My scan of the currencies has produced a nice short term trade setup. Price has performed an ABC bear flag that has turned at the 50% fibo. Because of this I am looking for price to sell to a target of at least 0.9801.
Price has decided to form an ABC pattern to look for sellers at the top. If price can break my channel to the downside, followed by a correction, I will still be in to the 0.7082 target.
WAIT until price action proves this.
The EG seems to have formed a double top on the 4HR chart. I am looking for a break of the single line trend line, then a hook back up and then I will be in the trade. I will be using the fibs as a guide line and my two major previous S/R targets are 0.8545 and 0.84434 but I will be looking to trade this to the ...
I have the AJ in a possible falling wedge. I also have it in a sideways box on the longer timeframe. Due to this I am looking for the pair to break the wedge before targeting the above fibs.
I was able to ride this pair down. I am now looking for a climb back up.
However, if it breaks the 76.00 and keeps going, ...
Ok guys. I am currently looking for a long on the EG. I have identified three separate resistance levels from the past that have become my current targets. If the price can break my .382 fib and first resistance of 0.8504 I will be long to 0.8565 and then 0.8623.
Be careful as Draghi is speaking on Tuesday. I'm ...
GU bear flag has broken downwards.
If GU breaks the consolidation pole pattern bottom, I am looking to short to 1.3227 then to the 240 trend bottom around 1.3200.
This is a short term TA. We will see if it fills tonite or Friday morning.
EG seems to be forming a larger ABC to complete a 4th wave up. I'm expecting a 5th wave down with an overall target of 0.8421. Look for a reversal sign around the 50% retracement on the current leg.
Based on purely TA.
EURGBP is creating a POLE sideways pattern to find sellers closer to the trend line. Wait for a trend line reversal signal to continue selling to 0.8428.
Remember, smart money buys at the top!
This is based on purely technical analysis.