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salsapete

On the HTF the daily may be developing a Inverse H&S. This may be a reversal pattern , and looking for a long trade.

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WTI has been in Compression since Mid June. Price is now approximating Support. There may be enough buyers here to trigger a reversal. Confirmation would be needed ie. Buying pressure seen with Pinbars, Engulfing Outside Bars, Quadimodo Pattern within the Channel. Or wait for Channel Break and Retest and enter long. Trade on chart.

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There may be an Inverse H&S pattern developing with this Commodity Currency Pair. Price is still in the Right Shoulder region . Price to make a fresh touch of the Demand Zone and then a reversal in play. A long trade is suggested on chart.

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This pair look overextended on the Higher Time Frames. Price has been in consolidation for the last 12 weeks. This is a consideration for a reversion to the mean. IF we take the 50 period moving average and the 50 level Fibonacci, the 96.00 level seems appropriate. Trade on chart

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The AUDCHF is in a Wyckoff Redistribution. This UTAD may have now passed and the pair progress towards the markdown. Trade suggestion on chart.

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On the intraday chart there may be a Gartley Harmonic in play. A short day trade can be considered. Trade on chart with possibility of a good RR ( >50 pips) .

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Silver is below all longer term Moving Averages and has a bearish bias . A short trade is on chart 1. Entry - retracement of latest swing down. 2. Stop - outside multiple resistance structures ( River, Swing High and Monthly Key Level, 100 MAV ) 3. Target - break of Demand Zone and formation of new lower low ( Fib 1.27 extension) RR = 3.

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The bias is to the downside with price well below the 100 MAV. Price recently has based around the 1.1630 and has seen a drop to 1.13. The next base may form around the 1.14 level. The RSI suggests that the Sellers are in control ( with momentum steadily travelling below 50 level) Short trade considerations on chart , with targets set by Fib extensions.

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Copper has crossed the Daily River triggering a buy consideration. We can see momentum shifting from the selles to the buyers , as price and momentum shift to the upside. Trade on chart .

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Gold has been rejected from the above Supply Zone and contained by the 100/200 MAV's. Look to enter short . The projected positional trade is for a 1.27 fib extension = 1625.

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The bigger picture is for the Aussie to continue to be under pressure. Price has moved into No Mans Land , but the bearish overtone and the nearby Sell orders has pushed the T Line (5ema) below both the Long Term Moving Averages (100.200 ) . The last 2 candles have been 1. Bearish Breakout of the River = which can trigger a short. 2. The next candle is a...

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This is an idea for the S&P 500 to make further movement to the downside. The Trade Idea is on chart.

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Here is a look at the GBPUSD that looks to potentially form 2 important intraday pin bars - From confirmed Supply to potential Demand. If this zone in the 1.17 bracket confirms support , then look for price to retrace to the Fib Midpoint. The trade suggestion is with the Major Downtrend and continued weakness of the Pound. Trade on chart.

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The US NAS 100 is in a corrective phase. On chart is a trade suggestion 1. Scale into position with equal lot size from the recent close up fib levels ( Sell Limit Orders). 2. Stop Loss - above the recent Supply Zone High for all positions 3. Target - the .618 extension of entries and just beyond the .786 Fibonacci for prior up swing. 4. Risk - set to max...

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The S&P 500 has been on an uptrend from the Major Swing Low of 3633 to a region of Major Supply around 4300 (from early May 2022). Recent Intraday movement has seen a corrective movement with a Lower high and Lower Low. On chart is an idea to Play a River Crossing Strategy. A single trigger is in play and confirmation will likely come tomorrow. The RR is set...

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The Euro has seen a sharp Drop following a protracted Base. The Demand Zone below is likely to offer Support and price will react. A bounce is expected as this would be a first touch and Unfilled Buy orders await. Considering a short from the bounce. The suggested trade is on Chart.

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GBPCHF expected to make a retracement back towards the Supply Zone. A short trade is suggested , which is in line with the HTF Downtrend. 1. Entry Conditions a. Zone - between the Fibonacci .618 and .786 and up against the 50 EMA. b. Directional Bias - look for MTF alignment of MACD to the downside. c. Momentum - check price has moved to the OB zone of RSI...

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WTI peaked in March 2022 around $130 . Since then price has made a Drop - Base - Rally. We are now again in a Drop Phase , with Price estimated to proceed to the Decision Point for the next major Demand Zone at $ 69. Trade is on Chart.