What can I say, interesting breaking levels to watch. The next level to watch is 1.31592 . If we stay above it, then the next level is 1.31911 . If the first level won't hold, then looking for some sell-off as it is forming a pennant with a flag pole. But if we break the 1.31911 to the upside, then we will probably break the previous highs. The only thing I can...
For those who are interested in something more exotic, then this is pretty looking chart. I have done some analysis on it previously, where I identified the channel, but thought that it will break it and continue the downfall. Still ended up in profit, by shifting my stops. In this situation, I think that there is a good chance for this pair to retrace at least...
This almost symmetrical triangle is ready to break at some point soon. I suggest that you wait for a break, let the 4h candle body close outside the triangle and then enter a position. If it shoots too high or too low, then wait for it to do a bit of retracement and then jump in. As always, keep an eye on the price action.
This doesn't happen very often, but it seems that it wants to form a Bearish Tri-Star formation. I might be wrong, but sure looks like that. In theory, this would be ideal for that. Today is Thursday, the Dow could close with another tight range and then tomorrow, sell off during the NFPs. Great scenario. Works out perfectly... in my head... I recommend to stay...
We had a really good sell-off yesterday. If you managed to catch it, then great, but if not, then I think you can still catch some more selling, as I think that this will be moving higher. Could be a possible entry right now for a SHORT, or you could try and see if it will retrace back to the 100 MA and then fall off. But let's see what it does. I believe, that...
I believe that this could just might work out... We are at this interesting level, where on the Weekly chart it has slightly jumped over it's 100 MA. Now, if institutions will want to push it till the psychological 1.20, then a break and close above 1.18455 could mean that this pair isn't ready to give up. I am leaning more to the downside to re-test this steep...
I like this formation. The Bearish Falling 3. Now, I think, if this definitely will be the case, then today it should still form the last positive candle and then tomorrow, maybe, we should see some good signs of weakness. Gold has also formed a bearish formation on the Daily and we know, that these like to walk closely with each other. So my view is more for...
Remember the pre-2015 levels? The uncapped by the Swiss Central Bank levels? I think this pair now is trying to naturally re-test those levels again. The 1.20 and 1.25 could be re-tested again. I have this gut feeling, that we will see 1.20 by the end of this year, and maybe 1.25 in the next. The explosion of this pair last week indicated, that we will probably...
Forming a triangle here, so that means the pair is getting squeezed and there should be a pop to one of the sides. I won't be surprised, if it will stay stagnant till Friday's NFPs. But then again, anything could happen. No, I am leaning more to the BUY side, as we will look at the graph on a bigger time frame, like the Daily, then we could try and class this...
This one is tricky at might be that I'm getting a bit ahead of myself, but could be a nice area for a SHORT. But just for some little profits. SELL: Entry - now. TP - 1.30500 or 1.30 (depending on the move. SL - 1.31
This is a simple view on DAX and its potential moves. Apologies for the messy chart. So, it seems that it is in its corrective move right now, finishing the C wave. Now then, in our ideal world textbook scenario, we have a beautiful trend line passing underneath, that could work as a support level. Then we beautifully bounce off of it and head higher towards all...
A potential shooting star formation is building up on the daily chart. On the weekly it has met its 100 MA. It's time for the Dollar to show some strength as well. If not today or tomorrow, then looking for this move next week. Next week we have the NFPs, that will some interesting moves. It seems that we are slightly overbought. I recommend to keep an eye on the...
Now this is exciting. It is getting deeper into this apex right now, which should blow up this commodity to one of the sides. I am going to be very "clever" here, by saying that it will be up or down! But on the serious note, if to believe what it is forming right now, then I think that's a Head-and-Shoulders with a beautiful double head. This formation doesn't...
One thing I can say, that we are at an interesting level right now. There is potential to the both sides. Watch the close of today or tomorrow. There is not much to analyse on this commodity, as we have to wait for some sort of a confirmation move. This one might explode. Keep an eye on the price action.
I think today, with the FOMC, it could shoot out of this squeeze. My sentiment is to the downside, because there are key levels (2016 May low), which could be touched. But the market likes to surprise us, so you can put BUY and SELL orders for capturing a few pips. Potentially, you could do this: BUY order: Entry - 1.25180 TP - 1.25500 SL - 1.25000 SELL...
We are getting close to 2016 May low. This will be the key support, which I think could be a good level to bounce off. That's only if the Weekly will stay above that. Now, I'm not saying that it's a total reversal, but it could do at least 23.6% retracement on a Fibonacci. Here patience will be gold. So be patient. Keep an eye on the price action!
It has broken the bottom trend line last week, but then got back over it. It is balancing now between these two key possible break out levels. Because this pair can be really volatile, I suggest putting BUY and SELL orders to capture a few pips either way. Nothing too greedy. Good levels to set up BUY would be around: Entry - 1.47200 TP - 1.47700 SL -...
I believe, that there are people who were taken out by the long sell-off on this pair that we had. I think that DXY is looking stronger and will become a bit more attractive for buyers. Looking for going LONG about now and if the pair will start making bullish moves, then aiming to keep it to at least 0.95 and maybe till 0.96 . But still, be careful and keep an...