Sell the EUR/USD at channel resistance and horizontal resistance level for a quick move back into the bar channel. Stop above 1.3700 which offers 2:1 R/R targeting the prior swing low. The overlapping wave structure in the current downmove may indicate its corrective nature therefore the bullish trend may resume invalidating this setup.
Since the support line of the current triangle pattern held at 105.50, the price is bouncing up hard, now approaching the top of its recent trading range. The bears should not give up the 108.25 level too easy because of the horizontal S/R and the 0.382 fibo resistance of the last leg down from the 113.00 swing high. By the way, the 108.25 is at the same level as...
Enter long after price touched the 0.50 fibo level of the last move, set stop loss to 2x R/R ratio.
Short-term long entry for a bounce up to the 1270.00 resistance. Weak R/R ratio on this trade, around 1.6
Long the US Dollar index with 1.9 R/R ratio. Bullish trend channel support and horizontal support
The overhead resistance levels are still intact, only above 1270.00 I would consider longs with 1360.00 target. If the short-term bearish channel remains valid we will see another test of the 1180.00 lows. Watch the 1220.00 interim support for hints on the next move.
Long entry at confluence of 0.50 fibo level of prior upleg and horizontal support... Stop below 114.00, target 126.00 with good risk/reward of 2.7
Long AUDUSD after a breakout pullback at the 0.9000 level. Stop below 0.8945, take profit at 0.9160 which offers a 2.2 risk/reward ratio.
Gold has completed an AB=CD pattern with an exact 1:1 measured move to test the 1180.00 major low. Above 1260.00 there is scope for an attempt for a higher high above 1360.00 with an interim resistance near 1335.00. A failure to break above 1260.00 should bring another test of the 1180.00 lows.
Long entry at channel support which has confluence with horizontal support. Target 112.00, S/L 107.50
Long entry at the rising short-term trend support and the 0.382 fibo resistance level. Entry @10605, target 10660, stop 10575.
Breakout-pullback long entry after a bullish breakout from the recent consolidation range. Target 742.00, stop 716.00
The WTI crude oil trades above the previous week's high and shows a bullish trendline breakout. In case the price can clear the overhead resistance near 95.35 watch for a pullback entry for a second upleg towards 99.00...
Sold the US Dollar with a breakout pullback entry after the 10610 support was broken. Target 10560, stop-loss at 10631. Risk factors: - the rising S/T trendline is still intact - the downside breakout didn't have a solid follow through
The Dollar Index trades rangebound above the 10610 level which shows a confluence with the rising trend channel from the Nov.24 low. I prefer the upside with a bounce from here but the overhead resistance at 10650 (check the daily chart) needs to break up for further gains. A break of the 10610 support has scope for 10540 with an interim support near 10580 (0.618...
The cable shows a bullish breakout from its recent range. Watch for a pullback entry near the top of the sideways range. The 1D breakout candle has to close above its midpoint to maintain the bullish view, otherwise it is only a knee-jerk bounce to retest the upper side of the range following a failed downside breakout.
Natural Gas shows a strong breakout from a triangle pattern on the daily chart. Watch for a long entry on a pullback if/when the price attempts to retest the breakout level (bullish gap). Note that breakaway gaps in most cases don't get filled.
Entered long on a pullback after UKOIL broke above the 109.00 level. Entry @ 108.57, first target 111.20, stop 107.25