Quad_x
Bullish Gartley forming CADCHF 240Same scenario as my previous entry for the CADJPY.. New to harmonics, but a potential bullish Gartley forming with potential for modest gains on a long position once we get completion of the CD and confirmation of the retracement. Look for confluence and trade with confidence!
QDX!
CADJPY Bearish Gartley forming on the DNew to advanced patterns, but from my understanding, a bearish Gartley is starting its CD leg with a potential D completion around 86.8. Looking for the sell around that area and also looking to gain the even more valuable experience.
QDX!
Predictive Analytics of USDJPYI'm currently bearish on this pair and believe the current downward bias will continue to the outlined targets. However, if the contrarians find footing and regain former areas of support, a potential upward shift could occur. This pair is building up major potential on the weekly chart and is priming for a significant double pressure situation. Direction to be determined.
Weekly Outlook USDCHFThis may be my pick for the near future to really make some big moves (based solely on technicals). Price action is indicating a move down to the bottom of the long-term channel with a likely bounce to the upside. I am seeing a significant ascending triangle with multiple bounces occurring more frequently on the top side. This pair could break to some significant highs. For now, staying on the sidelines.
Waiting for more movement on USDCHFPrice has come to a point where an ascending trend line has met a fairly strong level of resistance. I would be looking for either a test and bounce back up from the trendline or a break to the bottom and retest of the trendline for a position. Will have to wait for price to reach my "BUY/SELL ZONE".
Weekly Outlook USDJPYThis pair is showing some exhaustion and bounce right on the .618 level of the short-term bearish trend (that ultimately broke the extended uptrend), signifying a bearish sentiment in the short term. I'm expecting a double-bottom to form around the outlined areas of structure. Had this pattern been one in my strategy, I would probably be looking to short this pair for some quick pips off the bounce. Let me know what you think!
Weekly outlook USDJPYPotential short term downside movement, price has some strong resistance just above it with some yearly highs. A shooting star has formed on the first daily candle of the week signalling some bearish movement. I'm looking for price to get down to that recent low which has plenty of tests to the left.
Weekly Outlook GBPUSDAs with its correlated pair, EURUSD, I am expecting some short-term upside (very limited) as it begins to range within the green area outlined on the chart. Long-term, I see this pair as continuing its downward move. It should reveal its upside weakness shortly, likely around the .382 fib level, then bounce a few more times on the lower boundaries of the range before breaking downward.
Weekly Outlook on EURUSDShort-term, this pair has some bullish potential. It is currently sitting within a zone of significant lows, and with waning momentum on the USD index, it could return to the value zone and even continue towards the top of the current descending channel. Not interested in entering, but very interested in future opportunities. If it does not reach the top of the channel, it could continue to consolidate into a well-defined triangle. Let me know what you think, whether you agree or disagree!
QDX
Quad X
Predictive Analytics of the AUDUSD DSo, a lot to consider, but one thing seems likely- a strong move in a relatively short amount of time. There seems to be demand pushing this pair right into a high-pressure zone. I'm bullish for a few reasons, one is that it is sitting near long-term lows, two is that is has some attractive areas of potential support within range, and three the flat bottom of the consolidation (I don't have stats) seems to repel impending breaks. I am expecting a thrust out of the descending channel and have confidence it will get to the second target. The third target is my long-shot, but I put it there because i feel it has a pretty good chance of hitting. Definitely going to watch what happens around the first two targets before I'm fulling behind a potential move to the third.
Technical Analysis and Potential Break Setup USDCADCurrently bearish on this pair, but a lot still left to be seen. Potential short-term sell opportunity if exhaustion forms around current price point, indicating a likely move down to the bottom of the current channel. Once it reaches the bottom, a break to the downside has a high probability of happening due to an extended period of time spent within said channel. Upward trend weakness can be seen, signaling an imminent reversal.
Technical Analysis USDSGD (Bearish)Inverted cup formation with a rectangle bottom just waiting to be broken to the downside. Wait for confirmation of the downward move once the rectangle is broken and enjoy the ride!
Waiting for USDCAD Ascending Channel.Price recently showed weakness on the lower trend line by testing it and not being able to get past the recent high before going back down for retest. Shows bearish strength building. Hoping for a break of the lower channel line soon for a short position. May take smaller sell if it shows good exhaustion in closest exhaustion area.
USDJPY Potiential SellMissed my sell opportunity at the sell zone when an exhaustion candle formed. I'm hoping price will go back up enough to re-test that level before continuing down. Definitely bearish after the break of the ascending triangle.
