CADCHF is still trading in channel. The 833 level seems to be a strong res. PA is currently trading at 835 levels and still no strength to make new highs. With nice RSI divergence a ret. to 8284 or 824 should happen soon.
Looking at H4 a possible H/S pattern formation which could break wedge bearish (wedge lower boundary TL acts as neck line). Currently in play the small bearish bat. However, in case of a bullish wedge breakout, 2 bearish patterns awaiting at 709 (butterfly) and at 7127 (crab)
EU came very close to 35, but bounced back and looking for correction higher. If EU breaks the 366 where a bearish bat completes the next hurdle should be at 37 handle. Slightly above 37 levels to watch for short are 372 (2 bearish patterns) and much higher at 378.
Tuesday brought news concerning VRX's plan to takeover AGN which saw a noteworthy spike in volume and price today. Prices faded into Monday's trading range creating an Inverted Hammer near major support. With the price action movement, we saw the mac-d histogram make its first higher low over this last leg down along with a bullish cross coming from the...
After taking short on the small shark lvl1 pattern, who is still in this short can hunt down extended targets. Consideration for longs should take place @2178, @2177 and @2171. Stops go below 2162.
This pair has a very small ATR, but respects fibs and harmonics very well. Trade big lots mates.
Monday brought a bounce off of the 1.128 extension to form an Harmonic 'Alternate' Bat Pattern. I would look to get long the stock at the Monday close price with stop loss tightly below the lows of Monday with profit target just in front of the next resistance level. We also have a stochastic cross along with bullish momentum divergence on the mac-d histogram....
This is a repost of my initial chart due to price having taken a few weeks to get down to the 'D' point area. I would definitely leave some room for any stop losses under that 'XA' leg in case price tries to retest the shelf its been bouncing off.
Again, I'm looking to get long around 61.30s to not miss the move. I would expect a retest of the B point, but I will...
**WT +199 Pips**I am looking for a short side play that will end in an advanced pattern completion near 170.500. Something has got to give with this wedge reaching its peak pretty soon. Waiting for a catalyst to send GJ either to may stop loss or profit target.
Bullish Bat Pattern on TJX if price reaches 56.63. We saw increased volume on the advance of the 'XA' leg and lower volume behind the decline to pattern maturity. There also is bullish momentum divergence from the last swing point within the 'D' leg of the pattern to where price is currently.
There also seems to be a rough bat pattern behind this pattern that...
Bat Pattern Long along with some bullish momentum divergence for CCJ. We touch the 886 3 days ago, but today might be an opportunity to jump in at a good price if you missed the first touch.
We saw increase volume at the 'XA' leg and lower volume through the maturity of the pattern with increased volume at the .886 level.
I would like to wait for a retest of...
I posted the Daily chart a couple days ago; here is the weekly chart which is a bit clearer for people.
Again, I'm looking to get long around 61.30s to not miss the move. I would expect a retest of the B point, but I will usually just stick with a 1:2 R/R and move on.
Volume saw increase during ascent of the 'XA' leg and fell off during the decline and maturity...
Coming off 52 week highs for the identified 'XA' leg. 37.50 is clean support on both daily and weekly charts.
There is also very nice bullish momentum divergence seen on the Mac-d histogram.
Enter Long just in front of the 'D' point at 37.55
Stop Loss below 'X' point around 36.60
My initial Profit Target will be 38.75 which should see resistance with second...
**WT +144 Pips** An advanced butterfly pattern is very possible now that price has had a close above the B point. There is an abcd pattern that did not see a completion and with the give waterfall drops that have been going on in EURJPY a short would be the best play I can think of in this pair.
Bearish butterfly has been formed. PRZ is tested.So if 96.420 won't be breached we can experience downside move to 94.07 (TP1 and 38.2 retracement of CD leg), 93.0 (TP2 and harmonic B point)
