Bullish fundamentals are potentially setting up 'higher-for-longer' oil prices.
I think we might see a retrace down to the trend-line area given how far we have extended. Although, in any case be ready to jump on a bullish move.
If we start creating downtrend structure then sentiment might have shifted, noting US / EURO growth rates / interest rates are also...
Hi All,
Looking at this potential GBPUSD short, although think it is pretty obvious due to the amount of confluence (5 wave completion, corrective wedge end of wave 5, upcoming resistance, etc.). So I feel we may have a manipulation before the move down, potential spike through resistance and then a big push down. See what happens and re-evaluate if necessary,...
Hi All,
Looking at Gold for a long opportunity, we have had a big push up followed by this 5-wave wedge style correction. It has ended up landing directly in a previous demand zone, so would like to see some manipulation to the downside followed by a strong bullish signal to take long. If we break strongly to the downside then my bias may change.
Hi All,
Looking for a potential short on AUD if the resistance holds and we get a breakout of the current pattern at some point. If resistance breaks strongly to the upside we can see if there are potential longs, although the market looks overbought at the moment.
H1 Structure and Entry (Part 3)
- Took the engulfing on the double top, but other confluence includes:
- Break of H1 trend line
- Lower high point made
- Exhaustion @ key zone
- ABCDE pattern + flag breakout
