We have a falling wedge and RSI divergence on the 1hr chart at a key support trendline. This might favor buying pressure.
Price has gone back up to test highs. Double top formed with RSI divergence.
Since its explosive rally GBPUSD has been ranging providing us with two key areas to look for long and short setups to trade the range until we get a breakout.
Price has broken 4hr support trendline and is retesting it + Pivot Point. Stops above 50ema and targeting next key support zone.
EURCAD as broken a structure and started moving lower. We'll wait for a pullback to place a safer short trade. Price might retest highs again which is why it's safer to wait.
Price is at a key buy level near trendline support. We have 50% fib level confluence, the 50ema is being rejected at a zone where there might be a lot of buying interest.
Price has broken key resistance zone, waiting for this to possibly serve as support.
USOIL is approaching a key resistance zone. We'll be looking for short opportunities when price enters the zone targeting support trendline lows.
3 touch daily trendline and a key mirror resistance level. 6.5 : 1 RRR
Price approaching sell zone with a double top formation. First entry would take place when price enters the sell zone. RSI Divergence is also present as additional confluence. 4:1 RRR
Waiting for price to reach the resistance trendline in our sell zone for a short trade targeting extreme lows as indicated.
Price is trading within the weekly channel indicated. Ideally, price should bounce from the channel resistance and continue to the downside. If this happens on the weekly timeframe we're looking at we'll look for additional confluence on the Daily and 4HR for a setup.
Price has broken a key trendline, a best buy will be a retest of this trendline, minor mirror zone and 61.8 fib level. Target will be the last swing high and the 161.8 fib extension level, both aligning with resistance zones.
Corn futures has broken out of a downward channel and retested it. This current price aligns with the 61.8 fib level and is a decent support level. Long trade would target the recent swing high as a first target and the 161.8 fib extension as a second target.
EURUSD has began to retrace and is now at the 38.2 fib level. Price could either bounce up from this level or it will come down to the 50-61.8 levels area which will be an ideal buy at a mirror level.
Price broke a key resistance level and is now rejecting to the downside. Lower timeframes will provide a better opportunity to scout a buy trade with more confluence, targeting 0.70090's.
We have a rising wedge pattern with complete 5 wave structure and RSI divergence. Wait for very clear price action short. Price is still very bullish, but this is worth keeping in sights for a short opportunity.
After an explosive rally, its possible to scale in at a mirror level that should serve as support now. 4:1 RR