Norsefx

Norsefx

Potential gartley setting up. D-leg completion at the 0.6300 even handle number. Stops and target on chart.

Norsefx

Potential PRZ closing in on WTI crude. Price got a harmonic crab pattern setting up with 2 potential D legs. Price also got a AB=CD at 29.50$ Nice confluence area on a oversold chart. Note: This is a potential bottom fishing setup for a long term swingtrade, so i will use very low risk IF i take this trade.

Norsefx

The pair could possibly be reversing on the higher timeframes. April lows prints a potential head, and January 2014 + September 2015 lows printing the shoulders. Notice that the right shoulder is 61.8% of AB and projecting a move up to the 1.618% ext from AB.

Norsefx

The pair hit a daily SR level today and is now forming a double bottom on the lower timeframe. My bias on this pair is bearish, and im treating this as a potential countertrend play. Notes on chart.

Norsefx

GbpJpy Daily chart in a bullish channel. Price is approaching triangle resistance. Now waiting for potential breakout to the upside. No position yet. SL: Below 184.00 mark. Target 1: 191.90 Target 2: Upper channel trendline.

Norsefx

Ger30 have had a great bullish rally. Price is now forming a daily indecision candle. RSI (7) above 80. Sell stop below the wick. SL above the high. Target 1 is structure at 10400 area. Target 2 is 61.8% fib from this leg.

Norsefx

As the title describes. We got 2 bearish pattern setting up. Target 1: 38.2% fib Target 2: 61.8% fib

Norsefx

Oil is now flagging on the 4H chart, and consolidating above the 200sma. If there is a breakout of the flag, i expect price to go up and challenge the 200sma on the daily chart (52$) The harmonic ABCD pattern comes in at 54.80 and the full harmonic 1.618% is at 56.40. The big diagonal line is a weekly countertrendline, so that will be a interesting object in the...

Norsefx

A bearish bat pattern is forming on the 30min chart. D-leg is 124.36 T1: 124.14 T2: 124.00 A break of 123.68 without D-leg touch in invalidation of the setup.

Norsefx

Bullish bat. with 4H 200ma acting as confluence. My orders are on the chart.

Norsefx

Inverse H & S forming. This is also a area of interest on the daily chart.

Norsefx

Oil closed friday right above the support at 42$ We saw some bullish divergence closing in on support, and we have a nice doji close. If we see a bullish move my first target will be 46$ and use manual management on the rest of the position. I am long on oil @ 42.09

Norsefx

UJ is not doing much right now. It broke the falling wedge pattern last week, and retested the upper trendline of the bigger triangle pattern. And we are now waiting for the next move. The overall trend is bullish, but this week, we may see some downside.

Norsefx

The Euro is still consolidating inside of the big triangle pattern on the daily. Price is now forming a potential bearish Bat pattern D-leg at 1.1358. That also lines up with the trendline starting on May 15th and the 200MA My stop on this will be above the upper trendline (grey)

Norsefx

Price broker out of the symetrical triangle last week. Price hit resistance at both the harmonic triangle move (1124) and the 200MA. Price closed below the 21MA on friday with big selling volume on the break of 21MA. I am already short from the harmonic move @1123. SL: 1128 Target 1: 1100 T2: Hold with BE stop.

Norsefx

Oil has been falling since it broke out of the bigger bearflag on the daily chart. Support now is getting close 42-41.75. I am looking for a long position down at support. This is going to be a short term trade given the bearish nature of oil.

Norsefx

Daily chart shows a bearish direction. Short term is bullish, with resistance and the smaller trendline and 55Sma. I am waiting for a long oppurtunity from the lower trendline.

Norsefx

UsdJpy is closing in on the retest of the breakout fom the bigger triangle pattern that has been forming the last few months. We also got the smaller rising wedge pattern. Support: Upper trendline/55Sma