Medianline
Eurjpy longHello folks,
Most people are seemingly bearish on this pair and I don't blame them, even my own analysis did show some mixed feelings
but the bias for bull is stronger. Its a medium probability trade with very good risk-rewards potential so I took the trade.
Target is price structure + blue medianline.
Cheers & goodluck
SandP 500 E-Mini Futures 60 CME Updated 5/26/2017 Price is continue to follow the frequency on the lower blue median line. Look to see if it drops back down to the 2404 area before going higher. I do think price may be a bit extended at this point. It has gone up around 75 points since the bottom near 2344. I added the pink median line as a possibility, We would have to break 2404 and lower to see any trade possibility with this fork.
SandP 500 E-Mini Futures 240 CME Updated 5/26/2017I have added an old fork that has captured price nicely to show the recent drop in price. I am looking to see if price comes down to touch and continue we could go to WL1 of the blue fork or at minimum around 2440. Watch price action as it comes down.
USDCADHello,
First of all sorry for the cluttered view, I tried to make it as clean as possible.
On the chart we have several pitchforks to indicate where price is headed.
The sliding parallel which has been projected more than once keeps on being
respected by price. The smallest(black) pitchfork still holds value as its
warningline(black dashed line) formed a confluence with the projected
sliding parallel at which price bounced after contact.
I do understand this analysis is too late as price already bounced but a retest
might give you a second chance!
Goodluck
SandP 500 E-Mini Futures 60 CME Updated 5/24/2017 Price is starting to stall at the upper median line area and the 2403 area as mentioned yesterday. Look to see if price can dip below 2394.50 area. If it can, then look for a test of the upper gold median line before showing you what it is going to do.