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Price action is a little tricky today. Waiting for 4hr confirmation for potential buys. Let's monitor this area. If we get a clean rejection of this zone, we will enter sells with potential targets around 163.00.

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Hello everyone, GJ is in a range, so I'm waiting for one of these two scenarios to take a position in either direction. To confirm the breakout, wait for the candle to close (at least on the 30 min tf).

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If this candle closes bullish on the 30 min tf, breaking the high of this candle can be a confirmation to take a long position. Stop loss below that candle, or below the wick of the next one. The target would be the previous high.

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Hi everyone, I would like to see a strong closure above or below these levels to take a trade. Maybe we won't get it until the NFP release, but keep an eye on these levels anyway. Anything in between is too risky, IMO.

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There is a potential inverted head and shoulders pattern on the nzd/usd chart. So it all depends on the CPI numbers; if we see a price drop to the 0.6060 area, and if the CPI numbers come in lower than expected, we can consider the scalp long position relatively safe at that point. Higher CPI numbers are very likely to extend USD strength (in which case you can...

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This is the eur/nzd 1hr chart; as you can see we had an ascending channel, which was broken to the upside, and theoretically, if we see a breakout to the upside during an ascending channel, there's a good chance it could be a false breakout (although there are cases when it's not a false breakout, of course). So here things are like this: the price broke the...

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Hello traders, here we have an inverted head and shoulders pattern on the hourly eur/aud chart. We also have the 1st higher high, so it's time to look for an opportunity for long positions. My preferred scenario is for the price to fall into the harmonic area (with the left shoulder) and if that happens, I'm in. Of course, if you see bleeding in price and the...

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We have the head and shoulders pattern on the 1hr TF on the cad/chf chart. This can be our guide to going long. If you look closely at the price action, you can see that we have the first higher high on the chart, as well as a breakout of the counter trend line. The weekly candle also suggests bullish momentum, but the daily candle suggests indecision, so maybe we...

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Hello everyone. EUR/USD looks like it is ending its retracement so the bears have started to emerge. We have some sort of head and shoulders on the 4h TF and we have the 1st LL so we can start looking for shorting the pair. The harmonic price with the left shoulder is at 1.0267 so that would be a perfect entry for short positions as the risk would be very low and...

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We have a confirmed inverted head and shoulders pattern on the hourly usd/jpy chart. We can use this pattern as a guide for trading this pair in the early days of next week. NFP has been unexpectedly good so this may be fuel for US dollar strength. The pattern is confirmed according to my strategy, as we have a daily close above the neckline of the pattern. So, if...

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We have some obvious bullish signs here. First of all, if we look at the daily chart, we can see that we have a bullish flag pattern that suggests a move to the upside. So, to trade with a high probability of success, it is better to wait for a breakout on a daily basis (to avoid false intraday signals). That's what we got. Now the question is where to enter the...

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Hello everyone. Here we have a head and shoulders pattern on the GU hourly chart. So let's make some conclusions. First of all, if the pattern starts working, we could see the price reach the level of 1.2150 (this would be the minimum target of the pattern, if we measure AB-CD swings). But we don't know if it will work, that is, no one knows. But one thing can...

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We have a possible head and shoulders pattern again on the 1hr tf on the eur/usd chart. This can be our trading guide. If it fails again, we can establish short positions. If it starts working, we can go LONG. Note that next week we have the ECB meeting and the 1st rate hike announced, so if the ECB surprises the market, we could see some relief in the Euro, but...

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Hello traders. As we have all seen, the EURUSD is bleeding. Unfortunately, there are no positive factors in the fundamentals that we can lean on and be bullish on the EURUSD. The situation is only getting worse and I don't know what kind of miracle would have to happen to see a change in the main trend of the euro. Some experts are even worried about the survival...

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HELLO GUYS; Last week I posted an analysis for aud/nzd and I wrote to watch out for a right shoulder formation (head and shoulder pattern on the daily chart) and if you have been following this pair you might have noticed that we got a right shoulder formation on Friday. So guys, now, you can act in many ways. The minimum target of the head and shoulders is at the...

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Hello guys. I just want to share with you my long term view on gold. This is a weekly chart, so let's put some arguments on the table. The gold maybe (JUST MAYBE, FOR NOW) in the sideway channel, but we don't know for sure, as we currently have 75% confirmation for the sideway channel. To get 100% confirmation of the sideway channel we need another low in the 1680...

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Hello traders. I hope you are all doing well. On the AUD / NZD chart we have a long-term bullish bias. But perhaps the market is stuck between monthly bands. Anyway, we have a potential head and shoulders on the daily chart. Right shoulder formation hasn’t started yet, but if it does, we can take the opportunity to enter short (you can use, for example, a...

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Hello traders. This is EUR/JPY, 1hr tf. As you can see we have a potential head and shoulders pattern. We still don’t have the right shoulder, and we may not get it, but in case we do, we need to be prepared because all of this can give a very strong signal to the bulls. If you look at the daily chart, you can see the bullish engulfing pattern and this can be used...