Bullish Cypher pattern in a consolidation. Larger trend is bearish may want to opt for conservative targets.
Bullish Gartley pattern setup on 4hr Gold chart. Entry level D point at 1.27 ext of AB has already been tested once, however the market has not yet reached the target 1 level so entry is still valid if you are not already involved in the trade. There is also a double bottom/RSI divergence opportunity setting up at the D point of the Gartley pattern. Targets for...
When the market broke the 1.4480 resistance area to the upside the expectation became an eventual test of the 1.4710 resistance area. The market has pulled back to the 1.4480 broken resistance area which is likely to now become support on first test. If the 1.4480 area holds the market will likely retest the high of the breakout around 1.4660 and then...
The market has been trending higher making it's way towards the 162.50 resistance area. Price is currently pulling back towards support. The support zone is an area of confluence comprised of: the previously broken swing high within the uptrend which is now likely to act as support, and a cluster of Fibonacci retracements measured from the two most recent bullish...
If bears can hold the market below the main inflection zone highlighted in red, the expectation is a test of the 1.1080 support area. This sets up a bearish opportunity with around a 3:1 reward to risk potential. Stops should go behind the 1.1240 swing high invalidation point.
USDCAD at decision point, either the current uptrending market structure will continue, or the higher timeframe bearish trend will assert itself and push the market lower violating the current uptrend. Either way there is a bullish opportunity at market. If the bulls hold above the 1.2835 area the market is likely to retest the high of trend around 1.3200...
Mkt making lower lows & lower highs forming a downtrend. Currently the market is in a recovery rally and testing the previous swing high of the downtrend. This sets up a bearish trade opportunity at great location offering traders around a 3:1 reward to risk. Although the invalidation point for the downtrend is technically the 1.3215 resistance zone it makes...
The USDJPY has been putting in a series of lower lows and lower highs forming an organized downtrend on the daily chart . The market is currently in a recovery rally and approaching the 111.00 - 111.90 resistance zone. This area of confluence is comprised of the previous swing high of the downtrend, the lower edge of a descending triangle that was previously...