We don't know if last week's agreement on oil prices signed by countries belonging to OPEC will be a "real effects" agreement, or not. If it were, it would be the main driver keeping oil priced up. What is certain, is that on the daily timeframe TVC:USOIL has broken it's corrective structure (flag) towards the upside, and heading towards it's 52.15 target, or...
Gold FX_IDC:XAUUSD seems to be in a bullish flag pattern. It's either going to hold trend line from "C" to weekly support, or break it and develop a harmonic pattern towards "E" and only then bounce towards new tops. Updates on lower time frames will follow.
FX_IDC:GBPJPY is on a monthly long bearish trend. As the monthly trend is simply bearish, and no other interesting element can be found, the weekly timeframe is developing an AB=CD pattern, with a target at 126.93. Bearing this approaching target in mind, and considering the pair is at the moment in a corrective structure, it becomes interesting to find short...
Bullish Flag in development on WTI TVC:USOIL . Long in the 41.5 area. Inversion pattern and setup to be published soon on lower timeframes, once daily pattern is confirmed. If you think my analysis can be useful to your trading, please "like" my publication. Thanks for viewing.
Clearly, FX_IDC:EURJPY monthly trend is bearish. On the downside, the final monthly target would be in the 94 area. However, it is possible that final target will never be reached and the pair reverses its long time trend earlier. Smaller timeframes analyses will follow...
After a many weeks long consolidation in the form of a ABCDE triangle wave pattern, the pair broke the structure in what seems to be and AB=CD pattern. Updates on minor time frames will follow. Great R/R ratio, if we manage to nail the right inversion pattern on lower timeframes.
A descending triangle wave pattern seems to be forming on TVC:USOIL . A long position can be taken in the $43 area. I will post updates on specific entry level, stop loss and targets. Please like this publication if you think it can be useful to your trading knowledge. Thanks for viewing.
I am sorry for not having posted this earlier but the DXY last week made me go crazy. This is an excellent opportunity on EURCAD, that I entered in the 1.482 area. Wait for a 0.50 or 0.618 pullback on the H4 area to enter as soon - I will publish a proper second chance entry on the way.
Potential bullish H&S in formation on the FX_IDC:USDCAD with possibile movements on the graph. Potential entry on the right shoulder in the 1.282 area, with target in the 1.304 area. R/R 1/3.8
As the title says, FX_IDC:EURNZD is going through a long consolidation in what seems to have formed a bullish flag, at least on the 4hr chart. Suggested entry: on the 0.618 FIB of the last upward swing, which also coincides with first weekly support.
Seems a pretty clean bullish H&S pattern on FX:USOIL this time. A more precise entry range to be found on minor timeframes.
A QUICK SHORT SETUP ON THE INDEX:SPX entry right about now SL: 2178.5 TP: 2159
The FX_IDC:USDJPY pair has retraced after hitting the long term trend line. The pair seems to be forming a bearish harmonic pattern, at the moment. If we are right, price will go and retest trend line and the main resistance area, in which case we can take short position with an excellent risk reward ratio. Suggested entry: 106.951 Suggested SL: 107.2 TP:...
The trend is bullish on the FX:USDJPY , with a possible AB=CD in formation. The major 2015 pullback seems to have arrested on the long term 0.5 FIB. Always a great pair to observe.
Potential right shoulder in formation on FX_IDC:GBPUSD , with: entry level: 1.313 sl: 1.30 (conservative) target: 1.36 Watch out for the bearish flag (continuation pattern) that also seems to have formed, with target in the 1.29 area.
FX_IDC:GBPUSD in a descending triangle. Enter now on lower trendline, or buy the breakout. Target in the 1.36 area. Entry level: 1.3178 (0.50 FIB of last swing) SL: 1.3128 Target: 1.36
There is a harmonic pattern in formation on the FX_IDC:EURNZD which will push the price down to the 1.489 area, which also coincides with the 0.786 FIB of the last big swing. This is the potential area in which to find a reversal area to go long. Proper setup to be defined. Entry level (approximate - no reversal pattern found as yet): 1.489 SL: to be...
Overview of the potential wave structures on the FX_IDC:GBPUSD pair. 4hr chart.