TheChartistTechnic

TheChartistTechnic

In coming Weeks I am looking for Long Positions if we are above 1.3750. That will for a Left Shoulder of the H & S before a decline.

TheChartistTechnic

We are looking at a conflunce of Events at area marked A: 1. EMA channel still holding Trend 2.Trendline Bounce 3. Support Turned to Resistance 4. Whole Number 5. And possible Dumping/Stop hunts earlier in the week when price moved fast to that zone stopping al those who took Short position early.

TheChartistTechnic

We broke the trendling and bounce back at A. Confirming the change in trend. Best trades taken for swing positions at point A. We have a continuation to 1.618 Fib extension as out last TP and closing all positions. The trend is making Lower Lows and Lower Highs. We also have a Bearish Engulfing on Support and Resistance 137.50

TheChartistTechnic

Looks like we have had a confirmation of Trend and a 78.6 Deep retracement. I am looking to keep Shorting the Pair to TP1 and TP2.

TheChartistTechnic

We are looking at a 78.6% Retracement and a D1 Bearish Engulfing Candle formation. Target 135.000.

TheChartistTechnic

We still Hold our position SHORT for NZDUSD. We have a Head ad Shoulder increasing our probabilities for SHORT position.

TheChartistTechnic

I am looking for a possibe Head and shoulder formation in USDCAD. At the moment we are trading it Long position untill 1.31000. If the Resistance area between 1.3000 & 1.3100 holders, the we shall have a swing SHORT position for the rest of the month. Any Breakout of the Resistance will see the Price go higher than the Head of the formation to 1.3250.

TheChartistTechnic

Its about time. Potential Move to 0.60000 to complete cycle of Quarter Levels. Have posted this severally and was waiting for a confirmation. Current reversal level has seen price break the Monthly High Price and pull back. This could be a Fake move to induce Long position since the Monthly Bar just closed was a PIN BAR. A high chance that retail traders will...

TheChartistTechnic

REVERSAL ZONE HAS SEVERAL CONFLUENCE OF EVENTS. 1. Whole Number 1.23000 2. Qauarter Level 1.22500 3.Previous Month High of the Month. Strong Resistance 4. Bounced of a monthly Pivot Level 1.2243 5. Looking to retrace to current monthly pivot 1.2062

TheChartistTechnic

Being the 1st week of the month. We are looking at possible retracement to Monthly Pivot or 1.40000. Current reversal zone looks strong due to the false move breaking the previous month low. Inducing short positions. Price is also around 1.37500 Quarter Point.

TheChartistTechnic

We have a Resistance level that could be a good Double Bottom for price to retrace back to monthly pivot 0.9633. Being start of the month i like retracements to Pivots. The next significant level is 0.97500/0.9800 level. As a general rule The High or Low of the Day, Week, Month or Year are the strongest Support and Resistance Levels i check. Most USD pairs are...

TheChartistTechnic

Trend line A was invalidated when we got a higher high from previous weeks high. We have a trendline adjustment to B. Breaking this will see price to our target. Coming week we are still biased SHORT for the pair.

TheChartistTechnic

Move A never confirm our Swing Position by Bouncing back on 0.67500 Level. A confirmed swing is when price breaks the channel and comes back to test a major price support or resistance. Am expecting a very deep retracement with move B. To scalp the down move we can waiti for price to go below the channel. Expecting a 61.8% or 78.6% Fibonnacci Retracement.

TheChartistTechnic

B was our earlier analysis that we managed to get few pips. Exited all positions before FOMC new release. My outlook is still short considering A high has not been taken out and the Trendline still holds as long at A is not taken out. A deep retracement that can present a good entry position SHORT. H4 Timeframe Trade idea. so its untill the H4 candle confirms with...

TheChartistTechnic

Quick Overall Idea. A&B = Double Top C = Most likely position that most retail traders took positions and the price had to go down to validate and come back to point B to stop them out. Most Technical analysts recommend taking positions when a trendline is broken and price bounces behind a trendline (Point C). My outlook is taking SHORT after stops have been hit...

TheChartistTechnic

It all boils down to patience. The pair has not confirmed the Low. A confirmed low is when the price crosses 34EMA and comes back below the channel to confirm a retracement before we can trade long positions. I am looking for Short position this week as the month comes to a close. That will give us W Pattern long of Double Bottom.

TheChartistTechnic

NZDUSD prematurely did not complete the cycle to 0.60000 Whole number but reversed at 0.6060. This would be to induce Long positions. Coming week we could see a very fast move to 0.6000 level stoping out all those that traders that have been stucking Long positions. I see a M formation at current position 0.62500 which is a Reversal pattern for SHORT POSITIONS.

TheChartistTechnic

Based on our earlier publish idea. Our view is still long. A bounce of fibonacci retracement level.