It appears as though AUDCAD may have done a classic break and retest of a a major downwards trend that lasted for weeks. Could the be an actual breakout?
It appears that AUDJPY may have have formed a double bottom around a major trend support area. Could this be a a bullish signal?
Even after a strong bullish rally GBPJPY is still considered OVER SOLD according to the Daily chart Stochastic. This may be BIG Bullish Day.
Even after a strong bullish rally GBPCAD is still considered OVER SOLD according to the Daily chart Stochastic. This may be BIG Bullish Day.
Even after a strong bullish rally GBPAUD is still considered OVER SOLD according to the Daily chart Stochastic. This may be BIG Bullish Day.
After looking at the 4h chart it appears support level 78.456 was broken and may have become support. If this level holds, lets see if we can test price level 79.667. RISK TO REWARD 1.68:1 ENTRY 78.684 SL 78.068 TP 79.667
After looking that the 4h charts it appears that support level 0.96371 was broken and may have become support. If this level holds as support lets see if we can test 0.096527. RISK TO REWARD 1.25:1 ENTRY 0.96527 SL 0.96187 TP 0.96187
After taking a look at the 4h timeframe, it appears that XAUUSD is forming a possible Head and Shoulders pattern. Ill trust this pattern here along with the Daily Stochastic is pointed down, telling me that the Daily Bearish momentum is strong. Lets see if we can test November 20th 5AM low. Ill use Dec 20th 9am high as my SL. Giving a 1.3:1 Risk to Reward. RISK...
AUDCAD seems to be in an overall downwards trend. I appears that a possible Head and Shoulders Pattern is forming around a major resistance area. Could be a indication of a Bearish Move. Lets see if we can test the Dec 20 9am Low. Risk To Reward 2:1 Possible 85 pip reward
AJ has been very bullish without any retest of the current trend. Price just reached Aug 20th 9am high, forming a possible double top. This is a good area to see a retracement. Risk To Reward 1.7:1
SPX500 had a very bearish morning today. It was great to capitalize on that big bearish move. Spx500 is looking like it double bottomed if this 3661.1 level holds. We may get a very big retracement with so much volatility in the market. I'm sure many traders exited their positions. We may get a 50% retracement. Im looking at price level 3674.8 as my entry, 3697...
The Spx500 looks like its running out of bullish momentum in the short term. Failing to set new highs, lets see if we can test the Dec 20th 3:30pm low. Ill use the previous consolidation as my resistance area. Giving a nice 2:1 risk to reward. SL 3719 TP 3657
Today it looks as if GBPCAD has a lot of bullish momentum bouncing off a major support level on the daily (1.9612) Im looking for price to get back to Dec 20 5am high (1.73706) 1.6:1 risk to reward
Looks like we may get a continuation from yesterdays momentum. The markets overall seem bearish this morning, I would like to see us test the DEC 20 1am low
Looks like we may get a continuation from yesterdays momentum. The markets overall seem bearish this morning, I would like to see us test the NOV 20 7am low
Looks like we may get a continuation from yesterdays momentum. The markets overall seem bearish this morning, I would like to see us test the Dec 20th 9am low
Looks like we may get a continuation from yesterdays momentum. The markets overall seem bearish this morning, I would like to see us test the Sept 20 9am low
This could be a triple top on the 15M time frame if price breaks support (3683.50) look for a nice bearish move to Dec 20 8:30 am Low. The trade is a a 1:1. If price breaks resistance at the top of the triple top structure kill this idea and wait for the next level of resistant at level 3693.