I am speculating some consolidation before the continuation of current trend. While it corrects, prices can respect those channels on chart. If there is price spikes, it could perform a larger consolidation or even a reversal. Follow me to be up-to-date on BRENT. Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS...
On a 1H chart we have a bullish pattern (hour must be closed as is) Currently At daily pivot Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bullish PA patterns to begin with at 1.0570 "P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because...
On a 1H chart we have a bearish chart pattern (In case if the hour will be closed as it is of lower) Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with...
On a 1H chart we have a bearish chart pattern Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 120.55 "P.S.: Current short term analysis...
Short term intraday review of current possibilities On a 1H chart we have a bullish pattern Divergence with a current oscillator confirms the reversal pattern on a 1H chart, what gives support to momentum traders, and can possibly give a momentum to the price movement. Price is At weekly pivot However, I will look look for Bearish PA patterns to begin with...
Short term intraday review of current possibilities On a 1H chart we have a bearish chart pattern At daily pivot Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns...
Short term intraday review of current possibilities On a 1H chart we have a bearish chart pattern At daily pivot Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns...
On a 1H chart we have a bullish pattern Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to 1D Chart However I Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for a...
On a 1H chart we have a bearish chart pattern Price is currently at 61.8% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for...
Short continuation is highly possible. The price has retested it's resistance area and is closed an engulfing day after a spinning top. Critical Stop loss for a short entry is above 1.3000 level Price is moving towards the support are which is also a Gartley potential target. So selling with a target at around 1.1050 Turning to 1 hr chart I will wait for a...
EURUSD has broken outside the 1st standard deviation from weekly (120-h) mean amid expanding volatility, signaling a probability of a leg of weekly uptrend. Traders can take long positions close to the upper 1st standard deviation (1.1225 now) with stops at weekly mean (1.1175) Target is 100 pips off the 1st standard deviation - at 1.1320, with break-even level...
This setup is very similar to EURUSD. Nevertheless, GBPUSD seems more 'price-action friendly' than the Euro cross. The dollar correction has a daily target. If you zoom out the chart you shall see. ___________________ *For now on I'll reveal the money management of my trades. There are two major targets: the first one is at least double of the target two (the...
GBP/JPY IS APPROACHING SIGNIFICANT RESISTANCE AT 194.59, OFFERING A LOW RISK SHORT TRADE AS A DOUBLE TOP MAY POTENTIALLY FORM. PRICE ACTION PREVIOUSLY SUGGESTED THE 194.59 LEVEL WAS PROTECTED BY SELLERS, A REJECTION OF R1 AGAIN EXPOSES THE DOWNSIDE OF 190.97 (S1) - A BREAK OF THE SHORT TERM TRENDLINE THAT HAS FORMED WOULD ADD EXTRA CONFIRMATION OF FURTHER...
This is a close up at the late correction of USDCAD. I've identified as a 4th wave of 5 at daily timeframe, which is expected to go sideways for some moments. The entry is not aggressive as the projections leading price to the $1.35 in near future. Fundamentally it is quite possible as the recovery of the US economy and its 5-years-low-rate instigates a rate hike...
EUR continues to trade with high price volatility within its macro lateral range, defined in the related idea below. During a lateral market the best way to trade is to avoid betting on any kind of trends. Instead, it is more likely that price will continue to revert to its relevant moving averages on intraday basis (such as weekly and daily means, measured by...
POTENTIAL COMPLETION OF XABCD PATTERN ON AUD/JPY, WITH THE COMPLETION LEG FINISHING ON THE 0.382 RETRACE OF LONG TERM SWING HIGH/SWING LOW. A BEARISH REVERSAL CANDLE ON 30M TIME FRAME MAY ADD TO FURTHER CONFIRMATION OF SHORT TERM SELLING, WITH THE 91.30 HANDLE ACTING AS STRONG STRUCTURE RESISTANCE. DAILY SUPPORT ACTS AS A NICE POTENTIAL PROFIT TAKING AREA, SHORT...