CroomFX

CroomFX

We had a pullback of our first corrective wave price rejected @ the .50% retracement level. Price failed to retest that support level @.73810 signaling a change in momentum. We have a break of the lower channel and price is pushing toward an ABCD correction pattern or headed to the .618 of the whole wave count. Nice setup to watch going into next week. Thanks

CroomFX

Strong impulse wave off resistance @ .86920, first pullback price is having indecision at the .618 level. This sets us up for a nice 1:1 market ratio move. Overall bearish trend pretty clean setup, stops above the .786 area.

CroomFX

we had a nice retest and momentum shift in our PRZ zone for the Gartley completion . Daily support @ the 74600 area, if it doesnt break im predicting bullish moves going into the week.

CroomFX

We have a break pass the B point, setup looks fairly clean

CroomFX

After the C correction Wave we had a strong bullish move off the channel with a textbook candle reversal pattern. We have another strong push down which i feel could possible behave similar to the impulse wave before it.

CroomFX

Simple ABCD pattern on the USSwiss, we have retest and rejection off the .618 and the momentum is flowing accordingly. Overall its a pretty easy setup, and execution.

CroomFX

USDJPY has been moving in a bearish channel all last week. We have a break and retest of the channel to the upside, which gives us a potential C correction Wave to establish the new dominant trend.

CroomFX

Wave 3 completed a 1:1 market ratio move of Wave 1, aka ABCD pattern. Then, price rejected and retraced to the 50% level. With respect on the bullish trendline and the consolidation of the 50% level, we can anticipate an upward move. Also, since Wave 3 rejected at the 1 to 1 move, it was identified as NOT an extended wave, therefore that leads us to believe that...

CroomFX

AUDCAD completed a nice Gartley pattern at the .95000 area, dropped a bit lower into an inverse head & shoulders pattern which gave us the push up. Its important to note the inverse pattern and how it played the 1.272 level. Now we have another Head & Shoulders setup @ the .98500 area. I will have more interest in the sell once we get a BREAK AND RETEST OF THE...

CroomFX

We have a subwave 5 push to explain the continuing trend, possible correction to the downside.

CroomFX

We fell right into another GARTLEY pattern off the weekly/daily chart. 1. D point is at the .786 retracement level 2. Divergence on H1 with RSI (5) 3. We have our retest of structure 4. Oversold Territory on RSI (7)

CroomFX

Looking for buys in this area, price broke past the 1.272 extension but rejected the 1.414 so far. I have stops right under structure support below with targets at the .382 and .618 Fibonacci levels. RSI is showing a bit of divergence and with it still being Monday I'm going to naturally let this trade play out at least until midweek.

CroomFX

Overall in a bullish trend, we have some price rejection @ .98293, a strong resistance level. We have a few opportunities to capitalize on minimal risk trades above that resistance level to the downside. 1. I have a ABCD pattern with a D completion @ .99170's giving us a 1:1 market ratio move. 2. We have a Gartley pattern completion in the same area that...

CroomFX

USDCAD has shown bullish momentum all week, after this bullish cypher pattern we immediately fell into a potential Gartley setup. We seem to have price rejection at the .618 retracement level, and if we can get price to push anywhere in the .618- .886 area, from our A-B fib ratio, that would confirm our C leg, and give us more confluence if it respects the trend...

CroomFX

Oil dipped down outside of our zone at the 46.50 area. However price has respected the .886 retracement level, and is continuing to make higher lows. Selling opportunities come after price breaks above the 46.00 zone, providing a chance for the pattern to complete and ultimately continue to the downside.

CroomFX

Off the initial pull up from .69786, price rejected on the bearish trend line and pulled back to the .618 retracement level. We then had a 1:1 market ratio move up to the 1.272 ext. area at .73141 which gave us a ABCD pattern, then saw the market turn over. That push down from the extension level gave us our Cypher pattern opportunity when it broke the respected...

CroomFX

EURUSD has been consolidating in between the 1.05000 and 1.15000 area. We had a perfect wick touch in our supply zone and a sharp push down towards the bullish trend line. Once we had a break through and retest of that bullish trend line price continues to push higher into our D zone to complete this Cypher pattern. This could present i nice opportunity to take...

CroomFX

For oil i have a key level of price in the 46.03 to 46.60 area. Since we had a strong push above our most recent resistance level at 46.03, I'm looking for a small pullback into my supply zone or maybe even a retest of the 46.03 price and then price continuation upward. Next target level of new resistance is around 47.97.