Price should follow the blue or green arrow at this point, ultimately ending up in the PRZ of a bearish Cypher. Targets for that reversal should be between 38.2% and 50% Fibonacci levels. The pair should rally again to continue the uptrend.
Looks like NZD/USD was much more hasty than expected, price broke a weekly resistance trend line to approach a stronger monthly resistance trend line. The move also completes a bearish bat pattern at around . The RSI(14) shows a bearish divergence as well making lower highs on price higher highs. First target to take profit would be the middle trend-line which...
Getting close to the completion of a Dragon/Crab pattern here where market will retrace from the yellow squared zone. Correction is estimated to fall on confluence of two Fibonacci levels and previous resistance. Price should not cross the black upward sloping trendline assuming no major changes in market sentiment. Ultimate target will the completion of a Crab...
This is a relatively minor chart to grab some pips in the 20-60 range. Watch out for the triangle breakout, set entry orders above and below the triangle sides to catch the breakout. Building on my previous chart, market sentiment for this pair is bearish, so a break downward is more likely.
Pair looks to have completed what seems to be an arbitrary harmonic pattern based on fibonacci ratios. If anything, it seems like a perfect Gartley if it weren't for the 50% retracement on XB instead of the usual 61.8%. Nevertheless, this is also confirmed by the RSI(14), where previous historical data show that a break above the 70 mark was a strong bearish...
Channel looks like moving up steadily, target looks to be between prices 111 and 112, before trend reversal.
The English pound and Japanese yen has just completed a bearish butterfly pattern. Target to take profit is the 38.2% level confluent with the uptrend support line. ENTRY: 159.000 EXIT: 156.200 STOP LOSS: 159.700 Reward:Risk = 4:1
Price is now lying in a critical area between resistance/support lines. RSI is giving a strong signal to buy, as evidenced by previous levels, while also completing a bullish AB=CD pattern. Price will either consolidate for a while hugging the touchline, before rallying up (PURPLE), or go bullish for the upper channel line, retrace, then rally on the break...
Price broke through resistance line, and now lies in the pair's supply zone. Price currently looks to ease off with a retracement to previous resistance line which is now support, before getting off a final rally to strong supply levels and a potential PRZ on the daily crab. Pair is set to retrace back touching both the red and blue channel lines, before the...
AUD/USD looks bearish now as a bearish bat pattern just completed. Targets to take profit are the four Fibonacci levels. Scale your positions accordingly. If I had to bet, the 61.8% (0.9130) level seems most likely.
First resistance line touched, Now we have 3 AB=CD drives still looking to complete. Two on the weekly, and a big one on the monthly chart. They all point to the same price quote, we should have SPX rally up to a range between , depending on how fast it gets there. Follow the index price through the channel lines on the white AB-CD.
After we've seen dollar weakness from the previous FOMC no taper announcement, it looks like EUR/USD still has some bulls left before the next meeting in December. Price looks to retrace a bit after strong momentum reaching overbought state, correction should be in the range between 1.3400 and 1.3330. Before going bullish again for the final target. An AB=CD...
Daily chart is showing that bears are exhausting as well. Price took a dip down in mid August after a bearish (50, 200) ABCD pattern completed. The retracement should stop at either 50, 61.8 or 78.6 fibonacci levels, forming a bigger ABCD pattern, which should take price right out of the triangle. Two leading indicators are giving a buy signal, while MACD is...
The incident in Syria has left the dollar in mixed sentiment, although dollar strength is anticipated very soon. Looking at the Cable chart, indicators are slowing down nearing the overbought zone, which could signal a reversal by next week. A bearish Crab is almost complete, and a bullish Shark pattern might be on it's course as well. The pattern reversal zone...
USD/CAD just took a dip after a bearish bat pattern completed. This seems like a good price to go long. It looks as if the pair might go down 20 or so more pips to test the trend-line, So I suggest putting stop losses below that area. We have two possible AB-CD patterns in progress, where we should potentially take profits. First target is 1.07 Second target is...
A good shorting opportunity based on harmonic patterns. Very good odds of trend reversal at price range of Prices to take short would be either the top of the chart as mentioned above, or the trend line breakout. Place your selling orders at both of these locations, whichever triggers first. Targets to take profits are shown at areas of confluence. Happy trading.
NZD/CHF has formed a Head and Shoulders pattern, it broke off the neckline earlier this week and seems to be heading for the usual Head:Neckline distance. Entry to go long will be at point C of the second AB-CD pattern, which is also the support neckline, at price 0.7260. Target to take profit would the Head-Neck distance and also the 2.24 CD extension at around...
Looks like EUR/GBP downtrend has run its course, and a reversal might be on the cards. At the price quote of 0.84761, indicators are now showing that this pair is currently oversold. A bullish shark pattern looks complete, confluent with a bullish AB-CD pattern, and the 0.786 FIB retracement of the monthly up-swing. It seems like a good time to go long. Targets...