


Price has reached a key level and as you can see on chart we had first rejection of monthly resistance. We might have another attempt however I don't expect it will be broken speciallly as we appproach weekly tredline. If price reverse keep trade until full target reached, Target has been calculated as per my previous post from weekly head and shoulders pattern.
I have marked on chart two possibly reversal zones. First in confluence with wolve wave pattern and second as a test of weekly structure / trendline. It would be good idea to try to buy from marked areas on lower timeframes with fantastic RR and target at magneta line.
We have a triangle pattern in development on daily timerframe. I expect breakout to the downside. As triangles usually take long time to develope it might take a least couple of more days to complete pattern.
We having a pullback after breaking triangle to dowside, Upmove should not go further then point E as it will invalidate setup. I expect another sharp move down to target in area 2068.
Possibly bearish Gartley pattern on monthly timeframe as a sign of huge trend reversal.
We have a classic head and shoulders pattern in play on weekly timeframe. Still roughly 500 pips to hit target. I expect a corrective structure afetr last move down in coming days / weeks. I will try to post sell setup on lower timeframe if appear.
If price beak bottom trendline of channel wait for correction and enter short position with target 0.62300. If one more wave up you can try to short in 0.75200 -0.76000 area.
We have a triangle pattern in development on weekly timeframe. We have also huge gap which has not been filled yet. There is still posibility for new H3 and L3 of pattern in making. I have a two strategy to play this out : 1 - early entry if price pull back to yellow zone with SL below it with much beeter RR 2 - tradinional entry when price break out fom...
We have a bearish wolfe wave pattern in development. You can try to short with SL above recent high and target at yellow line or wait for confirmation and sell after of breakout of white line to downside
Trianglre pattern has been completed on daily timeframe. Wait for the price to pulls back to grey box zone for second chance to buy the breakout from traingle.
Wait until prcie reach target from triangle pattern and then can try to buy with target up to upper magneta line. Watch price closely on lower timeframes in yellow box zone for any signs of potential reversal. If price breaks below highlighted area setup will bge invalidated.
NZDUSD is about to complete 5-0 pattern on daily timeframe. It is a good idea to short as per yelow zone on chart. TP 0.70400 SL 0.72850
Bullish bat pattern has been compleated on hourly timeframe and it would be a good idea to buy with 0.5 fib retracement target
We have a bearish bat pattern in development on 4hr timeframe and wolfe wave pattern. Can try to sell from yellow zone box for bat pattern or wait for confirmation and sell when price breaks magneta line for wolfe wave pattern.
I expect a breakout from trangle to upside as a last move up before reversal. Target on weekly timeframe ties up with target on higher, monthly timeframe.
Price has beem moving in descending channel from beggining of 2015 and at moment I see a good opottunity for nice trade. I cosider 3 scenarios : 1 price break to upside and first target would be at yellow line 2 price bounces back and makes another move down to bottom line of channel with target around 65-66 level 3 price breaks from channel and goes sideways...
AB=CD pattern has been completed on 4hr timeframe. It would be a good idea to sell from yellow zone box with SL above it and target as per chart.
We have a bearish butterfly pattern and posibly wolfe wave on hourly timeframe. It would be a good idea to sell from yellow zone box with SL above it