New to advanced patterns, but from my understanding, a bearish Gartley is starting its CD leg with a potential D completion around 86.8. Looking for the sell around that area and also looking to gain the even more valuable experience.
QDX!
I'm currently bearish on this pair and believe the current downward bias will continue to the outlined targets. However, if the contrarians find footing and regain former areas of support, a potential upward shift could occur. This pair is building up major potential on the weekly chart and is priming for a significant double pressure situation. Direction to be...
This may be my pick for the near future to really make some big moves (based solely on technicals). Price action is indicating a move down to the bottom of the long-term channel with a likely bounce to the upside. I am seeing a significant ascending triangle with multiple bounces occurring more frequently on the top side. This pair could break to some significant...
This pair is showing some exhaustion and bounce right on the .618 level of the short-term bearish trend (that ultimately broke the extended uptrend), signifying a bearish sentiment in the short term. I'm expecting a double-bottom to form around the outlined areas of structure. Had this pattern been one in my strategy, I would probably be looking to short this pair...
As with its correlated pair, EURUSD, I am expecting some short-term upside (very limited) as it begins to range within the green area outlined on the chart. Long-term, I see this pair as continuing its downward move. It should reveal its upside weakness shortly, likely around the .382 fib level, then bounce a few more times on the lower boundaries of the range...
Short-term, this pair has some bullish potential. It is currently sitting within a zone of significant lows, and with waning momentum on the USD index, it could return to the value zone and even continue towards the top of the current descending channel. Not interested in entering, but very interested in future opportunities. If it does not reach the top of the...
So, a lot to consider, but one thing seems likely- a strong move in a relatively short amount of time. There seems to be demand pushing this pair right into a high-pressure zone. I'm bullish for a few reasons, one is that it is sitting near long-term lows, two is that is has some attractive areas of potential support within range, and three the flat bottom of the...
Currently bearish on this pair, but a lot still left to be seen. Potential short-term sell opportunity if exhaustion forms around current price point, indicating a likely move down to the bottom of the current channel. Once it reaches the bottom, a break to the downside has a high probability of happening due to an extended period of time spent within said...
Inverted cup formation with a rectangle bottom just waiting to be broken to the downside. Wait for confirmation of the downward move once the rectangle is broken and enjoy the ride!
Head and shoulders with a descending neckline confirmed nicely by the .618 Fib level. Continuation pattern with a decent risk/reward that could see roughly 60-70 pip return on a short. SL at the .5 Fib and TP around the 1.618 extension. Looks like it shouldn't take much more than a day to complete the pattern. This is my first post, any thoughts?
