**Commentary when I get a chance today**
Hi All, Expecting a major move in the short term (don't know when exactly but its close). All pairs have been in a period of consolidation. Multiple patterns setting up since my last update. Until the market gives me a reason, then I cannot tell where this can go. However it will do one of the following: 1. A breakout to the upside, followed by a retest of...
DAILY: To the right, we see a harmonic move with price action making higher highs and higher lows clearly showing bullish momentum, then forming a double top and rolling back down to structure. There are multiple patterns setting up on the daily but I wont get into that for this trade setup I'm sharing now. 60MIN To the left, we have a potential bearish cypher...
*Reposted** A Bearish Gartley and potential 2618 Trade setup to the upside. To watch for: 1. A confirmed Double Bottom 2. A break to the upside. 3. A break and close above the highest high of the Double Bottom pattern. 3. A Gartley Pattern completion if price hits the D leg. 4. A retracement back to either the 38.2% or 61.2% Fibonnaci levels off the Gartley. 5....
Hi All, Notes are also in the chart. I am lookin for a ptoential long entry but will sit and wait for the market to tell me what to do. Notes: - Double Bottom signals a potentiall trend reversal. There is a an advanced pattern setting up called a Gartley pattern. - If price breaks off of the Double Bottom, then an area of resistance will be at the area where...
Hey all, Nice little cypher setting up on the 4HR. I'd definitely be looking for extended targets. This one has alot of potential
Expecting a rally soon..however play it safe as there is a potential cypher up around 5880 where we may see some small or large sell off. There is multiple areas showing confluence with an: - AB=CD Pattern - Advanced pattern - Fibonacci ratio confluence on the retracement and extension levels - Price is also at a structure level where price has held and...
Just some thoughts. Daily showing a potential bullish move up. Weekly still showing bearish momentum so any position should be treated with caution. We could see a short term bullish move followed by a retracement. It would be interesting to see if price action will trade within a defined channel; (50.18 - 53.86). At first I thought OIL was about to make a big...
Multiple patterns setting up on the 1 HR time frame and many ways to approach this setup. Ideas are welcome!
See my idea on AUDUSD if you're looking for a conservative and longer term entry
As I've said since last December...The said we will see 72's again. Putting politics or anything else aside. The market needs to see a bottom. There is a tug of war between the bulls and the bears. This could go down further than 72's..i don't know...all i know i expect to see a lot activity on this pair when it does reach that area. If the majority of the market...
Short Term short (Example) So we've done our higher time analysis. To keep it simple, I know gold is very bearish and I want to find several zones where I can enter for a continued move to the downside. Again keeping it simple i've shown two areas we can look to hop onto the trade. Both setups have a good or awesome risk to reward. Option 1: Structure Based...
Let's just ignore the fact that Gold may or may not bounce up from here but focus on high probability areas to exit if we're holding positions right now OR we're looking for areas to enter that provide the best risk to reward. In this chart, I've kept it simple but there are plenty of clues to giving us that extra bit of juice to pin point those levels with high...
My take on the EURAUD and how this may play out heading towards end of the year or sooner. Provided these advanced patterns complete and we see structure being tested at these key levels then we can use this information to give us that edge. This is why I love the market...combining some technical analysis with some fundamentals and you can almost predict the...
For a longer term swing position, the following set of criteria must complete before I decide to enter the trade. For this example, I'm only showing the daily chart. For more precise entry and/or targets you can drill into the lower timeframes to pinpoint your price levels. 1. Advanced Pattern 2. Harmonic AB=CD 3. RSI = Oversold 4. Bullish Divergence 5....
Hi All, Several harmonic setups in play. I just love it when I see these types of harmonic moves. There are several ways you can take this trade depending on your rules of engagement plan and strategy. There is no right or wrong answer. Cheers
Enjoy! Good time to look for stocks across the ASX200 for entry points. This is just a minor correction. I'm anticipating a major move on the market in the coming weeks with new highs. Cheers
Hi All, At this stage there are no obvious signs telling me to be bearish on OIL prices have a massive fall out anytime just yet. If OIL does break to the upside then there are several zones I'll be looking at for potential short opportunities. For now, I'm long on OIL. Cheers Ant