Strong possibility of GBPUSD to melt straight down to a major key level of 1.30. A possible retest to the 1.33 key resistance to the downside. Due to Brexit news we could just melt straight down. Right now GBPUSD is forming a bearish continuation pattern with adds to my confluence to the downside.
BTCUSD just had its pull back we will see how it reacts around the 11600 area which has proven to be a good intraday support area (green shaded). BTC is still consolidating around the key level of 11400-11800. The Fibonacci .618 lined up perfectly with the strong intraday support level of 11600 so well see if it pushes from here or there might be a possible drop...
BTCUSD is bullish at the higher time frames. With the bullish momentum it could take us straight to the 13775 area which is the next key level of support and resistance and a double top region. Which could set us up for a possible short back down to the low 10k area to retest the major trendline to rocket further up. But there is still a possibility that it could...
NZDUSD is setting up for a good short soon. Will see how it reacts to the trend line for a possible triple tap to the bottom. If it breaks trend will wait for the double top, which aligns with the next key resistance level for an added confluence for my short idea. Pair will probably be ready by end of this week or next week.
So many confluences to make me go short on this, third tap on the inner structure trend line with the possibility for a retest on the outer trend line, trading at a key resistance area and at the .786 fib retracement. Will be shorting at a retest of the fib or the trend line. if it gets there corrective it will only add more confluence to go short. Will be...
AUDUSD has been trading around a key level of resistance and support. Ill be looking for a few possible entries, The formation of a head and shoulder creating a triple top formation for a short entry. A third tap on the top trend line. Or a bear flag continuation. We will see how this pair reacts this week
AUDUSD has been trading around a key level of support and resistance. I see a possible slight head and shoulder formation forming a triple top. Will be seeing how this pair reacts this week if it gets to that ray line correctively, ill be taking a short. If it impulses down creating a bear flag formation will be taking a short position. These are the two moves ill...
Been waiting for this short since last Wednesday and its looking like a good set up for this week. On the four hour you can see a clear double top formation with an arch which is a good indicator for a short entry. Ill be watching this closely because on the daily it is a strong bullish candle so it might impulse through and catch people on the wrong side of the...
EURJPY is hovering around a key area of support/resistance. Which we broke through and now is resistance, we might see a retest of the area which aligns with my ascending channel. Will be looking for a third tap of the top of the trend line for a short entry if it gets to that in a corrective manner. If it breaks the structure impulsively will be waiting to see if...
this pair might not be ready this week, but it is setting up for a good short if that flag structure develops during this week. Will be monitoring this throughout the week. There is a possible drop through the support floor, will be looking out for that possible outcome for an entry.
This pair is looking really good for a short set up, if you look on the weekly time frame you'll see that there was a strong bearish retracement candle. Will be looking for a flag structure on this pair for the downside or the possible retest of resistance if it gets there correctively for the downside move. Will definitely be monitoring this closely this week...
Will be monitoring this trade closely this week, but my bias remains short at the moment. the area where the ray line is has been a good intraday support and resistance area. Which aligns perfectly with the .318 fib which is added confluence for a strong level of resistance for the current price action. Ill be waiting for a retest to that ray line for an entry...
The US dollar has been making a slow recovery, especially if you look at the DXY. A lot of my USD pairs I'm in short this week. Anyways, This pair has impulsed down and making a flag formation, it could either go up or down. On the daily it looks like the formation of a morning star to the upside. If it does will be looking for a short at the triple top area on...
Was really hoping for this pair to reach the previous high for a double top formation with added confluence of the 3rd tap of the trend line and the fib extensions being met for added confluence last week, but the market never goes your way all you can do is forecast many possibilities and be prepared for what the market does. It impulsed out of the channel and...
Will be looking for a bear flag continuation on this pair. I called a short last week got in the trade a little early but got out in BE. It impulsed above the resistance line then consolidated and then impulsed down and created a bear flag structure where i got in on an evening star patter and up 200 pips on that first trade. Will be looking to scale in another...
This is just an updated chart from my previous chart posted last week, will be looking for a bear flag continuation towards the downside, if you missed the move last week and looking to get into this trade ill be scaling in another position depending on how the market moves. Will be looking for either a 2 tap or 3 tap of the top of the trend line for a downward move.
Took a risk entry on this pair seeing that it was in an ascending channel to the a key resistance zone and there was a doji at the top of the resistance, will first TP is bottom of the doji wick, if it shows strong bearish momentum will be targeting next level of support, then the previous lows if it continues to go down. Will be closely monitoring this trade, but...
Been waiting for this short set up for a while, It is slowly getting to the area for an ideal sale for me. Only if it gets to that area in a corrective manner will I be placing a trade, If it gets there impulsively I will wait and see what the market will be doing and forecast my trade. Also, looking at the dxy it is slowly recovering from its downtrend and if an...