QuileHills

QuileHills

USDOLLAR gapped up to the top of the bearish pin bar which finished off our previous week after coming into the 50% retracement level of the most recent bearish impulse leg confluenced with previous structure. This could indicate that this will be a good week to short xxxJPY pairs. In particular I'm watching AUDJPY for a potential short entry and I am holding a...

QuileHills Updated 

NZDUSD is showing some bullish divergence on the 4H RSI after experiencing a steep fall to start the month. I'm looking for a trend break along with a break of the local maxima (0.70945) to enter long to the previous consolidation area.

QuileHills Updated 

AUDCAD has formed a nice channel over the past month or so. I'm looking for a trend break to signal a bearish channel continuation. I think there is potential for the pair to go lower than my TP down to where there was a previous weekly mode but I'm going to stick with the bottom of the channel as my target to stay on the conservative side.

QuileHills

CADJPY has been trending up for about half a month now and reached it's longer term trend resistance (white line). I'm looking for the pair to break its shorter term trend support (green line) to short it down to the previous low.

QuileHills

USDJPY is nearing structural resistance indicated by the white line. I'm looking for the pair to break it's trend support (green line) to short it down to it's twice hit structural support zone.

QuileHills Updated 

After just barely missing the 78.6% retracement of the impulse leg EURNZD is potentially going to set up a bearish Gartley for a short with a great risk reward targetting first the 38.2% retracement of point A-D followed by the 61.8% retracement of the same points. With the 127.2% extension of the A-B leg coming so close to the origin of the first impulse leg you...

QuileHills

EURCAD may complete a bullish Cypher pattern just around my recent trend support (red line). I'm currently in short for other reasons (bearish divergence, trend support break) with my TP coincidentally at the end of the C-D leg of the potential Cypher. I'll look for some bullish divergence around my red trend support. My entry will not be based purely on the...

QuileHills Updated 

AUDCHF has formed bearish divergence on the 4H RSI near it's descending trend resistance (yellow line). I'm looking for a trend support break below September 22nd's daily low to enter a short position. My TP will be at 0.71705 as shown with SL just above the local high and a bit more than 2x the current 4H ATR. Subscribe to my trading system focused on long...

QuileHills

USDCHF has a potential bullish Gartley forming as shown in the chart. The "C" point has not really established so it's a bit too early to say for sure if there pair is likely to head down to the "D"-point entry at .95847 (the 1.272 extension of the A-B leg of the harmonic pattern). I'm not too fond of the low R:R for T1 (1.94) but the pattern is complimented by...

QuileHills Updated 

If short term trend support (White line) holds up to the 1.544 area highlighted with the purple box where the trend resistance (light blue line) and fib resistance meet, a trend support break and bearish price action could present a good short opporunity to enter with a stop order similar to the one shown.

QuileHills

AUDUSD is nearing it's trend support (orange line). I'm going to watch for bullish divergence on the RSI and a bounce from the trend support, looking for a good long entry with TP likely around the .76-.765 area.

QuileHills Updated 

CADCHF is still adhering to the Gartley rules for a bearish entry set up. I've added the theoretical entry, SL and Targets 1 (38.2 retracement of A-D) and 2 (61.8 retracement of A-D). Again, I don't trade Gartley yet. This is just for my own education/testing purposes. Though it is really tempting. Shout out to Charles and the rest of the Trade Empowered Team...

QuileHills

It won't happen today or tomorrow... or the next day but movments of USDCAD since late July have set the pair up for a potential Bearish Butterfly entry if over the course of the next month or two the pair reaches the 1.34 area.

QuileHills

Looks like buy out rumors have given GWPH some healthy gains today. If this month fails to return to the mode price of $84.31, I have a 6-7 month target of $146.72

QuileHills

GBPAUD is right at it's currently established 6 day mode range bottom which is also the previous 6 day mode level. If the pair recovers its recent downward movement, breaches it's current mode, the previous daily high and the descending short term trend resistance (yellow line) I think it will be safe to buy this pair with a TP of 1.77956 A break not much...

QuileHills

I'm continuing to study the Gartley formations without trading them at this point in time.

QuileHills

Along with the mode analysis written on the chart EURAUD is in a bullish flag formation after retreating upward from it's 6 months low. The pair also has potential to form hidden divergence on the 4H RSI (White lines). If the pair returns to the mode on the first day of trading this coming week, the hidden divergence will be fully formed and the mode touched for...

QuileHills Updated 

AUDNZD reached its Time at Mode target indicated by the blue arrow during todays trading session. The bounce seen at this price coupled with the bullish 4H RSI divergence shown with the light blue lines makes this an attractive pair to long in the event of a trend resistance break as shown with the red line. I'll be watching this pair in the early trading days...