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If we look for repeatable patterns we may find Bitcoin selling off a little more and finding support at 40k before it shoots up again. The last time Bitcoin had a big sell off was in May hitting 30k on 19th May. From there the market created 4 failed attempts to go higher before creating a new low on 22nd June - effectively running the stops. It then ranged and...

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Looking at the Monthly… Gold’s last all timer high was the 19k zone in September 2011. From here it creating a descending trend line connecting lower tops and creating a strong support at 15.5k zone. When the support was broken Gold fell to the 50% retracement and ranged for the best part of 8 years. Fast forward to now and we are at the top of the current...

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Is CADCHF set up to go LONG? First we look at the Monthly and we see a 10 year trend connecting tops was broken in 2017 and the market has been ranging since 2014. We are now in the middle of that range. We see the low in Jan 2016 was surpassed in March 2020 when Covid 19 broke out, symbolically hunting out the stops and taking out the early buyers. The...

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EURCAD - how a long opportunity was created We look for the facts what will reinforce our position. This is what we know has happened with EURCAD that supports our case to go long: 1. EURCAD broken a long standing trend line (purple line - dating back to 2012). 2. It is at the bottom of a long lasting range. It has been ranging since 2015. Also it is at the...

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Here we have AUDCAD with a possible LONG. There is an expanding triangle that has just hit the 5 count. It is also at a support zone just below a long standing range.The previous buyers have just been taken out -some would call this bear trap. If you're not already in we should be looking for the LONG to get back into the range and looking to test the $1 mark.

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Silver is at support with 9th Aug. It is also at a 1.272 reversal (Orange). This is our first chance to go long (1st yellow bubble). First target will be the breakout lower at 23.360 If the price action remains bearish the next support and next opportunity to go long will be at 22.00 (2nd yellow bubble). This is a very important support. If it breaks there will...

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AU 200 has just completed an expanding triangle at the 5 count. We are also at support and we can see failures to make new lows. We should look to go long here. If we aim for the 1.272 our target would be at the 7789 mark, there will be bumps along the way!

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CADCHF has reached the bottom of a range and a support zone. Market has also retraced almost 50% of the last swing (Mar '20 - Mar '21). We can be looking for a long here.

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EURUSD is approaching a double bottom and a 1.272 reversal. We can treat it as a breakout failure of a range (see box). We can judge the price action and look for a long. A realistic target could be the breakout at 1.85 (blue line). If the price action becomes too bearish then a stronger support is at 1.16+ (purple line). Let's keep an eye on it....

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AUDNZD is setting up for a long. The double bottom is at 1.043 area. The 1.272 reversal of the last swing higher is in the same area. As of now the market is just above the double bottom and having reached an area of reversal with three confluences. 1. A 1.618 reversal taken from the low on 27/05 to the high 21/06 (red) 2. Market has reached a measured move...

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USOIL is at a double bottom. If we are to follow previous swings lower we can anticipate a little more downside to a stronger support. Looking for the 1.272 reversal. We are also right on a trend line connecting tops from the high in 2008. Price may bounce off this line or we could dip below. Let's see.....

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AUDCAD - EXPANDING TRIANGLE - GETTING READY FOR THE LONG AUDCAD has just created an expaning triangle. It has just hit a major resistance line. We can begin looking for an entry point

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We have the makings of a 5 count expanding triangle. The 5th count has been created. Price has begun to move away from our optimum entry point so if we get one more dip toward 0.92000 we could get lucky and go LONG with a small stop.

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Do we have a bear trap on AUDNZD? The market is at a double bottom and just about at a 1.272 reversal. Market found a bottom started moving up and failed. Has this just created a bear trap and is it now finally about to go up... Coincidentally it is at the bottom of a range as well. We have a few confluences - we could go LONG with a small stop

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AU200 has just completed a 5 count reversal on the daily. Market has just taken out all new stops in June/July. This is an indication to go Long First target would be in the top third of the box Thank you

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Gold is at a double bottom after a big sell off. It looks to have created a bear trap after buyers failed to fill the gap after double bottom. If we missed the buying tail we can go long now with a stop just below the tail. If buyers step in there is little resistance on the way up to the where the market gapped lower.

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Monthly - 1.43 is a very important structural balance line and we're knocking at it's door. Weekly - big sell off that did not break structure and created a double bottom. Daily - Price is at the last higher low of current swing (Mar 20 - NOW) - very important structure. The odds are with the buyers here. Target - ABCD pattern on the daily suggests a maximum...