Possible short opportunity on NZDUSD at 0.7150 even level. 61.8 and 38.2 fib confluence along with strong resistance plus an even level are at the same target. Daily pinbar suggests bulls could temporarily push price higher to this level where I will then short.
Very nice long opportunity on GBPUSD at 1.2250 even level. A possible ABCD pattern completes here along with a 61.8 fib confluence from a strong impulse move, and there is previous support at this level along with the 1.2250 even level.
I will be buying EURUSD at 1.0521 at the completion of a potential cypher pattern. The D-leg of the potential cypher is also very strong 4 hour and daily support.
I will be buying NZDUSD at 0.7174. This is the completion of a possible ABC correction from a 5 move impulse. This same level is 61.8 retracement of wave 1-5 and is 1.272 extension of move 5-A. This level is also very strong support and completes at wave 1.
I will be selling USDCAD at 1.3160 which is the completion of a potential 2618 trade and there is also very nice resistance at this level. I will be shooting for retests of previous lows.
I will be buying GBPUSD at 1.24000 which is the completion point of a potential gartley pattern. I will be shooting for retests of previous highs.
Potential bearish gartley pattern at 1.3135 plus 61.8 fib confluence. I will be selling at this level. There is also a potential bullish gartley setup at 1.3042. I will be buying if price gets to this level. Both levels are also decent S&R levels.
I will be buying USDCAD at 1.3125. There is a 38.2 retracement as shown by the red arrow, a 61.8 fib retracement as shown by the blue arrow, and a 1.414 extension of a potential ABCD pattern shown by the pink arrow, that all line up at the same level. Plus this level is also a significant S&R level.
I will be buying GBPUSD at 1.2417. There is a 38.2 fib as shown by the blue arrow that coinsides with a 61.8 fib as shown by the red arrow, plus a 1.618 extension of a possible ABCD pattern, all at 1.2417. Plus this level was previous support and resistance
I will be selling GBPUSD at 1.2605 at the completion of a possible cypher pattern. This is also previous resistance and is also an even level. There is also a 1.414 fib conflence at this level
Price has formed a big bearish engulfing candle on the daily chart after hitting a very strong trendline. On the 4 hour priced has created a pinbar at the 61.8 fib level and it looks like it will keep going down. I will be selling NZDUSD on a close below the swing low of the fib retracement at 0.7222 which is a very strong S&R level, which will also violate the...
EURUSD is currently testing very strong resistance at 1.0654. It has broke out of a consolidation and I will be buying it on a strong close above 1.0654 and targeting an ABCD completion at 1.0800 even level, and then selling at that level also.
I will be selling EURUSD at 1.0758 which is the completion of a possible cypher pattern. There is also a 1.618 confluence at this level, as well as RSI divergence and a strong trendline.
GBPUSD potential bullish gartley and cypher pattern completion at the same location. Notice the D-leg completion is at 1.2100 even level which is also very strong support on the 4 hour and daily chart. I will be buying at this level.
I will be selling AUDUSD at the completion of a possible cypher pattern at 0.7341 which also coincides with a very strong 4 hour trendline at the same location
AUDUSD is sitting at very strong 4 hour resistance and if there is a clear close below 0.7325 it is very likely to go further down
I will be buying USDCAD at this daily trendline that has been holding for quite some time now. RSI is also very oversold and the trendline also corresponds with a 78.6 fib level
USDCAD is currently is consolidation on the 1 hour chart. I will be shorting on a clear close below 1.3400 or buying on a clear close above 1.3453. Target for this trade is 40-50 pips