TF: 4 hr We may have completed the ABC correction to the 1-5 wave for the uptrend. We will have to see if the trend will continue up or if global issues continue and drive AUD and NZD pairs further down. Whats your take?
TF: Day Another interesting setup. Some bullish divergence is forming on the stochastic and RSI while price action has been trading/consolidating from around December 10, 2019 to today. However, something to note is that price is trading near the bottom of a broadening wedge that price has been trading in since December 2018. Something I am keeping my eye on...
TF: Daily Trend: Potential Trend Reversal Potential Inverse H & S forming on the daily TF with the right shoulder currently developing. After taking a fibonacci retracement from the previous impulse to the upside, we can see that if the right shoulder completes as drawn, then this would align with somewhere near the 0.50 and 0.618 retracement level confluence and...
Timeframe: 1 Day Interesting set up. -Stochastic and RSI both showed developing bearish divergence beginning in early December. -Strong rejection was made at the 0.618 Fibonacci level near the end of December pushing price down and falling out of the trend line. -Currently price has wicked up and has been rejected off the broken trend line (around the 0.6420 ...
Pair: GBPJPY Time Frame: 1 Hour Trend: Corrective 1. Blue boxes are resistance and support zones 2. Dashed red lines are Fibonacci clusters used to determine possible important price action levels I think price currently has found some support at the current level of 141.40 and I am looking for some wicking down into the blue zone that price is currently...
Time: D Currently price is trading near the larger downward trend line and 0.382 confluence (retracement of the 5th wave and entering into corrective state). Possible downward movement if price can't break above and hold above the trend line. Correction could make it to 0.382 of the previous uptrend.
TF: Daily Trade setups I was in and looking to possibly enter in the near
Looking for sells if price breaks and hold below blue zone
TF: Daily Looking for a correction to the blue zone which also lines up with the current upward trend line. A break below would signal that the trade is invalid. See my previous analysis:
TF: Daily Waiting for price to tap into the blue zone for a possible short.
TF: 4 hr Trend: up Price has moved upward without really an correction yet. Some bearish divergence can be seen on the Stochastic indicating a pull back may occur. On the Daily TF, price is also overbought and has been hovering in that area for awhile. Note the two large wicks to the upside, this could be a signal that big players were pushing price up and...
Looking to catch a buy order at the 0.618 retracement level on the 4-hr time frame to the liquidity blue zone. On the Daily timeframe this lines up with the 0.382, which may act as support (previous resistance)
If China-US trades continue to crumble, look for shorts on NZD and AUD and long JPY. High volatility can be expected so tight stops are recommended
Timeframe: 1 hr and 4 hr Look for a breakout of the wedge. Note that the 0.618 level is right above the wedge and could act as resistance to the upside. The 0.618 has been touched a few times already and acted as resistance. Stochastic is neutral, but looks like it may start moving downwards again (pointing down). If price were to fall below the wedge, the 0.318...
Timeframe (TF): 4 hr and Daily Trend: Down on 4-hr TF with a correction for current 4-hr TF uptrend; correction to downtrend on Daily TF -Some bullish divergence can be seen on the 4-Hr. Looking at the daily, stochastic is ready to move in the upwards direction, signaling some bullish movement may occur. -Do not just open a trade based on my opinion about the...
Timeframe: Daily Trend: Down, possible up trend forming -Price broke above the downward trend line and 0.382 confluence and retested the trend line and showed a engulfing bull (green) candle. -Stochastic is turning to the upside, which could signal further upside Weekly: - Further confirmation price could break to the upside
Timeframe: 4 Hr Trend: Down -Price is overall in a downtrend looking at the 4 hr. -Price fell out of the wedge and also encountered some confluence in that area - (touched the 0.5 level and got rejected and touched the 0.382 level and failed to break through). -I am waiting for a bit more confirmation to see if this down trend pattern will continue or if ta...
Timeframe: Daily Trend: Short term Correction down; Long-Term Overall up -Look for a possible push down to 1.7230 area (0.618 level) and trend line confluence, price could also move to the 1.7128 area (0.786 level). Price could move to the upside from here, if that fails, further downside may happen. Weekly Time Frame: -looks a bit bearish, last week was pretty...