Here we can see the current A-B boundary from the Daily TF is Bearish...we can see the C pull-back has been a nice 50%. I favour and work most technical off the 2H TF and the A-B boundary here is also Bearish...we can see the C pull-back has been a nice 38.2%. Now here is the ugly bit (LOL) as we can see price is currently stuck in consolidation and the pennant...
GBPSEK Forecast as on Feb 25th 2015 which is trading near the range of 12.88670 current prices. This pair has a resistance around 13.02400. We look to take a sell positions in the pair around the cmp of 12.88700 till 12.91950. We expect the price target for the same dropping till the levels of 12.75200 in quick session. This pair has another resistance near the...
EUR/GBP Today Feb 24th 2015 Trading near the range of 0.73300 near its all time lows. We expect EUR/GBP to make a base the levels of 0.73050 till 0.72850 should should act as a good support in short term. So we shall make a part buy near the first range of 0.73060 and next near .72900 if we get for a target of 0.73890 and 0.74400. This pair is trading at its low...
Okay so the chart you can see has a fairly steep channel and that's probably what you've noticed first. However, let's look at the wider picture. The downtrend has been in place since the 5th December 2014. On the 28th of December we saw the trend take shape as the lower-high formed a trend line with the 5th Dec. price. On the 2nd of Jan we saw the price come...
Some good support and resistance technical levels with an ascending channel formed with three highers highs and three higher lows. The triangle which started formation in January recently broke out but met resistance at the current ascending channel. Therefore, we should see a bullish bounce either at the next support level or at the triangle cradle; where there...
Here is the weekly ABCD long term swing...Since the 86% FIB retracement formed a strong level of resistance price has since dropped through the floor heading towards several major levels of support. Firstly, the B low will act as a substantial support level; followed by the pivot yearly low of 2010; finally, settling at the 118% D extension target, which adds...
The Next Best Demand Zone for Brent Crude Lies in 51 area So we should not be expecting any big retracements in current down trend before that.
I have spotted an uptrend. I can draw anything on chart and i can even set an alert on an oscillator. I would like to go long when CCI is oversold (the pullback in an uptrend) to maximize my profit on an uptrend. This is a very useful features for me :)
EURUSD is on a super long down trend, and this might play out from today till the end of the week with Draghi on the wires in a few minutes. I'll take a 2nd short position on the break of 1.2480 level, looking at 1:1 RR, then would adjust accordingly to 1.2244 as final target, will re-look when hit. i'm already short from London's open at 1.5387 Good luck all.
I have always studied and monitored price action against Fibo levels and providing the markets trend and do not reverse the myth of Fibonacci works for me... Here is a daily chart showing the recently completed ABCD pattern...A - B boundary completed and a C shallow pullback correction formed. This offered an extension target at the 1.618% (1.24978)...notice how...
The EURO is currently sat on several major support levels; Daily TF A - B swing C pullback halted today at FIB support 88.6% which concurs with previous structure lows and whole number 1.2700. Looking for buy signals on smaller TFs to pick off bullish corrective price action
During the close and opening times, especially relating to the Sunday Open we can often see a gap in price and more often than not price comes back and fills the GAP. Here's the 84 pip gap on the EURGBP being helped be all the discussions, fear, etc of a Scotland's breakaway from the UK.
Shark pattern lining up with historical support. The pattern also fits well within a regression channel. The Shark is not my favorite harmonic pattern because it deals with 3 possible entries at the 1.13, 0.886, or 1.618. High probability of reversal is showing between the 1.618 & 0,886 retracement. Let's see what price...
$CBS finally gapped down into Target 1 of the gartley pattern after putting in a pin bar at 1.27 ext & rejecting the 0.786 retracement price level. We have a bullish Cypher setting up with an amazing support line dating back to Septemeber '13. Our PRZ will be at the 0.786 retracement level at pice $57.26. In the mean time, enjoy the bearish gartley while it...