Following Periods of consolidation after the the dip lower( marked in boxed up area), price has gotten going again and looking at it possibly challenging current structural high to break out higher... Levels and live entries here: www.energyexch.com
will look to sell with stops above weeks high/ the right shoulder of the bigger pattern give or take.... The pink highlights on the chart outline todays probable pattern, first sell target will be towards the m15200 and see how it reacts, before pushing lower....
Just zoomed out view of the bigger setup that shows impact of break lower on current Daily support at mid 1480's
his zoomed out view of the H1 chart shows the bigger pattern. So while the h1 and h4 still offer specific short setup levels, the D1 support structure remains intact and till broken this is what it seems to be playing out, the h1 200 EMA thats been capping prices from going higher holds the key for further bullish continuation.....
Bearish continuation setup following accumulation zone.
Looking at the recent price action, in line with EW wave count from daily chart from December. Looking at price completing wave structure towards 1.18. Intra day wise looking at price meeting some overhead resistance at the 1.15700-1.16100 handle, coming down and possibly testing previous resistance turned support around the 1.14800-1.1500 handle. The breakout...
Possible GBPNZD short. Falling trendline from may 2016 High acting as resistance on daily chart. current price action trading in rejection areas based on previous price action. First price target becomes 50% fib, also coincides with previous support. Second target: Look to use rising trendline from October 2016 as support. Like and follow if you agree...
WEEKLY EURNZD: Possible EURNZD short. Oversold. Price Currently in sell zone. wave analysis.
Outlook on CADJPY. weekly chart: 5 waves completed and also harmonic outlook
Chart structure above showing potrntial drop in euraud. Head and shoulders setup combined with ElliotWave. price action moving towards key areas