see chart for notes hunting bull candles will update as trade evolves
Chatting with Tview user taylorplusdavis put my observation to the test. A Bull Div (possible) for GBPNZD is actually a nice Bearish Gartley completed and ready for its next move down. Enjoy :D
this is a quick long trade before friday EOD trading seeing a reason to go long and snag some quick pips before the long weekend, enjoy and cheers!
checking the 1week USDCAD chart study we can see a recent peak in price this pair is currently in a long bear channel even though the recent channel is bull I'd be very weary towards more Bull with recent USD weakness 2 weeks ago I was aiming for a 1.40 price point before the next dip but fundamentals put a strong Bear move on the more recent USDCAD Bull keep a...
Here is my quick scan of the market. Of course please don't just buy in Long/Short just because strength shows overbought/oversold. There is always more room to 0 or 100. 1Day: AUDCHF - 26 RSI USDCHF - 29 RSI USDSGD - 28 RSI USDDKK - 26RSI Honorable mentions: USDPLN - 30 RSI Rising ATR NZDCHF - 30 RSI USDNOK - 31 RSI High ATR EURNZD - 75 RSI EURSEK - 72...
see chart for notes key ranges are listed in the study
see chart for details eyeing a small 1day bull div with fib levels fractal hunting
looking for an entry - still no sign of bull reversal but it is a div current rough fib levels .382 - 3.69127 .618 - 3.79736 .786 - 3.87289 enjoy
Leg BC is satisfied but could retrace down to its verification which opens the possibility of an .886 movement in the BC leg. Otherwise its a simple jump down below 113 facing 108. Fundamentals are also a big factor so big swings down to the BC .886 or up to the CD 1.618 are respectable long targets to shoot for. I'm leaning down atm but the environment is...
revisiting my old friend bitcoin the recent run up demands some digging on the long charts the 1 week (not listed) has a flat MACD and weaker RSI when compared to last 2 runs up this 1 day we can see how the MACD does reflect a bullish divergence and this run up but it is already losing steam with a bearish formation taking place off those 2 recent MACD...
This weeks aggressive Euro moves has negated some studies and populated other new studies. For the EJ pair we will be looking for key fib levels to define possible Cypher patterns Butterfly and Deep Crab Bearish. Per ususal the market negates our XA move and the study is nullified. 122.887 cannot be exceeded 121.971 is a key .886 level and supports the Deep...
USDCAD 1 Day - Bearish Butterfly - 12/28/16<<>>05/02/2017 Legs A,B,C completed. Leg D satisfied (BC 1.618) 2 days ago 1.37272 Leg D has room to play above 1.37272 some more but last nights action hit multiple walls 1.3746 candles. Short Fib study (1.36499 - 1.37575) .382 1.37164 - sustaining below is key 1st step down .618 1.36910 .786 1.36729 - possible...
While Im a little red assed about gravity defying candles and broker spreads stealing my pips this week, the market cannot pull shenanigans off weak fundamentals indefinitely. EURJPY down
see chart notes for key ranges and notes current move is chasing the AB movement into 118.257 XA - 117.016-120.362 AB - 118.257 range, unconfirmed If AB plays out will update BC next target If AB fails will nullify the study gltu!
2 Gartley patterns will be our subject for this study. Bullish Gartley is the 1st pattern and should be focused on. XA,AB,BC have completed. CD is in play with a price point of 82.664 as its target. What to watch for?? if BC retraces down to the AB .886 or 81.606 then our CD new target will be 82.849. Bearish Gartley is the 2nd pattern. XA has completed. AB...
XA - 1.38045 - 1.45998 AB - 1.40528 - CONFIRMED BC - in play awaiting confirmation BC reference: AB .382 1.42617 confirmed but exceeded AB .886 1.45374 unconfirmed but flirting with confirmation Current leg on deck: CD - BC 1.272 1.39219 What to look for? If the AB .886 1.45374 is confirmed then: CD new target will be: BC 1.618 1.37554
Chatting on Forex Board with user JohnQuid got me interested in this potential EW pattern for GBPNZD. If we are in fact on leg 4 looking at key prices: 1.84327 1.97957 1.84327 holds price the next target is short to 1.73058 1.84327 does not hold, next stop is 1.97957 and Impulsive Wave 4<<>>5 is in play which is a pretty deep dive short I will update this...
The recent EUR/JPY Bull trend appears to be changing structure. - 117.240 must now be surpassed to further define that changing structure. - 116.547 range will be our AB leg. - 117.034 range could then become the BC leg. -116.415 range is the CD leg then we resume upwards. *these study's are flexible so updates will come as the day plays out, for now 117.240...