mcpeacocks

mcpeacocks

Confluence on 50% retrace of last major move down, 100 and 200 MA's In addition, the USD is still weak providing some more upside opportunity until we reach the target area for short confirmations. RSI and stoch also still showing some upside potential, so agressive traders could enter a long before going short... trade after your own analysis and at your own risk...

mcpeacocks

confluence of: 61.8 retrace of last major swing down (A-B) trendline, 100M; and plus zone of 1.272 - 1.618 inverse extension of last minor swing down (1-2) (note the initial bounce right of this 1.272 level) in addition both stochs and RSI are getting into oversold territories

mcpeacocks

potential bearish cypher setting up. still early days, but could play out nicely. will keep an eye on this.

mcpeacocks

see charts for details good luck

mcpeacocks

see chart for details. good luck

mcpeacocks

this pair as been ranging in quite a nicely defined box and has reach the top-end of it. on the latest 4hr candle a nice wick has formed and stochs and RSI indicated overbought. I am shorting this with 3 TPs following fib levels of the last major move up. my short goes above the one spike that went out of the box a couple of days back. good luck

mcpeacocks

oversold on stoch and RSI obvious resistance level from previous highs TP1 @ 1.36, TP2 @1.34 good luck

mcpeacocks

just spotting some obvious timing and Fib confluences. the major correction that is rumoured seems to be on the charts.

mcpeacocks

IF EG is able to break the psychological level of 0.74 we may go up to 0.7450 area to complete bearish gartley to resume the overall EG downtrend. Utlimate target around 0.64 still stands for me. after first TP at 0.70 at most recent low.

mcpeacocks

see chart for details. edit: TP3 should be around 122.94 regions

mcpeacocks

it appears CAD may be forming a flag on the monthly around the current historic resistance level. should oil drop further and USD keep its bullish rally on, we may actually see the 1.41 target

mcpeacocks

see chart for details, but I see a break and retest of a monthly trendline (in red), as well as a weekly trendline (in blue). also, the resent swing high by EG touches the 0.618 retracement of the prior major move down. My ultimate target could therefore be at 0.63981, the 1.618 extension level of most recent move.

mcpeacocks

bullish shark potential, allinging with the 50% retracement of the last major swing. TP goes @ 1.0868 Good luck and do your own analysis, as this is my first attempt at harmonics!

mcpeacocks

possibility that DXY continues its correction to around 95 levels - coinciding with the 0.236 retracement and previous structure.

mcpeacocks

after being stopped out on the previous set-up, it seems EG is now hitting some resistance. on larger timeframes it still is in a downtrend and In combination with the risigin wedge on the 1-2hr chart and it being signifcantly oversold for a period of time, I will go short as soon as the wedge is broken. target retracements of the last major swing up. comments...

mcpeacocks

weekly chart shows falling wedge, and we just had a clear rejection at 1142 level, with bullish engulfing on weekly chart RSI and stochs pointing upwards on daily; overbought at 1 and 4hr. seeking entry point at hourly chart around retest of previous structure around 1175 Targets go at 0.5 and 0.764 fib levels of last swing: 1226.09 and 1268.87...

mcpeacocks

testing monthly resistance levels bounced off with clear bearish engulfing candle on daily chart next monthly resisttance at 0.6547 area is my TP. Stop goes abouve the monthly resistance band. GL

mcpeacocks

see chart for details - about to break thru band of resistance. perhaps BOJ event can push this. stops go at most recent 4h high. 3TP's at various pivot levels. GL