848evo

848evo

It looks like GBPUSD might form a gartley, still waiting for the D leg but something to be aware of. Looking to go long if price reverses around the rising TL or 78.6 fib level.

848evo

PA is heading downward toward a support level and if it stalls here and reverses, we could see a complete gartley formation showing strong bullish movement. Will wait for the bounce and then get in long.

848evo

EURGBP has bounced back up to retest the broken TL and I am also seeing bearish divergence on the RSI. Still expecting PA to go down to hit the target box.

848evo

AUDUSD has pushed through the 2 rising TL's and I'm expecting a further fall to test the major rising TL. First I am looking for a pullback up to retest the broken TL before moving further down.

848evo

PA is moving into the bottom channel and could either rebound here in which case we would expect to see a slow upward move to retest the broken TL or if it breaks this support level, we could see a drop to test the lower support level.

848evo

GBPJPY pushed up but didn't retest the broken TL and has pushed back down. I'm still looking for price to eventually move to the 272 level forming a Gartley formation. If PA finds heavy support there and bounces, we could see a large push back up to retest the broken TL and upper resistance.

848evo

EURUSD has seen a lot of upside movement lately and even though the dollar is dovish, PA has moved up a considerable amount and is definitely oversold. We can see buying and selling pressure on both sides that has created a large range box. Waiting for PA to break the box before deciding on direction.

848evo

EURJPY has broken and retested the support level and seems to be headed down to the target box at the confluence of TL and 61.8 fib level. I'm expecting PA to bounce at this level back up to retest the broken rising TL. If PA is able to break the lower rising TL, I would be looking to short to the lower support level.

848evo

EURGBP has broken out of the previous range box and appears to be headed toward the target box at the touch of the TL and .236 fib level as well as strong support level. I'm looking for PA to make it's way down before bouncing off that level back up. If PA breaks the target box to the downside, I would look for a move further down to re-test the 50% fib.

848evo

USOIL has dropped significantly and hit a major point if resistance with a quick bounce and re-test of the previous lower channel TL. If PA can break the support line, we could see a further move down to the 272 extension.

848evo

EURGBP is in a strong uptrend and I'm still expecting another push to the upside if PA can break the 1.618 extension. If PA breaks below the range box, I would be looking for PA to go back down to retest the broken resistance and/or the rising TL.

848evo

USDJPY has lightly touched off the 61.8 retracement, but quickly recovered showing a strong down pressure. I'm expecting PA to follow the TL's and slowly make it's way down to around 110 area before a bounce back up to retest the box breakout and then heading back further lower.

848evo

After a quick reversal up on USDCAD, it looks like PA got stopped hard by the 61.8 fib level and reversed back to the downside. Given the overall weakness of the USD and the CAD economy becoming less commodity dependent, I would expect PA to continue moving down. Looking for a break of the lower channel and rising TL to look for an entry short position.

848evo

GBPJPY just broke a wedge formation after a previous large drop. I'm expecting PA to move down a bit more near the lower support line before bouncing back up to re-test the broken TL before heading back down again. I'll wait for the bounce before attempting to get in short. Might try to scalp the quick up bounce with a very tight SL.

848evo

EURUSD has come down a little bit due to some news supporting the US dollar, but overall I believe the USD is still weak in the long term and I see PA pushing down to around 1.29 and bouncing off that major support area to proceed back in the up direction that has the potential for a big move. Very low risk trade for a potential big move.

848evo

EURJPY is bouncing around, but still following the bull push from the wedge breakout, I would expect this move to continue up to the target zone as long as PA doesn't break the rising TL.

848evo

EURGBP just bounced off the 1.618 fib extension of the previous swing, but as long as it doesn't break the rising TL, PA is still in an uptrend. I would wait for a pullback and then try to enter long.

848evo

PA continues to make higher highs and higher lows so still showing bullish support. If PA breaks the falling TL, I would look to take a position long.