RKchartest

RKchartest

AUDUSD pulled back to breakout levels. Pullbacks make great entry levels if you believe trend to continue lower.

RKchartest Updated 

AUSUSD is sticking within its corrective channel. The DXY 0.01% is weakening at the moment and this pair could continue in the channel. A break below and lower target will be under attack. Risk to Reward is best on the short side, hold if break above.

RKchartest

Structure is changing with the USDCHF. Keep an eye on lower trend line support and AB=CD with fib cluster level to provide resistance. As of now the best entry level for a Sell was the C level. Wait for new structure to give us a entry. Watch the below areas if you happen to be long.

RKchartest

In this Example of using fib clusters, you can see where a cluster of fib extensions cluster around a AB=CD level. This can be used as an expected target for the EURCAD.

RKchartest

Using AB=CD patterns is a great way to look for trade locations. When they match up with other AB=CD targets it makes the levels stronger. Combine these areas with fib clusters and you have a whole lot of confirmation. Fib clusters are groupings of various fib extensions and expansions. These are measured from the swings and the major pullback corrections. The...

RKchartest Updated 

USDCAD is reaching a fib cluster, channel support, and AB=CD. Great area to look for a long.

RKchartest

I'm currently in favor of shorting the UJ. A break below can trigger a sell off. Dont rule out the bounce to the 0.886 level which is a strong harmonic fib number. If that holds, the upside will prevail.

RKchartest

Not my cleanest looking chart. This is what we have: 50% retracement level from the January High R1 level of the monthly pivot point AB = CD harmonic pattern. All these levels come into alignment with very corrective structure.

RKchartest Updated 

Pair is reaching an area that should cause a reaction. Over all trend could be up long term, but I do expect the pair to correct lower very soon.

RKchartest

GBPUSD has reached a mid-pivot level that is also at range support. The bottom resistance level is actually at S1 however there is no denying the mashup of support levels for us to keep a closer eye at this level. Slower stoch is showing a rise in price and faster stoch is still showing price can go lower to the S1 level before reversing. I am on the buy side on...

RKchartest

USDCAD is finding resistance at the monthly mid-pivot. Long term stoch is still showing downward pressure as the the faster stoch is showing upward momentum. I'll be watching this level next week as I dont think any volume will come in this close to the weekend.

RKchartest

I believe the USDCAD is reaching the next swing level. With pivot points lining up and an approaching AB=CD formation coming to an end on an harmonic level, the pair needs to watched closer for a swing entry. Stochastic are starting to top the 21 and faster speeds. These are all starting to signal a good entry location. The arrow is just the location where allot...

RKchartest

EURUSD has two untested swing levels "YELLOW BOX" and the "GREEN BOX" are swing levels that have been tested. The green box's are more prone to collapse. The swing points or supply and demand zones are just areas to watch on the chart. If price shapes out and still favors the SELL to make new lows, a pull back to the upper Yellow Box would get you in at a much...

RKchartest Updated 

I don't think this correction is done yet. If it is, it would qualify as a running flat which is a pretty rare formation. Current price action has basically gone sideways with no sellers to be found "currently". If the pair is to head lower, Id put my money in an area with a higher probability to get a reaction. The last area that showed volume I marked as a swing...

RKchartest Updated 

GBPUSD is approuching the upper range area which I believe has plenty of sellers waiting. I'll be entering at 1.3340 where I expect the largest orders to be parked at 1.33720. There is a ending diagonal pattern that has taken shape. Formation that can happen in a wave C for you Elliott fans. Pattern or no pattern, I expect the upper boundary to be an area...

RKchartest Updated 

This pair recently likes to trend very volatile. Pull back in the prior resistance ZONE would be an area id target for re-entry into recent dollar strength. I honestly favor the 1.14/1.15 area to sell this pair. However there is no denying the recent USD strength from recent news.

RKchartest

Trends continue more than they reverse. Good entry is prior resistance or support levels. Volatility spikes also like to target these areas. Be patient and good fills for better R/R entries.

RKchartest

USDCAD is showing a classing 3P head and shoulders with a pre-breakout ride by the 20EMA