That would be nice if we see a consolidation before thinking of a long position. I am biased on a bullish movement, but the support can be broken triggering a "C" wave. Happy New Year. ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private Message, Email...
Short term projection is about 100 pts lower and a retest of the pennant, whether the mid term resolves in a head and shoulder or a break out of the month long consolidation remains to be seen. I tend to lean lower.
Prices may play nicely. If you like these charts, please click "THUMBS UP" Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS and get 30 days free-trial. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
Market has a chance of filling this gap that has been created recently. If we can see a 15 mn candle close above the resistance level then we can go long on this trade. DO NOT GO LONG IF PRICE DOESNT CLOSE ABOVE 207.71. Keep a tight stop just below the entry price and make sure to exit in the rectangle.
I am speculating some consolidation before the continuation of current trend. While it corrects, prices can respect those channels on chart. If there is price spikes, it could perform a larger consolidation or even a reversal. Follow me to be up-to-date on BRENT. Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS...
On a 1H chart we have a bullish pattern (hour must be closed as is) Currently At daily pivot Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bullish PA patterns to begin with at 1.0570 "P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because...
On a 1H chart we have a bearish chart pattern (In case if the hour will be closed as it is of lower) Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with...
On a 1H chart we have a bearish chart pattern Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 120.55 "P.S.: Current short term analysis...
Short term intraday review of current possibilities On a 1H chart we have a bullish pattern Divergence with a current oscillator confirms the reversal pattern on a 1H chart, what gives support to momentum traders, and can possibly give a momentum to the price movement. Price is At weekly pivot However, I will look look for Bearish PA patterns to begin with...
Short term intraday review of current possibilities On a 1H chart we have a bearish chart pattern At daily pivot Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns...
Short term intraday review of current possibilities On a 1H chart we have a bearish chart pattern At daily pivot Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns...
On a 1H chart we have a bullish pattern Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to 1D Chart However I Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for a...
On a 1H chart we have a bearish chart pattern Price is currently at 61.8% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for...
Short continuation is highly possible. The price has retested it's resistance area and is closed an engulfing day after a spinning top. Critical Stop loss for a short entry is above 1.3000 level Price is moving towards the support are which is also a Gartley potential target. So selling with a target at around 1.1050 Turning to 1 hr chart I will wait for a...