Lovely USDCADAlthough USDCAD has been correcting for the past while, I am short on this pair. Please wait for the breakout before placing any trades. No need to get stuck in a trade that may continue sideways.
Correctivestructure
GOLD Is In Corrective Structure: Bearish Gartley TradeHey traders! Pretty choppy week on the currency front, and I like trading harmonic patterns like this one during sideways price action. I have an entry at the top of the PRZ with target at .618CD. Trendline may add resistance below the SL, and it is important to watch PA near the lower TL should price reach that level. More updates to come, cheers!
US/OIL - Breakdown of corrective structure and pre-breakoutWe are seing a pre-breakout structure forming and a possible breakdown of the corrective structure if this breakout manifests. Trade idea is pretty straight forward, entry close to the top of the corrective structure in cas of a pullback or a breakout-retest entry.
Short term target for me would be around 48.25 and longer term targets 47.70 and 46.00.
EUR/USD - Euro continues to show weaknessAm expecting price to at least make another attack on 1.08600. Aiming for an entry around 1.0895. If 1.0860 fails, next target would be the support area around 1.08260-1.08059.
Bullish Anti Shark I'm waiting for an oscillator divergence giving a buy signal inside the red rectangular zone ,
I'm assuming this is a bearish wave B of Wave X of a WXY Pattern
I'm looking forward to trade the Bullish BC leg of wave X corrective structure
Bullish On Short Term - Bearish on Long Term The Index seems to be forming an WXY Corrective structure
EUR/GBP - Breakdown of structureThe same pattern is visible on all GBP-crosses this morning. Strong counter trend impulsive move closing below/above swing high/low, indicating the counter trend players have had enough and want to see a stronger pound.
If this structure holds and we see a pullback towards the short-term corrective structure top I am looking to go short around 0.89930, targeting 0.89700 primarily and thereafter the incoming support zone around 0.89150-0.89320.
USD/CHF - Closing in on a long term resistance zoneEven though we are getting close to a daily resistance zone I think there is a short-term upside potential. The latest bull run has been almost uninterrupted by the bears and they most likely won't be able to stop it with just one try. So expect increasing volatility before this thing turns around.
For now I am looking to get long if price makes it back to the bottom of the short-term corrective structure around 0.98900 with my first target around 0.98900 and my secondary target all the way up at the top of the resistance zone around 0.99400.
If we don't get the pullback I am waiting for = No trade.
EUR/AUD - Signs of possible bullish continuationThe pair has been testing the 1.4580 level for 4 times without being able to penetrate it. The last reaction was pretty forceful followed by a corrective structure. If this structure holds and we see a retrace back into the bottom I am willing to go long, targeting 1.4760 as a primary target and 1.4850 as a secondary one.
Since we are in a ranging environment this will be a lower probability trade though.
EUR/CAD - Structure hinting of a new bullish moveThe sideways corrective structure is hinting that the buyers are still interested in this pair and are just taking a break. If the bottom of this structure holds I am looking to go long with my first target being the top of the structure and my second target around 1.4860-1.4870.
Bearish Anti Alt. SharkBearish Anti Alt. Shark with non ideal AB = CD Pattern , the ABCD Pattern is equal in length and not in time
Bearish RSI Divergence should confirm the coming bearish move
VSA Shows a squat up bar in the 4 hr chart which is a sign of weakness for the up move and a test is required to confirm the coming bearish move with a no demand up bar or upthrust bar , etc...
GBPUSD Correction up for entryThere might be a retest of the structure line , so a short opportunity , keep an eye.
