GBPUSD could go either way, although the long-term trend is to the downside but one should not rule out a move higher. As traders our role is not to GUESS what the market will do, rather it's to recognize what the "smart money" is doing and simply ride their backs. With that said we will be ready to take a swing trade in either direction. We want to see a close...
This pattern will be up and down due to the GREEN TREND LINE AND SUPPORT. Once candle stick breaks the 1.43495 price will keep going down. very high probability that at .618 on the fib retracement. Price will bounce back up!!!
Very strong symmetrical triangle formation. 6 hit points getting closer and closer as the market approaches the apex - good sign for a strong breakout. By the upside, sell the downside. Profit targets indicated by the horizontal green lines.
Gartley (blue triangles) has completed with profit targets as indicated by the green lines. This could potentially run into a completion of a cypher pattern . Sell the Ibovespa now, and if it reaches there, buy at 40,000.
Aud/Jpy 1H Chart This pair has been ranging for a while now. Price has been battling resistance around 82.000, at least 4x and has also created a triple bottom (4H) overall these are bullish signs. If price does push past this level and then retests it will be time to buy. But not to forget that we have formed a double top. To complete the bearish move we have to...
Monitoring support at 1.1070. • EUR/USD keeps on pushing lower. The short-term technical structure suggests a further bearish move. Hourly support at 1.1070 (04/02/2016 low) has been monitored. Hourly resistance lies at 1.1260 (10/02/2016 high). • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is...
There are a number of ways this trade could play out: 1. Triangle and long-term resistance breaks at touch point 7 of the symmetrical triangle. Would place an initial profit target at $34.80 and then at $38, and if this target was reached I would consider holding this position for a prolonged period of time. 2. Triangle breaks at touch point 6 to move into a...
Technicals Here we have a Gartely pattern (shaded grey) that suggests a mid-term rebound. From the blue Gartely pattern, we can expect this rebound to last into the $36/37 region, where we can then short the market due to this bearish pattern. Fundamentals The oil market is in quite a confused state at the moment. Supply and demand dynamics suggest no return...
For the next 16 days: Bullish $5.70-6.60 Bear 7.29-6.61
We might get a short or a buy. Either its gonna be a big move.
Look at the chart and it says everything. 1. There is a H & S pattern, neckline is broken. 2. ABCD pattern is on its way to finish. Entry: 3. Go short on retest of the H & S neckline 4. Go long at the completion level of ABCD pattern -- Avto_T Financial Analyst www.rcpforex.com
As we know, today the market dropped incredibly in according to the Asian markets. We have been playing off the same trendline support for the past month and a half. Every time we come down into the region we form either an inverse head and shoulders or cup and handle as our reversal pattern. This time we formed a cup and handle pattern. Usually during reversals,...
Looks like we could go either way here. Still a way off, but these are on my radar.
Target 1 = 1.1068 Target 2 = 1.1252
GBPAUD is consolidating in the range of 2.0870-2.0950. Traders should anticipate a breakout on this pair given the upcoming news catalysts for Aussie. Tomorrow we have RBA rate statement and decision, and on Wednesday Trade Balance data is released. This should be an interesting week shaping up, ending with NFP on Friday.
I'm waiting on further confirmation for this pair. Overall trend is down, could we be accumulating for a big move down into D extension?
After uptrend confirmation at (2) volatility increased. On backtesting buy the pullback or sell the breakout.