MattWalz

MattWalz

After last week's weekly low test candlestick, it looks as if price is breaking out of the descending wedge pattern that has formed over the last year. Look for a clean break out and either a retest to the blue supply zone or the descending TL before entering long

MattWalz

H4 price action has printed a H&S formation at previous structure resistance. Look for price to break and retest the neckline before entry short.

MattWalz

Yesterday daily candle formed a low test doji completing an inverted head and shoulders pattern on the daily and H4. I will be looking for price to break above the descending phase line before entering long on this pair

MattWalz

Break and retest of TL. Price currently formed a head and shoulders pattern on the 15m chart. I will be monitoring my position for a profit target

MattWalz

Pay attention to the green PRZ. Price has broken and retested the phase line, in confluence with the 50 and 200 ema, monthly resistance, and the 61.8 Fibonacci. A lot of power to move this pair short if a reversal is presented.

MattWalz

False breakout of the descending TL, in line with the 50% fib, 50ema, and supply zone, price action formed a bearish engulfing giving us an opportunity to short this pair with 2 targets. The first is the 0% fib with the 2nd coming in at the fib extension around 1.058

MattWalz

H4 head and shoulder pattern completed with numerous high test candlesticks. Take profit around 1.605

MattWalz

After another retest of the TL and demand zone, I am buying this pair up to the 0.999 resistance level.

MattWalz

Daily PA has formed a doji candlestick pattern at the key monthly support level, in line with an ascending TL bounce. I will be waiting for an H1 50ema break and retest before entering long on this trade.

MattWalz

Yesterday price formed a Daily Spinning Top formation as it tried to reject the ascending TL. Having broken the TL, the spinning tops offer an indication of hesitation before a potential downside move. I will be looking for a break of the H4 consolidation before entering this pair short. However, with the outer ascending TL fairly close, be sure to monitor PA...

MattWalz

I am still learning advanced pattern formations but I have observed a cypher pattern form in confluence with a TL break and retest and descending TL bounce. This should offer a strong zone for a good selling opportunity

MattWalz

Price has broken out and retested the ascending channel. With EURUSD's correlated pair USDCHF displaying bullish potential, it is safe to anticipate further downside movement on EU. Targets to keep an eye out for are 1.062, monthly support of 1.052, and 1.045. I will be waiting for price to pull back to the descending TL and rejection before entering this pair short.

MattWalz

Price finally broke out of the descending channel. After seeing a retest and rejection on the lower timeframes, I am expecting price to continue to rise with dollar strength to the next S&D zone around 1.005 before slowing and breaking through to test weekly resistance at 1.01

MattWalz

Keep an eye on price action as it has approached an area of strong confluence for a short opportunity. Price has rejected the descending daily Tl, which has held price in a downtrend for months now. This is also at a breakout and retest of the ascending phase line as well as a previous supply/demand zone. Watch H4 price action to paint a reversal pattern to...

MattWalz

Simple breakout and retest of the TL. H1 price action formed a double bottom with the final leg printing as a bullish engulfing. I entered on the close of the hour. I will be expecting price to continue to the 3rd point of the broken TL which falls in line with weekly resistance at 1.413

MattWalz Updated 

Upon a break and retest of the ascending phase line, EURCHF is good to short on an ABCD pattern with 61.8 rejection in line with descending TL and supply/demand zone. Downside targets are lows of 1.064 and the fib extension at 1.060.

MattWalz

After a false breakout of the descending TL, yesterday's daily PA painted a high test pinning the TL and moving averages. With price pulling back slightly in the opening hours today, I will be looking for a lower timeframe reversal to take the trade short. I will have my eye on the weekly support of 1.222 and the 0% fib as profit levels, with extended downside...

MattWalz

Price has channeled nicely in a downtrend over the past month. Currently price is retracing to a key level of 0.995. This zone has acted as strong S&R over the past year and after a false break last week I expect price to respect that level once more before creating new lows. An aggressive entry could be taken at this level, however I will be waiting for a break...