1. We have reached the HIGH of the DAY and there is a SUPPLY ZONE
2. SInce we are at the HIGH we are looking for sell opportunities
3. We have CP price action towards our SUPPLY ZONE
4. TP should be at the end of CP
this pattern started off as a Bearish - Shark Pattern but as you can see PA came to the .618 and is now starting to reverse and head the other way. These 5-0 patterns are rare and not often completed as the shark pattern continues in its intended direction. The Shark Pattern was completed with PA reaching the 618 of the pattern but if this candle closes as strong...
So, here on the dollar Loonie we have a bearish Shark Pattern. We currently have price in a decent area of resistance and both of the oscilators are in an extereme area. the reaction will happen fast. i will probably miss this pattern as the move will probably happen in the london session. Careful of PA making it to the 50 of the pattern it has the potiental of...
Here on the Aussie Dollar we have a bearish gartley pattern. i would be surprised if this pattern moves today as the 10Y bonds are having a weak day, and the dollar is weak against some of the exotic pairs like USD/MXN. Its hard to say if you're looking at the Rubble as its having a rough day too. I'm not in the "know" on Russian news. So, again I would be...
Plans for a swing trade on NZDUSD. Waiting for confirmation on my ellipse for potential sells from that supply zone.
Potential double top to look out for as well.
Hello Fellow Trader!
Great risk to reward play forming on AUD/CAD with AUD looking to strengthen against the USD as the Iron Ore price strengthens and oil dropping effecting the Canadian Dollar.
Key Points:
- Price crosses September trend line
- Consolidation above trend line
- We have the 21 EMA crossing above the 50 EMA
- Price sitting on 38.2% Fibonacci...
Probability of price breaking away from the purple range (highlighted on the chart) by 600-980 pips is >85%
Note: Grey lines are anticipated pivots to instate the big move
Do you have the answer to that equation on the chart?
That's usually how I find as many technical reasons as possible to identify a trade that I will not regret making.
The dollar is near the bottom of its major range at 94.4, commodity currencies have proven to be weak as well.
So shorting NZDUSD is quite a safe choice and given the fact, the price has retraced...
Hi Traders,
If we will see a support breakout, this could be a clear bearish signal in short term.
If you think this analysis can be useful, leave a your comment or your LIKE!
Thank you for support and trade with care!
We observe a tug of war between buyers and sellers near .7280 -.7310 area, here lies the confluence resistance, channel bottom line crossing the down trend line.
1- RBNZ rate decision may give the direction cues.
2- Longer term down-trend is still intact with resistance @ .7740 handle, but since Aug 2015 kiwi showing resilience against greenback.
3- we have...
![XAUUSD: [GOLD] POTENTIAL PULLBACK IN SHORT TERM](https://s3.tradingview.com/x/xKcoBZZf_mid.png "[GOLD] POTENTIAL PULLBACK IN SHORT TERM")
