Ascending triangle pattern indicating high possibility of upward momentum. Taking into consideration the structure of the price action, it's indicative of forming an expanding triangle if the ascending triangle is rejected,
A bullish gartley pattern emerging on oil. Wait for price to come to this level and shoot for targets at the .382 retracement (48.82). Put your stops beneath the X-leg
The market moves sideways last few weeks on 1H FX_IDC:EURUSD chart. It has formed a bat pattern, which gives a exact entry point and SL & TP levels. In addition, there is support level at 1.0882. The price respected that level few times and it is more likely it will do it again. Big buying orders usually placed at key levels, which will push the price up. Those...
S and P 500 Despite it's reluctance to join in the Euro party this index still has a positive chart. Only a break below 2377 would change the near term outloook to bearish
Over the weekend I am looking to get a lot of charting done. First I am looking at a long 5-O position on the euro/aussie on the daily timeframe. Price has spiked against the weekly trend line, which I expect it will do so again. I used the XABCD tool to map the 5-O; where our B point would be on the pattern (C point on the tool) is a solid 1.618 extension of the...
Here is a bullish pattern forming on US Oil- if price dips to this level it will be a KEY area for support! If I decide to take the trade this may be relatively longer than my usual swing trades due to being drawn up on the daily chart. Either way, it's good to draw up and look back on! I may have a glance over the oil inventories before taking the trade ;) Bat...
Price on this pair has reached a level of resistance and, according to the cypher pattern, should almost be ready for a short. We have NFP coming out so we will not take any trades until after the initial reaction simmers, but going into next week this will be a pair to watch! There seems to be a support level surrounding the 38.2% retracement level form C to D;...
Down moves on Gold have been more aggressive than up moves lately. Could be on the verge of a nice SELL at monthly resistance trend line...or not!! Either way, one to watch... 1500+ Pips SELL if we don't breakout to the upside! Good Luck! KEEP THE RADARS UP!!!
A harmonic pattern completed. Currently waiting for a double bottom to form to buy. I will be looking to sell after the target is reached. If the pattern fails and price make new low, I will look for a retrace and a sell continuation. Trade with care.
Hi everyone, We broke a descending trendline and made a flag: buy the breakout of the flag!
50+ Pips SELL if this turns bearish... Good Luck! KEEP THE RADARS UP!!!
Potential opportunity to short EURUSD on Daily chart . PRZ is around the area of a significant resistance @ 1.11359 If Price does break that level, this would be a great opportunity to short
Potential opportunity to short EURUSD on Daily chart. PRZ is around the area of a significant resistance @ 1.11359 If Price does break that level, this would be a great opportunity to short