McQuant

McQuant Updated 

As per my own proprietary volume analyses EURCAD is about to heading down soon.

McQuant

Weekly trendline support, hourly trendline support (not on the chart)

McQuant

Keep in mind the breakout can be false....

McQuant

Upside breakout expected each moment. Accumulation phase in progress. However keep reasonable SL, many breakouts are the false ones. So go long on upside breakout through 9340 with TP 9440. Keep SL at 9290.

McQuant

Rising wedge is narrowing at significant round number 9300. It's time for correction price going back down to 9200 and maybe lower at 9150 (38.2% retracement of latest up move). This could happen next week but the process can start today.

McQuant

Bearih Shark has just formed. Price action respects PRZ. Going short here with TP level somewhere around 1.4984 (38.2% retracement level of BC leg)

McQuant

This pair offers nice probability to catch strong break out. Price and RSI are both under the pressure. So break through could be seen in next few bars. Short this pair with tp somewhere at 1.21400 and sl 1,22000

McQuant

Price trending down, falling wedge is forming. Price could bounce from upside trend line back down. Once upper trend line is pierce sell with tp around 8.066 and sl 8.21

McQuant

Pinbar reversion from significant resistance level. Price could shows downswing. First TP level is around 0,933 which is 38.2 percent retracement of latest move.

McQuant

Bullish Gartley is forming. If PRZ (small red rectangle) holds price could experience rising somewhere up to 1.4838 (38.2 retracement of CD leg). Next profit target is between 1.500 - 1.5100 (around B point). B point laying between 38.2 and 50 retracement level is not perfect, however still valid.

McQuant

Descending triangle between trend line and 38.2 Fibonacci level indicate that downside break could be seen soon.

McQuant

We have falling channel in play (could it be also falling wedge). RSI shows that price action is under pressure. My opinion here is we could experience upside break down. However as the opposite could also happen SL should be reasonable tight here.

McQuant

Rising wedge precedes possible impulsive downside move. RSI in accumulation phase...

McQuant

Bearish butterfly has been formed. PRZ is tested.So if 96.420 won't be breached we can experience downside move to 94.07 (TP1 and 38.2 retracement of CD leg), 93.0 (TP2 and harmonic B point)

McQuant

Ascending triangle on price could be sign of upcoming breakout. The question here is whether it will be upside or down side break. Corresponding momentum indicates it could be downside break. The break could take price down to 1289. Let's see what happens...

McQuant

Bearish "pinkish" Gartley pattern has been completed. So after an initial PRZ retest I do expect some opposite bearish pattern could be emerged. So if D point (1.67680) holds on retest I'm going short with first TP at point 38.2 retracement (1.6621) and possible further down to 1.63583 which would form perfect Bullish bat then.

McQuant

Bullish Gartley (in pink) is now in play and possible bearish shark (in orange-light) is emerging. So this is a good oppty to go long with clear target levels. First profit target is at 0.90710 (Shark's A point, Gartley C point). Ideal profit target is at C shark completion around 0.9168 - 0.9184

McQuant

Bearish Bat has been just completed. PRZ was tested and oscillator reads is negatively diverged towards price action. If the pattern holds true then first profit target is at 1303.23 (38.2% retracement of recent bullish move) and 2nd target is B point at 1269,72 ideally. However recent bullish momentum was very strong so keeping my stop loss as tight as possible....