Bullish Scenario - Aggressive C EURUSD holds above support: 1) The Fast MA line 2) 1.17-1.175 structure As long as these support zones holds - Bullish scenario: EURUSD will rally to 1.2 to complete a bearish harmonic pattern Bearish scenario (AB=CD pattern) As long as the 50 MA line holds as resistance.... potential downside that will lead EURUSD towards...
Wait for the pullback at 1.1154 SL 1.1139 Risk 1% entry: 1.1154 Target: 1.1190
Three bullish signals were provided last week by $XOM price action: 1. Stock was strong despite bearish market sentiment. 2. The price re-tested broken channel and confirmed breakout by bouncing from channel's top. 3. The price closed above the 200 SMA line If indeed the markets will turn positive, as $SPY chart suggests, $XOM may be headed for 20$ run towards...
81-82 is a weekly buy zone for $CADJPY that already generated impressive 500 pips rally the last time I traded it. After it was rejected by the 200 days MA line, $CADJPY is back near the support zone but now it is above the broken downtrend line (red dashed line). Those who seek bearish opportunities may look at the potential Head and Shoulder pattern (blue...
Potential short term bearish trade - Aggressive C sell entry for a bullish AB=CD pattern. Price must remain below the 61.8 Fib level and the hourly 50 SMA line. First target - 2065 Final target - 2058 The bearish setup is inside a broader daily bearish setup I mentioned in my Weekly Markets Analysis newsletters - Read more about $SPX and other trading ideas ...
$CADJPY's weekly chart shows us that last week this pair failed to break below a major weekly structure zone (81-83). This structure zone (now support) managed to keep $CADJPY above it for almost 2 years between 2009 and 2011 (see blue arrows). If this support zone will hold, we have potential aggressive C entry in what could turn out to be a weekly bearish...
Bull Gartley on DAX 1HR with an Aggressive C sell due to a deep B-C leg. Nice D completion around previous structure but there is a large risk zone from entry to X. I would like to see the D leg push a bit deeper into the PRZ (If it gets there at all!) as this will reduce risk and a potential re-test of the X close.
Just like in $AUDUSD (see linked idea), $AUDJPY also shows potential upside towards AUD rate decision. The setup - Aggressive C entry in a bearish Bat. Stop loss below X (or at least below C) Potential targets - 87, 89, 90 and 91. Notice the strong resistance zone near 90-91. This is the final target level for this setup and potential short term sell zone that...
1920 is the nearest daily support zone. 1950 is now resistance. There's potential bullish aggressive C entry here if $SPX will close about the Fast and the 50 SMA lines. 1945 is nearest target level for short term traders. 1965 is the next target Final target for this setup 1972 - Completion of bearish Bat
Coming into Tuesday we have an at market cypher as well as a longer term bear gartley. Lets see were this trade goes. Good Trading Guys