bsmith502

bsmith502

Potential short trade as the EUR/USD nears the end of a leading diagonal. If you scroll farther back on the daily you can see why/where the black resistance lines are drawn there. We also have some divergence on the RSI. Waiting for a breakdown before entering the trade.

bsmith502

On the 4 hour chart the GBP/USD is about to complete a bullish Cypher Pattern Target 1 @ 1.4182 (38.2% retracement) Target 2 @ 1.4308 (61.8% retracement)

bsmith502 Updated 

On the USD/CHF 15 minute chart we have two possible patterns building out right now. Note: the yellow lines represent a zone of structural back on March 17th that may act as resistance.

bsmith502

The S&P 500 appears to have completed the Bat Pattern today as it rejected the 88.6% retracement of XA One could leverage this play using a leveraged ETF or a volatility ETF such as UVXY

bsmith502

On the 4 hour chart we have a head and shoulders pattern setup. The neckline was recently broken and retested with solid price action candles. Currently selling off. Targets should be placed in the PRZ between 156.10 and 155.10

bsmith502

Daily chart of USD/CHF is building out into a potential pattern. Once more time has passed a better prediction can be made as to which pattern is most likely to play out. Current setup in anticipation of a bearish gartley pattern.

bsmith502

On the EUR/CAD we have a potential short opportunity on the 1 hour chart at the completion of the D leg Currently looking for D to complete the Bat Pattern at the 1.4835-1.4850 zone Alternate Bat Pattern may also be in play at the 1.4880 level Place stops a few pips above Point X