themarketzone

themarketzone

With broken trading channel, structure resistance zone and harmonic trading pattern, the zone between 1.97 and 1.98 is a sell zone according to my strategy.

themarketzone

I posted this pattern in my blog marketzone.tumblr.com since mid June. False break to previous top and now the price is currently below resistance zone. Towards the report, this pattern will be in focus (with bearish bias). Break and close below 440$ can be important sign for the bears.

themarketzone

$YHOO tested downtrend line as it entered its earning report last night. A break and close below 34$ could be bad news for $YHOO in the medium term (could lead to 30$) A break and close above down trend line will signal up-trend continuation with 37$ and 38$ as initial targets

themarketzone

The pair is holding current support zone (1.440-1.45 zone). As long as it holds and If we will see some bullish price action to signal possible strength, there is a possibility for a completion of the right shoulder of a weekly H&S pattern. The pair recently broke a daily down trend line Important level to watch 1.453 (possible confirmation level), 1.44...

themarketzone

Possible stop loss hunting action in $GBPUSD with that spike above 1.717 (top of resistance zone). Looking for a close below 1.715 for confirmation. 1.71 can be initial target level Structure base trade idea

themarketzone

The $EURUSD is currently facing minor resistance near 1.365. With Draghi showing up later on today, we could see the $EURUSD overcome this level and re-test the 1.37 major resistance zone. In that case, we have harmonic pattern completion near 1.368 which can be used as trigger for short entry for those of you who wish to open a bearish position in this pair.