Let's work our way down the big time frame. Everything is color-coded as follows.
montly = red
weekly = orange
daily = yellow
4hr = green
1hr = blue
Looking at the monthly you can see we have a nice broken trend line that was never retested, same line in confluence with the 61.8% fib retracement level. This is where I see the price going and therefore my target...
I like to keep my analysis as clean and simpe as possible so here we go. The EUR been falling against the CHF for quite some days now. Its obviously bound to make a correction (retracement). As you can see the 1.70 area been holding. Pulling out fibs and drawing some support/resistance we can see some strong confluence up there @ that 1.13 zone. That would be your...
As you can see guys we have here a beautiful head and shoulder pattern on US30. The rule says what ever distance from top to neckline, after the breakout it will drop the same distance. If you can see that distance, it means it should drop down to 25619 in confluence with that zone. Price threw a wick all the way up during FOMC today but respected the pattern and...
As you can see on the weekly time frame, BTC had a nice fall since the beginning of the year but it looks like we can see some exhaustion.
At the bottom of the downtrend on weekly you can see we have a bullyish engulfing candle signaling a possible buy. Where is the last major broken support that hasn't been retested? 5700-6100.
Go down 1 frame to the Daily....
Here we have a clear inverted head & shoulder pattern. We have supply at 1.3355 area, and demand @ 1.3100 area. Price broke the 1.31 supply turned demand zone, and respected creating a smaller pattern right on the top of the demand zone. The zone is also a 1.38 fib retracement on smaller frame. Looking for price to come up to 1.3150 supply, make the big re-test...
Not much to say here!!! check out the linked (related idea) for a full overview of this trade and why its time to buy now. But basically, based on my last analysis for USDCAD the price broke the 1.3150 supply just like I had projected, went all the way up to around 1.3250, 100pips away from our final target, and came backdown to our 1.3150 (now) demand zone to...
Check out the simple DOUBLE TOP (M) pattern forming on the 4hr chart in confluence with a bigger daily double top (second top) and monthly supply. I'm looking to trade that break and retest of that 4hr M neckline. Check out the linked Trade Idea for a bigger overview of this trade and long term price projection.
I see a monthly falling wedge pattern, and a nice single candlestick reversal formation at a key monthly supply zone signaling a possible reversal. Taking out my fibs from low to high I get some confluence at the monthly 110 zone most likely a 61.8 retrace and shoot up giving us about 600-1000 pips.
