RKchartest

RKchartest

Normally this would be a great area to have a limit waiting at the low. Play the reaction. However the current correction to the 20 EMA can act as a spring to accelerate the pair through the low. A good breakout pullback trade may be how to approach this low.

RKchartest

GBPJPY is approaching a Role Reversal Level. I expect a reaction here rather its corrective or start of a swing. If price breaks out, ill have a entry at same level to the upside.

RKchartest

Pair is reaching a resistance level. I'm playing the area to catch a bounce or pivot level. Depends how price reacts off level. If area break, I'll be looking for the pair to head higher.

RKchartest

AUDUSD Just printed a higher low on the chart. This can be a swing point for tests of the 0.7758 area.

RKchartest

EURUSD has been traveling to the the 1.1426 resistance level. Area of support is approaching and offers a good level for up trend continuation. I expect some bids will be in the area to at least give us a bounce in price if it favors to go lower. In that case support will turn to resistance.

RKchartest

AUDCAD Broke out of the July range. Pullback to retest levels would make a great entry to re-enter trend.

RKchartest

Range is in place till broken. My bias is a sell at current levels till broken, then my bias will be long if the April high is broken.

RKchartest

I would expect to see the institutions eyeing the .7200 level. Wouldn't surprise me if limit orders are awaiting.

RKchartest

EURUSD is approaching resistance. With fading momentum, I would expect this area to hold.

RKchartest

AUDUSD is approaching a level of resistance that could act as a roll reversal level. This can equal a great trading opportunity with very good risk to reward. The GBPAUD moves in reverse of the AUDUSD when the AUD gains strength. Also the GBPAUD will move a much larger pip range that will allow a typical risk to reward on the AUDUSD be increased another Reward or...

RKchartest

Finding a trend line on a long term chart that price has consistently use for support and resistance is a great way to find other areas of support and resistance. Clone the line and place it on extreme levels on the chart. You will notice how price uses these levels. When you go to a lower time frame, you will notice that you can clone these levels to find...

RKchartest

Correction pattern is starting to see support. Sentiment is negative which leads me to be very Bullish.

RKchartest

EURCAD is at a level of Resistance. The pair pull backed and has a few things acting as resistance. 1. We have a Horizontal resistance level. 2. 20 EMA is holding the price down. 3. The Camarilla Pivot R4 is holding price as well. Price below this level is considered range bound unless broken.

RKchartest

Ending Diagonal spotted on the GBPCAD. Another good indicator is the RSI. The RSI is making higher lows when price is making lower lows. Ending Diagonals make you work for them. The safest way to trade them is to wait for a breakout and enter on a pullback using your own strategy.

RKchartest

Pinbar was formed on the breakout trendline. Good place to go short as resistance is now support. Also its a strong value line area "Shown in Comments"

RKchartest

Short the pair to enter wave 3

RKchartest

USDJPY has structure in place for the pair to go lower. Next support 109.80 handle.

RKchartest

It is possible a wave 2 pullback is now complete. In wave 3 we have a great entry from a wave 2 "blue 2" pull back for a Sell position.