Boenker

Boenker

Monthly time fram bullish canle and break out of the handle

Boenker

bigger picture

Boenker

breakout of the wedge and forms now a flag pattern waiting for the breakout expecting up

Boenker

if whe see monthly where on a major support , go to the weekly and where in a range where price is on the bottom + bullish price action formation go to the 4 h and whe have a ascending channel on this support area, go to the 1 h and whe see break out of price and start to form a ascending triangle where i would wait for the breakout and go long

Boenker

where bigger picture in a uptrend previous monthly candle sticks bullish one is a hugh engulfing candle. the other tells us buyers are in control. that monthly candle broke are resistance zone and turn into a support area in the smaller time frame there is falling wedge and is close to a strong support zone that indicate for buy set ups in this falling wedge...

Boenker Updated 

Im watching gbpusd close and found possible sHs pattern in a channel , i will place a pending order before the righ shoulder would be formed. For my entry lvl i use the left shoulder manny times there is a good resistance/support zone what price wanna test one more time before they go your way.

Boenker

First of all i spotted this harmonic pattern , this will be completed in the 161.80 % fibo (red) this is the 1.24400 lvl. This 1.24400 is on a strong support lvl of the higher time frames. If i measure from low to my high fibo(green) this price fall in a 50% retracement. My last fibo tool is my gann this i measure from the high to the low, my 4/1 is my support...

Boenker

for me a strong set up in the audusd good for pending order. first i start with the fibo retracement in red , and my extreme target will be the 88.6 % the next conformation is my green fibo where my extreme level is the 161.8 % what also my harmonic pattern complete. if you draw horizontal line between the 88.6 % and the 161.8% you see this support line worked...

Boenker Updated 

correction with the abc

Boenker

here forms a head shoulder pattern

Boenker

Here whe see price did reacht the major resistance line, in the past whe see that the reaction will not bounce from the first time. So i expect there will be a double top or a range before it go south. WATCH out for bullish signals or breakout of this level this allready the 5th attemp of the bulls ! Whe now that the resistance is getting weaker.

Boenker

in the weekly whe had nice inverted hammer candle on a major resistance line. in 4 h whe allready made lower highs and lower lows. price is on a support trendline but whe need to see what reaction it will give. i draw a 'possible' scenario on the charts

Boenker

audcad is in bigger picture in consolidation, and give use in price action inverted hammer + normal hammer but im expecting end of this week will be engulfing. Good for shorts in smaller timeframe !

Boenker

In the past whe had allready 3 waves that respect our major trendline. So where will waiting of the bounce of the blue area , this does not mean price will go down keep a eye on bullish signals

Boenker Updated 

Here whe see that eur/usd reach his main support line. This does not mean that price will go up , whe need to look for set- ups in the smaller timeframe but whe can set this one on are watchlist.