previous swing low, all while - RSI and STOCHS are (close to) being oversold and topping out... stops above previous 2nd resistance level targets indicated - T1: clone of the wedge base...

mcpeacocks

cypher and bat on 4hr chart plus a trendline that should provide some resistance. looking at price action within the 'short entry zone' to open short. close/clear move above the TL (blue line on chart) will invalidate this for me this could be heavily influenced by the FED decision, so smart money management to control risk, ie low leverage and only 2% of equity -...