RCP

RCP

Here on FX:EURGBP we have a very nice structure based formation. At first look at the beautiful round number of structure level @0.7300 which is tested for several times recently. Besides we have a nice wedge which indicates that price should go down. our reversal zone is between the edge of the pattern and the structure resistance levels.

RCP

Hello Traders! I see a very nice selling opportunity on #AUDUSD. As we see on the chart we have a very strong key structure level @0.7161 which was broken recently and price has formed a flag pattern. Now what I am waiting for is the retest of this key level to sell, or breakout of the flag to sell. Besides dont miss the rounding top formation which is one more...

RCP Updated 

Hello traders! We have a very good shorting opportunity on #GBPAUD. As we see the market is in a bearish trend and it is a good moment to go short at the structure level around @2.0953. There is a confluence of fibs and bearish divergence. I see this level is very strong and it will be hard to break up. If the momentum will slow down, and I think it does, we...

RCP Updated 

Previous week was really interesting and volatile, especially for EUR and USD. There were big moves at the end of week and trend reversals. As wee see FX:EURAUD is going to chance the trend. The price has broken the structure and made NSH, tested the support level and now I assume the pair will rally up around the 1.5177 levels. Lets see what the market does on...

RCP Updated 

Here is a very nice shorting opportunity. We have a double top with the confluence of structure resistance and divergence. In addition see linked chart below to see wider picture and more confluence; bearish bat pattern. Our stops should go above PRZ and targets will be the next support zone. -- Avto_T Financial Analyst www.rcpforex.com

RCP

We have a trend continuation formation on FX:EURAUD . I am waiting the price to retest the structure support @1.4586 and then go down. At the structure level we have 2 fibs confluence. Or target will be @1.4465 -- Green Luck Avto_T www.rcpforex.com

RCP

Here is a very nice formation on FX:AUDCAD . The structure looks like this: After a quick rally up price decided to go sideways and during this process it made a broadening top pattern. Currently we have 5th touch on the trendline structure and it is a good opportunity to go short. T1 is our target, but T2 could be reached as well if the price breaks the...

RCP

Here is a very nice bearish bat pattern which is going to complete @123.60. We have a very nice confluence structure levels and the round price. Our stops go above the red zone. I assume the price will reverse at this zone and fall down like a waterfall. -- Green Luck Avto_T -- Our website is launched today and we are ready to offer assist you. Get in and...

RCP

Good day traders! Today I want to focus your attention on FX:USDCAD . Here we have a harmonic structure based short setup. Here is a bearish ABCD pattern which is goping to complete @1.3460 resist area with the confluence of structure resistance. The reversal might occur somewhere in this level, around the red zone. Our targets will be 1.3383 and 1.3281. -- Green...

RCP

As we see we have a very nice double top pattern. Price has tested the neckline and made little correction, what I am looking is the price to break this neckline which will be a nice opportunity for bears to go short. We may choose more conservative way to get involved in, when the price breaks the neckline wait for the retest and then sell. However there is a 3rd...

RCP

Hello traders! Here is a very nice big cypher pattern on FX:GBPUSD Our entry point is almost ready to be launched with very nice R/R. Our stops should go below the red zone and our targets will be fibs 38.2 with a very strong confluence of structure level and 61.8 with very nice structure levels. This is a very great opportunity for bears! ------- Green Luck Avto_T

RCP Updated 

Bears have done their job already and now its bulls time. As we see price has broken the previous structure and bearish trend is going to become bullish trend. Currently what I am looking for is wait the price to retest the structure to become a support and then go long. The price stopped big rally at weekly PP and currently consolidating in that area which could...

RCP Updated 

Good morning everyone. Today we have a sell setup on FX:NZDUSD . As we see there is a very nice triangle with key support and resist levels and the bearish gartley pattern which completes at the triangle structure zone @0.6487. It is a very nice short setup as the trend is bearish these days. Our R/R is very good with 2 targets as shown on the chart. Stops should...

RCP

Good Morning Traders! Today we have a very nice opportunity to short GBP. As we see on the chart we have parallel trend-lines which work as a magnet. What I look is the price to break the support and fall down. There are 2 opportunities to go short: 1. if the price goes to Red Zone we go short- which is a very nice area to sell with the best R/R. 2. if price...

RCP Updated 

As we see the price has broken the structure and lost the steam. Currently what I am waiting is the retest of the structure @0.6500 and then fall down. You can see my idea on this pair by clicking below and who still want to hope on this trade the best level to sell will be the Red Zone and the targets are 0.6450 and weekly S3 which is also a descending triangle...

RCP Updated 

Good Monday traders! Today we should trade carefully, as there are many interesting news and market opened with big gaps. So on FX_IDC:NZDUSD we have a nice big triangle which give us an opportunity to sell and take some pips. As we see on the chart there is a 2 opportunity to get involved: 1 @triangle resistance level with the confluence of weekly PP and the...

RCP

Today while analyzing the market I have faced very interesting setup on FX:EURGBP . The price is moving in harmonically and testing diagonal support (dark red trendline), If you look at the blue trendlines both moves are almost same and they are parallel to each other; and all together this is 3-drives pattern. We have a very nice confluence of fib ratios on key...

RCP Updated 

Good morning traders. Today on my radar is FX:EURGBP . We have a nice sell setup with several key confluences. As we see there is a raising wedge with the confluence of PP as resistance and 200ma as support. Currently price is in a consolidation phase and we should be looking either rally up or breakout downside. I think the price will break the support and fall...