Small counter trend opportunity on the lower time frames on the EurGbp, coming off a decent resistance level and massively overbought on the RSI we can see some relief, conservative targets taken as it is only a relief trade,
NzdJpy reached a good level of support with actual room to go higher. Also on the 5 minute we have a head and shoulders setting p, still early but definitely something you can look to ride up then even down for the retest.
Small counter trend opportunity on AudJpy, quite a few inside levels of resistance to be wary of but possible to go higher. If we reach that target zone, I would look to short down for a retest of the lows following our impulse with decent strength shown on the RSI. There is also a decent pattern formation on the 5 min with a double bottom followed by a bullish break.
Price has dropped down to a support level as shown by the horizontal trend line. this support level is based off a higher time frame from what is on the chart. I have also taking my RSI indicator reading into consideration which all let to this BUY for me.
AJ is currently rejecting off of a Supply Zone. Our CTL (Counter-Trend Line) had a 4hr break and retest. MA's have crossed over as an added confluence. Just waiting on a 4hr bearish engulfing before going short.
long time no see. Here i am with a new simple analysis: as you can see there's a Gartley pattern on the hourly timeframe of this chart (CADCHF), and i've already entered the market long. Be careful because this is a counter trend trade and it's riskier than other ones. Always put your stop loss when you're against the trend.
If you have questions/ideas,...
GOLD is approaching support ( andwe have a harmonic Cypher pattern already completed on the Daily Chart)
I will wait for some kind of reversion and a reason to enter at 38,2 fib retracement and 161,8 Fib Extension on the 4 Hours Chart
Gartley and Cypher harmonic pattern on GBP/JPY -
Last Friday I already submit this possible setup
- RSI divergence at 30 min, Over Sold and a falling wedge at 30 min chart is the reason for me to enter on this trade.
Possible Bullish Cypher on USD/CHF (for me the the most annoying pair)
Cypher Harmonic Pattern
161,8% fib extension
50% fib retracement level
On the day chart price is approaching the 200 EMA
EUR/USD negative correlation with USD/CHF is approaching the 1.1450 price, we can expect a pull back to.