Capricorn_Trader

Capricorn_Trader

On the monthly time frame price broke the monthly resistance of 1.4294 that have been rejected multiple times since November 2004 and is now testing it as support. The Swiss franc against the Singaporean Dollar cross pair is also helped by a bullish trend line support that have helped in pushing price higher. On the weekly time frame the 1.4294 support being...

Capricorn_Trader

The index is in a corrective phase on the monthly time frame. On the daily time frame it is completing the CD leg of a bat pattern whose target aligns perfectly with the 38.2% fibonacci retracement level taken on the monthly time frame. Short positions can be opened with stop loss a few pips above C point and target at the green horizontal line indicated on the chart.

Capricorn_Trader

The Euro Swiss franc is about to complete it's CD leg at exactly 1.11270 which is it's PRZ (potential reversal zone) where we shall expect a reversal.

Capricorn_Trader

The pair has broken out of the triangle and will exhaust the upside at around 1.11270 where retracement is expected.

Capricorn_Trader

Etherium is shorting to around 1254.34 to 1114.37 area where it will reverse for long positions placement. The crypto is completing the CD leg of the gartley pattern it is forming. Short positions can be placed at its present position to the PRZ area.

Capricorn_Trader

Silver is in a decending channel and is about to reverse at the trend line resistance. At the confirmation of entry rules a short position can be placed to exhaust at the trend line support.

Capricorn_Trader

Guys, crude oil is in a corrective mode. On the weekly time frame, we see it has not reached the 38.2% Fibonacci retracement level which is the minimum price it should get to before resuming the bullish trend. We can look for entry on the lower time frame to get us to 54.84 area.

Capricorn_Trader

The pair has just broken the neckline (B point) resistance and is retesting it, from where it will go long to exhaust at 1.57536 area for a potential reversal.

Capricorn_Trader

Bitcoin is currently retesting a broken support from where it will continue it's bearish move to complete the CD leg of the bat pattern in formation. Target is between 49230.41 to 48022.07 area where a reversal is expected.

Capricorn_Trader

The pair is in it's last lap of completing the BC leg (Shark patterns are labelled 0XABC) of the shark pattern. Currently price is retracing to around the 50 and 61.8 area where reversal is expected. When the reversal occurs, it can be shorted to the area where the horizontal line is.

Capricorn_Trader

The Pound is in the process of completing the CD leg of the butterfly pattern which will exhaust at 1.37107. This confluences with the gartley pattern formation on the daily time frame and both exhausts at the same point. A break of the current level of support will short the pair to the 1.37107 area where reversal is expected.

Capricorn_Trader

The cable is will complete the CD leg of the gartley pattern when it breaks below it's present level of support where price is hanging. The D point which is a PRZ will exhaust at 1.37107 where we shall expect a reversal.

Capricorn_Trader

In the near future the Euro will weaken and fall below the present consolidation area. We can then sell once entry requirements are met according to our strategy rules. At the moment we have identified a gartley pattern on the daily time frame in addition to horizontal resistance and trendline resistance.

Capricorn_Trader

We can see that according to the upward channel formed by the gradually growing pair, the better option is to take long positions on the yen. But at the moment, it is at the beginning of a downside correction as we can see the oscillators are all in overbought region.

Capricorn_Trader

Trading in a downward channel, the euro continues to drop, this pattern will continue until the pair tests the channel support.

Capricorn_Trader

You can see that the dollar index trades in a upward channel and will test channel resistance before making a turn downwards.

Capricorn_Trader

The yen shows divergence, hence we go short under 129.968

Capricorn_Trader

In the coming weeks we will see the greenback growing. long positions are adviced.