Here I have EUR/USD on the 4Hr Chart! Since the LOW on Apr' 16th, Price has been traveling in what looks to be an Ascending Channel! Price today was unable to make a NEW HIGH to give us another test of the Rising Resistance and instead gave us quite the drop out of the Ascending Channel! With this break, I believe multiple confirmations are pointing to this...
Here I have GBP/USD on the Daily Chart! After our New High since August 2023 @ 1.28938 , we've seen Price decline quite drastically! In fact, we were given a NEW LOWER LOW on Tuesday @ 1.24052! Now with this Low having been created after our Lower High @ 1.2708 (Point B), this Price Action breaking our previous Low @ 1.25394 CONFIRMS my prediction that we could...
Here I have USD/CHF on the Daily Chart! Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23. This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move! Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to...
Here I have the DXY on the 4Hr Chart! For the past 2 weeks, Price on DXY has been steadily falling! With our Highs and Lows marked, we can see that Price is outlining what looks to be a Descending Channel! If price continues to follow down this channel, I suspect that the ( 105.53 - 105.025 ) Support Zone will be the area price will Most Likely find support to...
Here I have AUD/USD on the 1Hr Chart! Price has found quite a Support @ .64848! Not only that, but we have 2 Clear Tops and price is working on a 3rd!! If price is unable to move any HIGHER than this Resistance @ ( .65296 - .65246 ), I suspect price will move back down to the Support or "Neckline" and with that, will have completed a VERY STRONG reversal...
Here I have EURJPY on the Daily Chart! Currently you can see price back up at the Resistance Area of ( 164.3 - 165.3 ) after having tested the Rising Support 4 times with each time successfully having Strong Bullish reactions ... this Price Action has formed what looks to me to be a Bullish Triangle Pattern! Fundamentally, there's a lot to unpack but with JPY...
Here I have USDJPY on the Weekly Chart! Price has been meeting all the criteria since its LOWEST LOW recorded @ 75.565 in Oct. 2011 to have then started what looks to be a Correction Wave (ABC). *This Low also seems to have been the completion of the 5th Wave of the Impulse Wave since UJ hit markets in Jan. 1971!! On the chart you will see that we have continued...
Here I have AUD/USD on the 1Hr Chart! Our two current Lows @ ( .9498 ) on Wed. April 10th and ( .9456 ) on Fri. April 12th show an interesting underlying story when it comes to our indicators! 1) Looking to the RSI and comparing the Lows to Price on the chart, we can see that the RSI is showing a STRONG Divergence meaning Price could potentially be looking to...
Hey everyone!! Here I talk about USDCHF and give a little update on my Trade Idea "Last Leg To The Finish Line" Since it went over so well and continuing to follow suit, I wanted to do a Video Update on the idea to give a little insight on what I was seeing as the pair unfolded for the year and what I'm looking for in the near future!! Please let me know what...
Here I have USD/CHF on the Daily Chart! I am waiting for price to Retrace to the .87577 - .87379 area for a potential Buy Entry!! If price finds support here, I will be looking to place a SL @ .86786 with a TP @ the .91913 - .93426 range!
Here I have USD/CAD! On the Daily Chart, we have Higher Highs into Higher Lows forming what looks to be a Rising Wedge! Now on the 4Hr Chart I have an underlying Support Zone that I suspect price to test and bounce up from to test the Bearish Break of the Rising Wedge and if it holds, could continue lower!!! Strengthening my Bearish Bias is the Daily RSI High's...
Here I have DXY on the 4Hr Chart! After DXY's failed attempt to rise into the 105's we seen quite the Downslide! I believe we are witnessing a Correction Wave given that Point A was BROKEN after the failed attempt to go HIGHER AGAIN at Point B! NOW, with our LOWER LOW @ 102.358, we are seeing Price Retrace into our Fib'd Golden Zone @ ( 103.211 - 103.097...
Here I have AUD/USD on the 4HR Chart! Last Week gave us a great Break of CONFIRMATION for this Correction Wave Setup! Price has already visited our Fib'd Retracement off of the Current HIGHER HIGH @ ( .65949 - .65838 ) and is holding nicely!! I believe price will continue with the trend and PUSH HIGHER to our Target Range @ ( .67238 - .67820 )
Here I have AUD/JPY on the 4Hr and Daily Charts! Daily Chart- -We see Price outlining a Rising Wedge and with this the First inclination that we could see Price push down further is the Bearish Divergence shown as the HIGHS on the RSI indicator suggesting Bulls could be losing Power! -The High created on Feb. 23rd was followed by a STEEP decline in price!! Much...
Here I have EUR/GBP on the 4 Hr Chart! On Feb. 26th, EG had made an IMPRESSIVE Double Bottom Pattern @ .85281 and has been stretching HIGHER! Zooming out to the Bigger Picture you can see there is an even STRONGER reversal pattern possibly at play getting ready to complete!! -The Inverted Head & Shoulders! With the NEW LOW @ .84981 on Feb. 14th, followed by...
Here I have EUR/GBP on the 1 Hr Chart! Price had made two very equal lows on the chart but closer look on the RSI indicator and you can see Price really is losing is Bearish influence and is looking to possibly go Bullish!! This strong reversal pattern called a Double Bottom makes me believe we could see Price push Higher after it broke out CONFIRMATION of...
Here I have EUR/JPY on the 1 Hr Chart! The HOT news on French PMI Thursday Morning followed by the Not-So Hot German and Manufacturing/Services PMI readings began the formations of a strong reversal pattern called a Double Top! The mixed PMI results for USD seemed to ease Euros' decent BUT With 2.8% CPI and talks from the ECB of "possible Rate Cuts in March",...
Here I have the DXY on the 4 Hr Chart! After continued talk about "Higher Rates for Longer" being the leading case in when exactly Rate Cuts will be coming into play for the USD has really shown its reasoning with the HOT print for USD CPI y/y and m/m coming in 3.1% and .3% contrast to the forecasted 2.9% and .2%!! This Week: Feb. 18th 2024 - Feb. 23rd There...