Koonzy

Koonzy

Wait for bearish candle to form with long wick and then should be a short down to previous support resistance zone.

Koonzy

Should come up to support and then look for bearish candles to the downside to previous support zone.

Koonzy

If we can get through the resistance (black line) and retest - the harmonic pattern will be confirmed and should be good to take profit at next point of resistance (green line).

Koonzy

Looks like we are heading towards resistance on the 4-hour. There is also a rising wedge pattern with volume reducing. Should break to the downside showing a general weakness in the dollar index as well.

Koonzy

Good risk reward on a bullish harmonic pattern. Good opportunity to go long with little risk as price is testing the 45 degree trend line up.

Koonzy

Nice opportunity for a pitchfork trade to the downside. Take profit at midpoint and/or bottom of pitchfork.

Koonzy

There is a nice Bearish Butterfly setup in the CADJPY. The pair is also trading up into the bands. Follow the 45 degree trend line down for profits and adjust risk/reward as you see fit.

Koonzy

Nice bat pattern is already formed. Also there is divergence between price and RSI. Follow the trend line down for profit as there is a nice risk/reward ratio.

Koonzy

Silver has been oversold for some time now. There is a nice bullish shark setting up. Also, take note of the divergence between price and RSI. This is all dependent on the USD of course, but we could be looking at a bounce up from here.

Koonzy

Keep a short stop and adjust stops just above the 45 degree trend line.

Koonzy

Good opportunity to get in at the 45 degree trend line with a short stop. Ride the trend line down adjusting stops to just above the trend line.

Koonzy

Looks like EURNZD has the juice to hit the weekly top. Where after that? Possibly back down? Doesn't matter. Take the long to the top and then see what direction it wants to go after that.

Koonzy

Good Risk reward on this one. AB=CD .618 fib retrace. Look to take profit or adjust stops when price hits the center of the pitchfork.

Koonzy

The price is overextended in the oscillators. Price is also reaching into the upper Bollinger bands (not shown on this chart). The bearish black swan is icing on the cake. Wait for day pullback and go short if it looks like there is momentum. Follow the 45 degree trend line to profits and adjust stops as necessary just above the 45 degree trend line.

Koonzy Updated 

Possible bounce off Schiff Pitchfork channel. On the 4 hour there is an AB=CD completion. If you zoom into the five minute there is a 1-2-2-2 bullish harmonic pattern completion. Pair is at the bottom of a Schiff Pitchfork support and oversold on the oscillators. Look for a retrace to the midpoint (price target 1) or top of the channel (price target 2).