MassCapital

MassCapital

This pair has been stuck in a range for the past few days. Price action has come to the lows of this range and may now set up a possible long opportunity with a good risk to reward.

MassCapital

With the retracement trendline giving way to the upside and a series on intraday lower highs, I'll be looking for this pair to hit the targets before stops.

MassCapital

Price on this pair is looks to be resting at a decision point. Will this level hold? Potential short once price crosses 1.2820 level Confluences for a short opportunity below: - Rising wedge pattern which typically favors a break to the downside - 38.2 retracement of the previous swing Initial targets are at the base of the wedge with the opportunity to...

MassCapital

Currently short this pair with confluences: - 61.8 Fib retracement off area where price previously struggled to get above - Counter trendline break with price heading back below 0.720 Level - Targets are at the -27.2 Fib extension which also lines up with the lows of early March.

MassCapital Updated 

Few confluences lining up - Bounce off key 2.00 level 50% Fib retracement Counter trendline break with retest

MassCapital

- Price rejected at retest of channel and key 1.10 level - A 38.2 retracement, Will expect a move down to 1.0750 for initial targets and for extended targets, a move to December lows of 1.05

MassCapital

Last post on this pair didn't go so well HOWEVER : - 61.8 Fib holding - Top end of a channel which provides a great risk reward - Lower highs and lower lows on the higher timeframe - Hanging man on the daily chart. Tight stops are in place as a daily close above the channel/2.100 level may indicate further bullish momentum.

MassCapital

Price has come down to the lower end of this wedge. Could be a good area to buy with low risk along with a 78.6 retracement.

MassCapital

With this pair stepping lower, it has now pulled back into previous structure providing a great opportunity to short this pair along with a 61.8 fib retracement. Initial target for this pair is at structure down @ 2.0200 with extended targets at the 127.2 extension which also lines up near with the big round number 2.00. We'll see how this one plays out.

MassCapital Updated 

This pair was bearish for 7 straight weeks with an overwhelmingly large number of traders going short. Since so many traders were short this pair for weeks, the only way for the big players to make money is to go against the trend and this typically happens with news releases. Stop losses would have been trailed/placed at the zones marked red for traders...

MassCapital

With the overall trend of this pair still short on the daily, a great shorting opportunity may be around the corner with a few confluences lining up in pretty much the same zone: - Possible 3rd bounce off descending trendline - 61.8 retracement - ABCD completion - Gartley pattern completion

MassCapital

Looking at this from the bigger picture (HTF) a lower low lower close has occurred possibly indicating further bearish movement. Price is trading at a daily resistance level which it has tested a few times with each time less strength. Will this level hold?

MassCapital Updated 

Price is hovering right at major structure and with a series of higher lows, momentum may be building to break this level to the upside. A Bat pattern has just formed the C leg and this may be a good opportunity to hold it all the way to D. Initial target would be 187.400.

MassCapital

Price looks to be edging higher slowly through the daily resistance that held well for about a month. Since we did print a higher high higher close i'd be expecting another higher high and a move to the 1.272 extension to also complete the ABCD move.

MassCapital

A large potential Cypher setting up. Completion is at the 123.500 handle with minor structure looking back. Price action previously spiked down to these levels but was rejected the last time it came to 123.500 which could present a good opportunity for the bulls to buy this market up. Good luck

MassCapital

A large bullish Gartley setting up possibly giving an entry to hop on this strong bullish trend. The potential reversal zone shown lies between the 1.272 completion of the pattern and the round number 1.29 where there is also minor structure. With the strong trend, this one can be taken all the way up to structure highs. Good luck

MassCapital

Completion looks favorable right around the bottom of the relaxed upwards channel. Also completes pretty much right at the 1.54 even handle with some previous support looking left.

MassCapital

Cypher on the M15. Intraday setup finishes along very minor support looking further back. No major news out today so technicals will pretty much be the driver for today. Use due diligence =]