samcco09

samcco09

There is a potential head and shoulder pattern forming nicely on the 4hr chart. For confirmation of a short, look for a break of the neckline of the pattern and a retracement back to the neckline (now resistance) before entering. The overall recent trend of USD/CAD has been bullish, but we could be seeing a retracement to fibonacci support levels from the recent...

samcco09

NZD/USD may be slowing down its momentum and could provide a nice opportunity for a quick trade. -Pin candle formation at resisitance/swing high on 1H chart -Pin candle formation on daily chart -Stochastic RSI about to cross in overbought territory -MACD bearish divergence -RSI bearish divergence

samcco09

GBP/NZD appears to be forming a bear flag pattern with the flag at previous structure zone on the 4H chart

samcco09

USD/JPY is nearing a zone that could provide a good short opportunity -Price action is approaching resistance from a multi-month trend line that goes back to February. -As shown on the chart, there a previous structure zone where support turned into resistance. -The MACD and RSI is showing bearish divergence, with both reaching lower highs while price action hit...

samcco09

-NZDUSD is currently forming a bull flag pattern -The potential bottom of the flag found moving average, trendline, and Fib support -Stochastic RSI is in oversold territory and may soon cross over -With the poor non-farm payrolls report, and dovish tone from the FED, there may be a bearish outlook on USD since a June rate hike is probably no longer on the...

samcco09

- EUR/USD has been contained in a multi-month channel, and is now approaching the bottom of the channel - There is divergence on the RSI where PA is making lower highs/lower lows and RSI is making higher highs/higher lows - There is also divergence on the MACD, where PA is making lower lows while the MACD higher lows - Bullish MACD crossover These factors give a...

samcco09 Updated 

-GBP/CHF is nearing the top of a multi-month channel, and could be a good short opportunity. -Beginning to see some bearish divergence on the RSI near overbought territory -Before entering this trade, I am looking for a break of the green trend line and waiting to sell the pullback