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We have an even more clear reversal pattern poking its head (no pun intended) out here with the SPY. Price set a higher high, retraced, set another higher high, retraced, and is now forming a lower high (right shoulder). This is happening at a veyr critical 618 Fibonacci level amidst a fundamental environment that is astronomically negative. Watch for a break of...

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With the recent market rally over the last month or so, things seem to be lining up for a reversal and continue of the bear market from this world pandemic. We have a deep retracement up to the 786 fibonacci level. On this level, we have a rising wedge in an upward move, hinting at momentum slowing, consolidation increasing, and a reversal potentially coming....

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Beautiful Inverted Head & Shoulders pattern playing out here on the Daily chart. We now have a series of Higher Highs and Higher Lows as we enter an uptrend, with price trading above both SMAs. We've now pulled back to retest the neckline of our Head & Shoulders pattern, which is also an extremely strong level of support. Both SMAs are acting as support as well,...

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Price made an extremely wide-range bearish candle on Friday of last week, blowing through major support at 1.5050. this bearish momentum is likely to continue into next week, especially after breaking and closing below such a strong level. We are in a downtrend setting Lower Lows and Lower Highs, with price trading below both the 20 and 50 day SMAs. We want price...

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Price has now changed major trend direction, setting a new Lower Low and retracing back to resistance this week, making a Lower High. This resistance was very strong support that was broken, and also falls right on the 618 Fibonacci retracement level. The 20 day SMA is also acting as overhead resistance on this level. We are waiting for confirmation that this...

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This setup is different than my typical trend-following style of trading. However, we have a very nice risk-to-reward setup here with EURCHF off a major weekly level. Looking left, you can see each time price has approached this level, buyers stepped in and shot price higher- and I'm talking 200+ pips higher. This week we will be looking for the setup long off...

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CJ has broken a major support level at 82.50 and closed Friday with a massive bearish candle showing an influx of sellers entering the market. Oil rejected $60/ barrel weighing down the CAD while the JPY had one of the strongest performing weeks in a long time. We've now set a new trend-changing Lower Low breaking structure, price action is below both moving...

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This week we had a bit of a shakeout with AU as price chopped around up and down all week. However, this week price action looks to be showing us sellers are now in control and ready to move price lower. We have tapped the Weekly trend line and threw a massive doji pin bar candle on the top of the wedge pattern. Friday followed with a bearish engulfing wide-range...

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Check the post on Instagram core.fx

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EU is still respecting this beautiful downward trend channel, identified with the red trend- lines. We have now approached the top of the channel again and if you look back to the last 3 times price touched the top trend-line, you can see the strong sell-off that followed the next several days. We have the 20 day SMA acting as resistance while the 50 day SMA is...

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AU has been respecting a very nice chart pattern as well- this one being a wedge pattern. This is a falling wedge within a downtrend, which is a bullish trend reversal pattern. Essentially, I anticipate another lower move this week before breaking the pattern to the upside and heading back to .7100 resistance and weekly trend-line. This next move lower would take...

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As you can see, this pair continues to be on our radar- and once again is in the spotlight this week. Price has done EXACTLY as we anticipated last week and now looks ready to make a push higher. We had a perfect break and retest of prior resistance turned support at .9100, getting a bullish engulfing candle close on Friday off this level. Price my pullback a...

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Price set a Lower Low two weeks ago, and this week has now rallied up to set a Lower High on prior strong resistance. This resistance at .9450 has rejected price multiple times, and now looks ready to continue the down trend with a push lower. We have a bearish engulfing candle from last week that tapped the 50 Day SMA, while also hitting the strong Daily downward...

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It looks like we have finally made our clean break and close above strong resistance within this range-bound market. This pair has been trading between .9100 & .8900 since the start of the year, respecting these support and resistance levels each time price approached it. Now that we have broken and clearly closed above, we can expect a strong rally in price up to...

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Nice risk to reward setup here with an AU long play off a strong Weekly Support level. Price hit a very strong support level while range-bound for the last several months. We saw a nice Bullish Engulfing candle off this zone on the close of Friday's candle showing buyers have entered the market at this key level. We now will watch for a break of the resistance at...

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We have a beautiful inverted Head and Shoulders pattern here on EA playing out. This week we had a strong break & close above the neckline of this pattern, which is an extremely strong resistance level we can now look to act as support. Price is setting a HH while trading above both SMAs as well. This pair has a nice potential to move higher this week, though we...

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Finally- I think it is time to say this pair looks ready to fall like a rock. There has been a lot of manipulation on this pair with false breaks higher and lower, trapping traders both ways. But this week we have the 50 Day SMA holding price underneath it, rejecting buyers multiple times this week. We have a Gravestone Doji followed by a Shooting Star bearish...

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WTI has found a nice resistance level here underneath $58/ barrel. The weekly chart shows us a nice rejection of 382-50% Fibonacci level with a bearish engulfing pattern, totally engulfing the prior weeks price action. The Daily shows us a nice Double Top pattern as well off this level, with a Daily Bearish Engulfing close this past Friday. I am not calling for a...