FXPhantom

FXPhantom

1.3740 level proved to be support for the bulls. If the level finally takes, we'll get H&S pattern confirmed and we might see further decline to the next area of support around 1.67 level which happens to be 50% Fib retracement of the recent move up and potential measured target from the H&S pattern. Coming sell signal on Stoch RSI supports the idea too.

FXPhantom

EURAUD is extremely stretched to the upside so it is reasonable to look for some counter trend trade opportunities. Nice H&S pattern might form on15/1h chart. I'm going get on board once it breaks down through 1.519 level. Happy trading!

FXPhantom

After a nice "post Draghi" move up a corrective move might happen as three little indians formation has formed... Set target at support level around 1.3610 and stop above the highs.

FXPhantom

After pretty decent slide we got rebound and nice divergence on momentum indicator. At the moment pair is facing resistance, consolidating in a flag form which might suggest further move up. The idea is to go long on break up from the flag with the target on next resistance level at 0.92. Stop loss tight at 0.911.

FXPhantom

After nice 5 waves impulse pair is in corrective phase. There is a nice divergence between price and momentum + H&S pattern has formed. Stop loss set at 1.3686 Target at: 13594 which is support level converging with 50% fib retracement.

FXPhantom

Target: 1.329, Stop below 1.313. Level to watch for possible resistance: 1.32

FXPhantom

The idea is to go short on another bearish candle. Point D of Bearish Gartley would be confirmed with double top. Stop loss at 1.275, Initial target at 1.258.

FXPhantom

Potential bearish Cypher forming on SPY. Go short if you will see the topping candle or any sign of weakness around 156.40 - 156.50 level. Initial target 155.50, secondary target: 154.90, Stop Loss: 156.90

FXPhantom

1.335 level looks very interesting. It would be perfect target for the end of an ABC correction (wave 4). Pair will also get support from the lower trend line of the rising channel. Any strength shown at this level might be a signal to go long with stop loss below 1.33.

FXPhantom

Go short on possible end of an AbC correction which retested broken rising trend line around 50 % fib retracement.

FXPhantom

Pair jumped of the support area composed of rising trend line, 1.3 - horizontal support & 50% fib retracement of the last impulse up. Break of declining channel on NFP data was a signal to go long.

FXPhantom

Important level for Cable. Did not make it through 1.63 last May, September & December. Will it make it in January??

FXPhantom

Another opportunity to go short after break and re-test of the lower channel boundary. Stop above 1.324

FXPhantom

After the free fall the pair bounced of horizontal support (tested after NFP report) to retest downward sloping trend line (blue). It might be nice opportunity to short it with the risk well defined.

FXPhantom

Go long Eur around current levels. Convergence of 0.5 fib retracement of the recent move up, horizontal support line, support from the cloud & SMA(100). Stop loss at 1.271, 1st target at 1.2765.

FXPhantom

Go short on bounce of sloping resistance. Stop at: 1.2743, first target at 1.269.

FXPhantom

Couldn't hold above resistance level.... Go short with stop at 1.278, Target 1 at 1.272

FXPhantom

Go long on double test of the support (lower border of the channel - bullish flag. Bounce from the current level would confirm perfect ABC correction where 0-a = b-c. Stop loss at 1.275. First target 1.2885.