Captain_Maj

Captain_Maj

GBPCHF has been consolidating for majority of the year - Last couple of months - price has been unable to find acceptance between 1.27-1.28 at the top end of this higher timeframe range - price currently is trying to break back into this area - IF we can finally find acceptance - look for any small buildup near the 1.28 highs to precede a break of bigger structure...

Captain_Maj

The Russell 2000 has been in a year long consolidation pattern - w/ price finding supply above 2315 & demand below 2165 - We are currently opening the month inside last months & last quarters value - which makes price action neutral at the moment - BUT price held up well durning this latest equity selloff showing some relative strength & a possible short term...

Captain_Maj

Majority of FX cross pairs have similar formations - but especially w/ CAD pairs the levels are very clear - Watching CADCHF closely as we open this week at the top of last weeks range and at the highs of last month - EURCAD held the neckline break & we saw nice follow through last week so lets see if a similar move plays out on the CADCHF - Use overnight lows as...

Captain_Maj

GBPCHF is nearing that bottom of an extended higher TF range - for now it seems like a potential higher low might be in store & if confirmed should send prices back to the top of the range - Zooming in we have a double bottom and a nice potential bottoming formation and buildup taking place over the last couple of days - a break above this b profile forming for...

Captain_Maj

We are seeing a small buildup in price on BTC on the lower Tf - this could be a potential reversal OR continuation pattern but either way worth watching closely - Price is currently holding above this years demand volume area which if held should be a great spot to maintain upside momentum with possible retest of the highs in store - Wait for break & confirmation...

Captain_Maj

We are ending the quarter with a strong dollar flush to the upside - with price spiking on no volume signaling liquidation of dollar shorts - On the higher TF price is testing major selling zone & resistance & moves like these can witness strong one way reversals if not backed by higher TF conviction - Therefore watch for reversals on specific dollar pairs at the...

Captain_Maj

Majority of FX cross pairs are showing similar patterns - by looking at some CAD pairs we might get an indicator how things might unfold. In particular - CADCHF & EURCAD are currently retesting neckline breaks that are significant - Watch closely if we get follow through here as this move will set the bias heading into next month & for the overall sentiment in the...

Captain_Maj

Keep an eye on USDCHF as we kick off this week - we are currently at an important resistance turned support level - strong buildup early month which translated into a breakout which was faded immediately. Price is currently forming a smaller buildup at support - break of this should set the bias. A break higher means price came down to refuel and new highs...

Captain_Maj

Despite small correction this week on indices - NL25 is back retesting all time highs. Watching closely to see if we get another rejection at the highs going into next week... We have a sort of buying climax - selloff & secondary retest going on - so a rejection should send price at minimum of retest of those last lows but probably slightly lower - probability of...

Captain_Maj

Gold does NOT have a clear bigger formation (in my view at least)...short term though, its clear sellers have been in control with distribution phases followed by quick squeezes to the downside..this last move that took place seems to b running out of steam and a lot of negative bias is out there - this is a possible scenario that can play out - and as price...

Captain_Maj

No short term continuation took place yesterday - instead we have some countertrend moves taking place and some very important levels being tested. USDCAD & EURCAD have clear formations and levels but all four should pretty much move together. Holding here sets up another spike higher while breaking these levels should open for larger structures to be tested...

Captain_Maj

Smaller timeframe buildups forming across CAD pairs...if these playout as continuation patterns, possibility of a spike towards new highs/lows should be coming. Failure to continue higher would signal a major reversal in trend and a high probability of returning to the yearly highs in CAD against those currencies. Watch & see how it plays out!!

Captain_Maj Updated 

With a start of a new quarter..keep an eye on the FTSE 100. Price has been consolidating since the start of the year, trading inside value for '21. After selling off early in the year, price is back retesting 6800 yet again. A break above would be a very bullish signal, with continuation towards yearly highs a good possibility. We are currently opening near last...

Captain_Maj

Along the same theme of NZD weakness, nice pattern with clear levels forming on NZDCHF. We hd a nice rejection and drop above Jan & 2020 highs, and this morning retested the break level. Using 6455/6465 as a bias line, looking for a drop back to last weeks lows, and a break from there to open the way much lower towards Jan VAL, and possible a deeper correction...

Captain_Maj

Seeing some overall weakness starting to come in across NZD pairs. With NZDCAD, we have been trading near 2020 highs since start of the year. We were unable to hold break above, and now possible weakness and retracement back to some earlier demand areas. On the H4, we see a rejection above Jan value area, and a sort of H&S (double top) formation taking place...

Captain_Maj

Ugly start to the day on #GOLD. We broke below last weeks lows after a lengthy consolidation. We setup a tight b profile for Jan, and now having broken below, sellers in clear control till price can get back inside value. Therefore unless price can get back above 1830 at least, big downside risk. A lot of interest around 1750, but dipping below 1700 is also in...

Captain_Maj

Been following CADCHF for several months now, as Daily chart showing big consolidation volume box thats bound to break. Over the last couple months alone, price has been rejected above 0.6990 many times. Will this be the time we finally get follow through. This week has started with strong demand, pushing price higher with little pullbacks (was hoping for an IHS...

Captain_Maj Updated 

Oil has been consolidating for a couple weeks, posting tight profiles for Jan and last week. We are seeing some positive demand come in early this week. With price getting rejected several times above value last week, a move back above and acceptance would b a bullish sign that a retest of the highs is in. Whether we break from there and head higher towards 55,...