scg9

scg9

Rockrose Energy PLC is a well placed acquisition company to take advantage of the current climate. After a stellar 2019 through completing the acquisition of Marathon Oil, they have high cash reserves with no debt to take advantage of this motivated selling market. Technical Analysis: - They have started a rally from the bottom that was capped by 618 retracement...

scg9

Looks like the Bullish rally is stalling with the H&S formation. Looking to short to Support line of 87.20

scg9

Currently in a pitchfork formation on the 1D timeline. Just bounced off the centreline with some pace off the back of North Korea news. On the 4H chart we can see that the 1.618 Fib extnesion falls in line with that 2016 high which will be my target, just inside of the upper trend line of the pitchfork. Other indicators on the 4H chart shows the 5EMA has just...

scg9

D1 shows head and shoulders pattern that is being aided by daily structure and long term trend lines. H4 Fib shows B-C retracement has bounced just below the 50% line which was corresponding with the daily structure. Looking for the move down inside the green trend line towards the Red long term trend line and/or the 1.618 Fib extension

scg9

Looking for a retracement to the Daily structure line @ 1.10074 where I will look to buy. Putting a SL below the low of the 4H Fib @ 1.09587, and aiming for either the long term trend line (lime green) or the 1.18 extension as we have just breached the 86% retracement in the down BC swing. D1 and H1 StochRSI are both hovering around the oversold line to indicate...

scg9

NZDJPY forming a nice wedge on the D1 chart. Multiple touch points on both upper resistance and lower supporting trend line.

scg9

Looking for a bullish push above 1.72550 pivot line, which is forming a strong area of support with the 38% 1D Fib and 61.8% Fib on the 1H timeframe. Oversold on the 1H StochRSI, looking for a retest of the 7330 region of the previous highs, and move up towards 1.74150 for the 1.618 extension.