Medianline
USDCHF: Selling is our OptionLooking at the 240min chart of the USDCHF we may see that price is moving in a descending channel, with price testing the upper parallel. We already see a rejection at the trendline - a bearish pinbar for those who trade price action. No matter what is your strategy, keeping an eye for a sell setup at the parallel acting as resistance is a nice idea
SandP 500 E-Mini Futures 240 CME Updated 10/10/2017Price has come up to the top of the median line, and also the top of the action reaction set. Look to see if price will hold here at 2537 and try again to rise up to hit the upper median line, or if we could fall down to test the next sliding parallel as support.
USDJPY: Two Factors to Watch for ShortsPrice has reached the sliding parallel of a downsloping median line, above the upper parallel where previously found good resistance dropping to the down. Now testing the same parallel we may see that we have a massive rejection a very good signal that sellers are making the presence once again. If you trade candlestick formations you already have a nice bearish pinbar to go with. Otherwise just wait for a sell setup completion and aim for the sliding parallel acting as support, as shown in the chart
USDCAD: Uptrend is About to EndPrice has been in a correction for a while moving into an ascending channel. Although we have an uptrend in front of us, my view is bearish in this pair. A bearish divergence is showing this upmove is losing steam, and most likely it will reverse. Take no action till price breaches below the lower parallel of the channel. Than wait for a pullback before shorting USDCAD.
SandP 500 E-Mini Futures D CME Updated 10/4/2017Price has broken above the action reaction set and has fallen back into the blue median line fork. Look to ee if price cant continue higher, or if we get a rejection on these new highs soon. Look to see if price comes down to the 2525 area, then shows support.