I'm getting mixed signals but i'm going with my gut here and saying this is bearish. -There's a wider AB=CD in play on WeeklyTF alongside this on the smaller TF as possible entry -First target range lows -48.04 is Weekly bullish marabuzo mid price -we've put in an evening star off 200ema = reversal? I'm going to be monitoring this over the next few days with an...
Looks pretty bullish on the Monthly and Daily too. On the Weekly TF: -Inside bar set up on 50% fib -Closed above MA -Closed above mid of previous marabuzo candle -Wait for a break&close of 38.2/Inside box = 4743 -AB=CD in play
Weekly: We've put in a Shooting star indicating a retracement Multiple rejection off 1.15 so we could retrace from this level in search of demand/support On the DailyTF: -Close below both 200 and 9 EMA's, -Nearest support 21MA/61.8%fib/ATLsupport Just look for confluences and trade em'
EURGBP has been well behaved. At 0.76 we will fulfil the AB=CD I stated on my Monthly Analysis 1 month ago. As I expect further Upside, I will look to buy around 0.73 - 0.735 A few traps have been imposed on this pair so it may be worth increasing Stop Loss with the correct position size. As 0.735 is 61.8 fibo we could possibly just continue higher from here and...
On the Monthly TF we can see: We're trading below the MA's indicating we are in a downtrend. We've spiked above MA but was forced lower. Looks like we're forming a hammer. Possible reversal? At price 1.57085 is the 61.8 retracement. So we could find support around here. We're currently trading at 50% fib. AB=CD to 1.272 is a possibility. On the Weekly TF...
Just a very one: I've spotted this potential harmonic pattern. Looking to short after a few confirmation: -Close in or below Red Zone (Now support) -MA's Cross -Close below ascending TL and retest. Anyone of these confirmations being triggered will warrant a short Trade. Just look for Confluences and Trade EM' Good Luck
At 50% Fib i'm looking for shorts to 9400 Hopefully slower EMA would act as resistance around 9780 We could just retest the Descending Trend Line and head lower so I'll be monitoring PA on this and smaller TF's. Weekly Sup looks like its holding Over the weekend i'll try to upload a majority of my thoughts on a variety of different instruments. Just look for...
Ok now that we have Weekly and Daily covered with a short bias time to look for potential set ups on the drop down TF's. To kick things off and get straight to technicals... 4HR: We can see after our extreme high we put in a new LL - 4HR Now I've identified a possible AB=CD to Monthly SUPP upon taking fibs from these levels - 4HR We could retrace from 0.71620 as...
Daily: Both MA's about to cross to the downside - Daily Failed to close above Descending Channel - Daily *CLEARLY* Rejected off Weekly Res, TOO MANY SELLERS!!! - Daily AT 50% Fib Retracement we saw a strong bullish Marabuzo, bare gassed buyers. So seeming as so many people we're in a buying mood, emotionally gassed. I've taken the mid as a good short term key...
Back like I never left! Been away from the charts letting this heat from da FED die down. At the moment I only see downside potential; but i'm uneasy because we're approaching the end of the month, Bank holiday and the Monthly TF candle looks like its putting in a dirty Doji which could open up doors for upside moves. But besides from this. To go through some of...
I hold a short bias but have spotted a long trade. My overall downside target is 115.5 I see us going up to retest the TL or at the very least 61.8 of CD. I'm looking for reversal candlestick patterns around D or just above
I've been scalping this and first target has been hit. We've broken clean out of the TL so i'm waiting for a retest and continuation to fulfil my previous DAX analysis. 2nd Target is around 10200. Red box is the strike zone.
Following my previous post outlining the downside potential this is the upside potential, which is an AB=CD pattern completion. This direction is favoured but requires a few confirmations such as the clean break we are currently experiencing. A close on the 1HR TF above the Descending Channel and previous Neckline Resistance will warrant a long trade to D...
Purely a technical trade. This trade just seemed to set up and present itself so I'm going to trade it. We've had 2 Head and Shoulders. Indicates to me we're consolidating and there's money in consolidation. Just look for confluences and trade em' Good Luck.
We've broken out of 2 TL's. We are due to retest the latter. A retest and continuation to put in a new high is likely. 1st Target Channel Mid 10400. 350 points on the table. Just look for confluences and trade em' Good Luck
After the Inverse Head and Shoulders i would of thought we were heading higher but since we broke and are now trading below the initial neckline I think we are going to find support around 61.8% fib. 1.485 is a good entry for me We're trading below MA's so we could breakout of the descending channel and head to the mid level of the marubuzo candle stick on the...
We're trading in a triangle atm. No direction until Thursday is how i see it. We've broken out of the Pennant, retested the TL and continued lower. Now that we're trading around 120.5 we need direction once again. I will trade the direction of the breakout. MA's favour the upside. Upside target 125.5 Downside target 115.5 5000 pips on this table