USOIL Has exceeded the expectations I had for it 2 weeks ago. Though it didn't go down the way I was expecting, it went down. We now have what looks to be a bearish continuation setup and that is what we are looking to take advantage of. A bullish movement is expected and will likely result in the rejection of that trendline, pushing the price down.
Oil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets. this theory has held true once more as price has broken below this MAJOR trendline. A break of structure can also be spotted as price retests previous areas of support as resistance. It looks like its time to sell as price seems to have completed the...
The Market on the major scale is looking a lot more bearish than bullish. We are looking to scalp either of these movements. Entries will be defined by the structure, we will wait for bullish structure to form for a long position and bearish structure to form for a short position Check out the linked idea for more. CURRENCYCOM:US30 Happy trading!
EURUSD has been bearish as the dollar strengthens. We are looking for bearish continuations. Firstly is whenever the trendline below is broken we will look to sell(follow to stay updated) Secondly the price may rise to a much larger trendline and there is where our best sells may be at 1.07000
Oil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets. this theory has held true once more as price has broken below this MAJOR trendline. A break of structure can also be spotted as price retests previous areas of support as resistance. A bearish market is what I am strongly anticipating, and sells I...
Nas100 has been very bearish for weeks as a result of the Russia Ukraine crisis and rising USD rates. From the impulsive bearish movement price has tested a major supporting trendline on the weekly for the third time, sparking a bullish movement. An inverse head and shoulders was formed and the price broke the neckline, moving higher. The market has now tested...
US30 has been very bearish for weeks as a result of the Russia Ukraine crisis and rising USD rates. From the impulsive bearish movement price has tested a major supporting trendline on the weekly for the third time, sparking a bullish movement. An inverse head and shoulders was formed and the price broke the neckline, moving higher. The market is now approaching...
USD/JPY has been undoubtedly bullish. Recently, this pair has reached all time highs and has continued to form bullish structure. A break and retest setup is presented here with a bullish pin bar confluence at the swap zone. We should look to long, first targets being at the price marked in red, you can also trail your stop loss because this pair has big bullish...
OIL has formed bullish structure in the midst if what appears as a bearish continuation. I expect the market to move higher from the marked up area of support then reject the trendline, moving lower. For now, we should focus on the most likely movement, the bullish one which is expected. TVC:USOIL
EUR/JPY has shown bullish signs on higher timeframes as price broke major previous highs. The market as pulled back, retested previous lows, pushed up breaking previous highs and has started to form what looks like an inverse head & shoulders. With the EUR value rising and JPY still in blood bath, it only makes sense to take this continuation. Profit target are...
US30 has given us a form of an expanding pattern, a continuation in the context. Considering the double top, this continuation setup may result in a retest of the double tops neckline then a continuation down. Where the price currently is, is a major area of support, this is in tern a potential inverse head and shoulders. At this same area of support is a 61.8%...
US100/Nasdaq has been very bearish, and it quite likely could continue to do so. I have spotted a deeper retracement and have also managed to spot out the end of an Elliot wave sequence, highlighting a reversal. Price has also given us a third touch on the supporting trendline and we could expect a more dramatic reaction in a longer term perspective. Price...
USOIL has been very bullish as an effect of the ongoing war between Russia and Ukraine. Oil has presented a double bottom setup which could lead to a continuation, this analysis is linked below. Currently, there are two possible movements I am expecting, marked up on the chart above. There are a lot of buyers hanging around the 100.00 price level, and if price...
AUD/USD has been bearish for the most part but has been stuck in consolidation which could be identified as a correction. The price has formed an expanding pattern which in this context is a continuation pattern. There is a smaller expanding pattern with in the previously mentioned one which in its own context signifies a reversal, adding confluence for a...
USD/JPY has been bullish for a long time. Price has aggressively approached a major area of resistance on the weekly chart and rejected it. We saw price retrace but now the market has broken above this area of resistance, and retested it. With the trendline below being tested so many times, I suspect a potential liquidity grab so we may see price move downwards...
Oil has been in a very strong bullish trend since the start of the war between Russia and Ukraine. Price first gave a pennant continuation which didn't play out as well as thought. The market has now given us a double bottom which can commonly represent a bullish continuation, and in this contact it does. We also have the confluence of the falling wedge. We...
US30 has been bullish for quite some time. In the recent week, a head and shoulders has formed, showing signs of a reversal. Looking at this is more depth, i have identified a bullish continuation pattern. The more likely setup is the bearish continuation to the downside. W should look for shorts once price breaks, closes and retests below the support.
The previous setup on Gold that was shared has not played out as thought. There was no entry trigger which was a break below the support, but of course we didn't expect it to break right then and there, though it is taking longer than expected. We see the chance of a double bottom bullish continuation playing out, but there is still a bearish continuation that I...