Chf/Jpy broke trendline and rejected fork. In what looked to be corrective move, but this last push was fairly aggressive. London close looming. These are the kinds of places to get tight entries but better to wait for some sort of confirmation.
ACAD looks to have made a 5-3, and is on 5. Only counts 3. Could look to at least scalp to trendline. You do not just hold if it goes up. I gotta run out I won't be watching. Don't take it if you don't need to.
Trade it if it breaks to upside. 1st TP 400 MA on 4 hr. 2nd TP supply zone.
This was the one I have been waiting for. told you a while back... could break the trend line on the weekly and shoot back... But you have to understand how price moves. These USD pairs can create larger corrective patterns, or they just go so you don't just go jumping in everything. Either way, they will pull back at some point, or at least make a small flag...
Same concept as NU, look to sell any flags. At the level right now that I would like to see it break
NU may be on the way down now. That horizontal ray line is what I want to see it break. It produced a 1 hr correction. I can see the potential for further correction here, like another little shoulder like it made, but looking to be on the way down.
These are the 2 scenarios scenarios I see. Looking for them to scare or take out sellers if they are going to continue down
Ucad is bottomed out on 4 hr, You see the fork, equal length and diagonal pattern it is in. This diagonal can extend down one more but I don't think it will. I would trade the break out to trend line and leave some to ride just in case tomorrow USD news drivers push it up....
Gcad is making a small diagonal with some nice divergence on 4 hr. It could spike up 1 more wick in my opinion, but look to trade the break of this small structure to test the 1.75 level which is right above the high it broke, and maybe leave a little to ride. It's going at least retrace a wave 1 at some point, which could be 50% of move up. Strong uptrend, but...
It is very possible that the lower high Echf made is the beginning of a downward move, as far as pattern and count works out.. I'm talking that whole long consolidation, which has been 3 large correction patterns combined as I see it... However, Due to the nature and length of this consolidation I don't feel right calling a signal on this pair. It broke trend line...
NZDJPY appears to be making a combo pattern.... It can make one more up within this pattern to top of fork, however 4 hr and daily are TDI turned down. It may just correct down from here. you had a small possible sell setup, but NZD news this afternoon, so I would wait and see if it provides any opportunity
I don't like to call any trades this time of day, but Gchf looks to me like it is on the way down. Look at the 1 hr with bollinger bands (20 MA) and a 50Ma on 1hr. You will see price right between them as I type this. Broke both highs on daily and 4hr. No TRUE confirmation yet on longer term sell, just a supply zone and looks to me like they may have done their...
I've been talking about this one. I posted a london close scalp. But I am still looking for the longer term sell. Right now we may have a diagonal pattern here in which wave 5 is breaking out of the trend line. However it is dangerous to just enter and hold, but if you did scalp or see scalp entries entertain the possibility of this daily candle becoming a wick......
You have to be careful with these. The entry should have already happened, and you may get an upward pattern that produces another entry.....
Obviously EU is going up. But you see the 124.000 price level/ 1.382 fib extension. May get some sell off.
Dollar has not so much as flinched. Could still be in the sell setup it made yesterday. I hope no one just entered the buy without any confirmation. I will let you know if I see anything.