MLesan

MLesan

Bear flag formation on 1hr chart. Target at .97 area.

MLesan

Rising channel as price has been consolidating on hourly chart may be ready to break out soon into support level around 0.8570- 0.85 area.

MLesan

Price may retrace back to break out of support zone at 1.48/1.49 area and proceed to move higher into 1.53/1.55 area at 200 day ema and resistance level.

MLesan

Falling Channel/ Falling wedge formation on daily/weekly chart. Support at around 1.3650 area. Long term trade. If support holds, breakout at around 1.43 area is likely. Targets at 1.5 zone and higher. Long term trade, Expect it to unfold over the next few months or so.

MLesan

USDCHF has formed a decent bear flag on the 1hr and 4hr chart in line with USD correction. This correction trade is more of a short term correction as market has been slow and consolidating for quite some time.

MLesan

Still bullish on oil. Consolidation taking much longer due to uncertainty of production freezing deal. Could take even longer to break out.

MLesan

USDCAD finally broke out of rising wedge formation. However, the break happened in US session and didn't have enough momentum to push it further down. It has since formed a bear flag, with a consolidation range of about 30 pips, for 16 hours. This will likely break in the London Session.

MLesan

Bullish on WTI CRUDE OIL,on bullish falling channel formation. If the channel breaks, next resistance level is at around 47 - 47.5 area. More of a long term trade

MLesan

Bear flag on Gold 1hr chart Good for 130 pips.

MLesan

A bear flag has formed on Golds one hour chart. This is a very good sell signal as it signals a little consolidation before price continues to fall for about the height of the pole which is just about 130pips.

MLesan

GBPAUD has formed an inverse head and shoulders pattern on the 4hr time frame which is a very strong bullish signal. It has a price projection of about 550 pips from the neckline up. This is a very volatile pair so it may chop around before hitting it's target at around 2.1750.

MLesan

A nearly perfect bullish flag has formed on the daily chart as shown in the chart. This is a good chance to get in long for about the height of the flag pole which is about 250 pips.

MLesan

The EURCAD and USDCAD have a good visual negative correlation.

MLesan

It seems these two currencies are slightly negatively correlated.

MLesan

GBPNZD held major support level at around 1.9350 area. A rejection bar formed on the daily chart at this level indicating possible price reversal. Also A decent falling wedge has been forming for the past few days which increases the probability of price breaking out of this consolidation into higher levels at around 1.9800/1.9900 area which is the nearest strong...