Surefyre

Surefyre

Maybe as far as 1.14 though more confident of the 1.12 being revisited

Surefyre

Series of fibs indicate a fall to ~0.80. Double top formed in early & late 2013 with the breakpoint breached in late 2013 and a failed retest of it this last week.

Surefyre

Fib extension of the corrective (beta) wave following H&S Reversal first (alpha) wave gives a Fib target of 1.1212 (delta) (2.618 extension as 1.618 looks decidedly shallow based on wave1's length). Most likely resistance at the EMA800H4 level which coincides with 1.1145 Historical resistance which may cap the rise to 1.1212 target

Surefyre

Based on the Fib extensions of the upward trend, target 1.692, the 1.618 extension of the recent fall. If you're feeling bold then go for the 2.618 target though there's only been one 2.618 movement, Sept-Oct last year

Surefyre

The pair is back within the rising wedge again though likely capped by the descending green trendline. The pair will probably hug the lower cone uptrend rather than proceed directly (and conveniently for us!) to the green line so buy the dips!

Surefyre

Been trying to make something of this formation for a few days and finally settled on H&S, albeit not an obvious one. Neckline around 139.28 which also happens to be a historical /R level, makinf last week's rally a possible re-test of the neckline which is fairly common. Assuming the neckline holds the short target is 2.618 x the H&S height of around 6.386. If...

Surefyre

But which way? Breaking upward requires busting two trendlines - (A) and (C), breaking down requires breaking one and historically there have been large downward movements after hitting trendline (A) which has just had a third confirmation 5 or so weeks ago from the rebound. Despite the general upward momentum over the last year I'm inclined to lean towards a...

Surefyre

Much Fib action in this decline, short to extension of recent high-low range

Surefyre

Overbought on STO and RSI, EMA50 has been providing support reliably. Good buy opportunity! SL at previous low of 1.0650

Surefyre

Strong candlestick reversal patterns on D1 and also H1, short to 1.042

Surefyre

GU is at the top of its 8-week or so range providing nice potential to short downwards, perhaps all the way to the bottom at the fib 0.236 level some 300+ pips lower over the next couple of weeks. If GU hits 1.6250 consider opening a short position.

Surefyre

Sudden drop followed by a flag hints at the prospect of the ABCD formation still being able to complete

Surefyre

Bullish market is a close call, slight overall uptrend but is it enough to be called a bullish market to justify a Cup With Handle buy ? Is a close one but that's a very well-defined pattern.

Surefyre

Narrowing down to a 1200pip range at the moment, in shorting territory right now

Surefyre

Looks like an ABCD is coming along nicely here, could provide a nice buy opportunity to begin next week

Surefyre

Pennant on EURUSD suggest downward continuation ahoy!

Surefyre

Breakout at base of rising wedge usually a poor performer in an uptrend, Go with long continuation and buy to the top of the wedge.

Surefyre

Hopefully the lines speak for themselves! Currently well oversold on D1, too, so at least some near-term shortage to be had