pezza82

pezza82 Updated 

Could be a nice one off monthly structure aiming for 180 pips. Has pulled back after a massive bullish leg up and bounced off the 50% fib, and now sitting comfortable on support.

pezza82

Gone long on EU, is respecting 4hr trend line, and it now has broken weely support, aiming for long term downward trend line.

pezza82

Im long on AU based on a few different ideas. First is this could be the second leg of an ABCD pattern, which would finish right on the top of the long term downward trend channel. It has also broken thru monthly support and looks to continue its bullish momentum. It is still also trending nicely on the 4hr support trend line.

pezza82

EN has been slowly trending down in a wedhe and now hit a monthly support level. I am waiting for it to break out the wedge and continue on its bullsih uptrend. I will wait for a break out of the wedge and the pullback to hold before entering a long if it stays above the 1.785 area (which is the 618 retracement of its last bullsish leg)

pezza82 Updated 

Bearish bat complete. I am watching the 1hrfor the trend line to break. Also have some divergence showing on the RSI which for me is another good indicator the trend may reverse.

pezza82

GA has now broken down thru monthly support, and back into the resistance area of a long term up trend channel. On the lower time frames it has also broken thru the uptrend support line. So lots of confluence mixing here in this area. I will be looking to short when the market opens. Let me know your thoughts. Weekly 4H

pezza82

I am currently in a long and aiming for the D point and looking to short from there which could make a bearish bat. This could also line up with the daily bearish trend which ties in well with a 618 retracement. Clearer bearish trend on the weekly

pezza82

I will be watching this area for a reversal down. Right now its D point (0.786) is at it's 50 fib pullback from its last bearish push down. There is the chance the bullish pattern continues and then again could look for a 886 gartley.

pezza82 Updated 

Bearish bat in play now. Price is in the potential reversal zone. Has met the X-A 886 twice, and a 1.27 abcd, also between the 2 & 2.24 BC projection. Keep an eye to short

pezza82

Bearish cypher now formed. Watch for a possible reversal from this area

pezza82 Updated 

B-C leg completed and meeting the 0.786 requirement. If this reversed and falls to the D then this would mean the reversal zone falls right on the 0.786 X-A, an ABCD and a B-C of 1.13. Good area to look to long from. But the way the AUD is tanking I will be surprised it this eventuates. Let me know your thoughts.

pezza82 Updated 

Bullish shark forming, keep an eye for a reversal signal

pezza82

So this bearish shark played out, but will it form a bullish 5-0. Also note the 2 bearish legs of the reciprocal ABCD, I will keep an eye on the 107.78 area for a reversal north. Let me know your thoughts!!!

pezza82

Nice pinbar on the 12H rejecting the lower price, and now in a strong area of confluence with downtrend channel and long term downtrend line hit. Also is RSI divergence so selling pressure decreasing so keep an eye for a possible reversal

pezza82 Updated 

It did hit the 0.88 level, but has kept going up in price. Stop would be at 1.13 fib extension which it just missed. I am looking to short this pair if I get a good reversal signal. Good mix of confluence with previous resistance there and on the 4hr nearing over bought area. Big r/r ratio, with tp been down to 68.9 area.

pezza82 Updated 

Higher high now formed, am watching for a pullback to the fib 34 - 50 zone and will watch to buy from there. Fib based on market structure so this is predicting, nothing to say it will pullback from here.

pezza82

Bullish bat forming on larger time frame. Potential reversal zone between B-C projection of 2 AB=CD 1.618 X-A 0.886 Keep an eye on the smaller time frame for a buy signal

pezza82 Updated 

Trend is up. Bullish cypher completion is right on presious structure. Could be a good opportunity to buy from D point and continue in its uptrend.