The break of this flag pattern is eminent. Check out for either break and retest/ or momentum strategy when the break out happens.
This is a nice point to catch a relief for a 2.6R. The technical are lining up well (Psychological level, DB, RSI OS, RSI divergence etc.)
There are some nice confluence forming at this level, a good level to short (just a relief). 1. Major level of structure (1.8800s) 2. A completed Cypher patter 3. A Double Top seems to be forming on the 60 min chart 4. RSI is OB
Another potential butterfly for a 2R We are coming to the close of the year, and markets will be ranging a lot.
Expecting some liquidity pull here for some correction
The 1834s level is very important in this market. it acted as a strong resistance previous and is bound to act as a support. I am still keeping my eye on this level. Further more there are some confluence forming here such as a potential BAT pattern. Re-test of the Break-out is on the Cards
The 1834-40s level was very strong resistance. Today there was a break-out and I am putting a limit order at 1835 to retest those highs (1865) Plan your trade. Trade your plan.
The High Test Candle (Hanging Hammer) is an indication that price has been massively rejected on this zone. this is a follow-up of previous idea
This can be used for educational purpose on how market moves. Basically, the principle behind price action
This potential H&S can be an indication that this market is bound to make a substantial correction on the move that happened on October
This is a textbook example of a BAT pattern. The ratios have lined up nicely. just catching a relief before anticipating for a trend continuation
A potential BAT Pattern forming after yesterday's BOC news. This is a very nice place to catch the relief.
Will this retest hold? This is classical reversal pattern that can see a relief to to 1650/80s level.
The USD has had some exceptional strength this week. This is projected to continue throughout Q4. However, some relief is imminent, and this BAT pattern gives a reason for entry for the said relief.
The Bullish trend seems to have come to an end momentarily, and bears are in control. This market is now trading below the 50 EMA, which is an indication of bearish trend.
A potential H&S pattern on this market. Looking at the neckline, it is clear that structure was previously violated. This gives a good R:R. However, it would be prudent to wait for the daily candle close to enter the right shoulder aggressively. plan your trade, trade your plan.
A completed H&S pattern, it would be nice to wait for a re-test of the neckline and price is Projected to collapse to 82.50s.
Take a look at this trade plan (Details on the chart)