AC has broken an up-trend line and bounced off the top of a larger trend line. I am looking for it to head down to my -1.270 fib target at 0.95727.
EG has formed a sideways consolidation move. I'm looking for it to continue a downward move to my .127 fib.
AU is forming a nice ABC bear flag in a downward channel. I am looking for the price to break the channel downward after bouncing off of the .50 or .618 fibo line.
I have AUDJPY as in a confirmed downward trend with three touches on the trend line. I am looking to sell to the bottom after a break and a hook back.
I am looking to short the EG next week to the confluence area of my .618 fib and the bottom trend line. This is due to my upward trend line being broken.
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.
EJ loves to put in bear flags. Right now I am seeing an ABC correction bear flag and will be looking to a sell to the bottom at 112.29 if it breaks my SLTL.
AUDNZD has reached a critical point at the top of my sideways box. If price action can close and reverse and break outside of the wedge I will look for a sell to the bottom of the box.
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 bottom of the sideways move. If you'll check my past...
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.
NU has broken downwards. For next week I am looking for price to retrace to the trend line and then continue downwards to the -.618 fib.
AUDUSD has reached a critical point at the day channel bottom. I am waiting to see if it breaks the current channel for a very large long to the upside.
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 hoping that we can reach our 0.8565 target by 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, I will be looking for a short to the 74.55 area.
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.