positionforex

positionforex

Current State Summary: EUR/USD ascending triangle has broken to the downside. Momentum has gone flat after the rally from mid-August. The trend has remained bearish throughout this rally and stopped at 1.1750 resistance level. 1.1750 has been strong resistance since early June. What Comes Next: Since the broader trend is bearish and the current sentiment is...

positionforex

In an uptrend since April 2018 and peaking in August the Aussie has been giving ground to the Kiwi ever since. Having fallen to the trendline is this the place the Aussie returns to Bullish form? Overall momentum is positive but the signal line is sitting with the indicator line. If the signal rise can rise with price and push the bullish Aroon line up this...

positionforex

EU chief Barnier settled markets with a 6-8 week window for a Brexit settlement. The Euros reaction was to selloff as panic in the Pound receded. Now a channel has formed, and there is a possibility for a reversal pattern which will keep the short-term rally moving higher. Any harmful noise from the conservatives in the UK may have a bearish impact on the...

positionforex

The pair are trading in a range and the spinning tops at support may setup a reversal. The range is nearly 500 pips which can make for a good range trade. Waiting for confirmation. Follow me on Twitter @sealionllc Website: www.sealionllc.com

positionforex

If the "hammer" doesn't get confirmed and support fails price is heading to next level support at 1.2850

positionforex

NZD/CAD has a pattern of lower highs and lower lows and the price action starting 12/20 is a double bottom that is failing. The candles foretell a lack of bullish conviction (spinning tops). I will update the chart with a new stop as it progresses. Follow me on Twitter: @sealionllc Get my trading signals at no cost or obligation

positionforex

The USD/JPY has rallied aggressively since election day, but that may be ending now. The "spinning top" of 12/2-12/6 was followed up today with some selling. Current prices are at resistance levels seen in February and March of this year. I would like to see price move below 112 before considering a short trade but the beginning of a reversal pattern today is...

positionforex

Will crude oil create a reversal pattern starting with this "spinning top"? Perhaps a "Bearish Evening Star"?

positionforex

With Crude Oil touching its recent highs and failing to push higher, perhaps this an opportunity to see crude sell-off and exploit the overbought condition of the CAD. Outside of higher oil, there is no reason to buy CAD, and against most currencies, it has been selling off on longer term charts. The likelihood this is a swing low for AUD/CAD is likely here. ...

positionforex

EUR/CAD's sell off has paused at support. The "spinning tops" and "long legged doji's" may be setting up a reversal. If OPEC hadn't hit the news today would the EUR have rallied? Follow me on Twitter: @sealionllc Receive all my forex signals for free Website: www.sealionllc.com

positionforex Updated 

Since the USD decided to take a breather the AUD has retraced some of its losses. Since the likelihood of USD regaining its bullish momentum seems likely to me (too many fundamental reasons to list here) I am watching for a candlestick pattern to signal a reversal. Follow me on Twitter: @sealionllc Get my trade signals for free Website: www.sealionllc.com

positionforex

The EUR/USD bullish engulfing pattern from the coincidence of horizontal resistance and channel support presents a long entry opportunity. The target is base of the last swing low. Follow me on Twitter: @sealionllc Get all my trade signals for free - no obligation! Website: www.sealionllc.com

positionforex

The USD/JPY rally has ended with this reversal pattern. The"bearish evening star" reversal pattern requires a bullish rally followed by a small spinning top candlestick and a sell-off. The pattern works best when the sell-off penetrates the majority of the bullish candlestick where the pattern began. In this situation, price is now below the opening price of...

positionforex Updated 

Watch for a reversal pattern to return long or a failure to make a run at the short side.

positionforex

The breakout in early November and the election volatility is behind us now. Price can rally to resistance and today's pause creates an opportunity to enter long. - Alan website: www.sealionllc.com twitter: @sealionllc

positionforex

The broader trend is down with support below. Watch for a reversal pattern.

positionforex

white spinning top at support last week still looking for a pattern a positive few days - price could run to falling trend line more analysis at my website: www.sealionllc.com follow me on twitter: @sealionllc

positionforex

The more often resistance is tested the stronger it is IMHO. Without a major catalyst can the USD break through? Is Trump's such a catalyst? See more analysis on my website: www.sealionllc.com Follow me on Twitter too! @sealionllc