We are now around a 50% retracement level from the previous impulsive move down and coinciding with the overall trendline. Watch for bearish candles on the LTFs for possible short opportunities.
Looking for signs of a reversal with huge profit potential on this pair!
Still looking for potential shorting opportunity's on this pair after NFP day once storm passes
EURAUD consolidating sideways looking like a bearish correction. Expecting to see the 15250 lows tested again and further downside. Im not looking for longs even on a break up from consolidation as not expecting it to go any further than the 38.2 fibonacci levels.
Watching for a potential High Base setup on GBPUSD I trade with trends, longer term & breakouts so not looking for short positions currently on this pair. Looking for a long entry on breakout of consolidation. If price breaks to the downside will eye up potential long entry nearer the 200 EMA.
Looking for a move like this on BP stock. Consolidation on Moving Averages and hoping for a break up and move higher.
A great run for Peloton but after breaking an aggressive uptrend late February it looks like it could be forming a huge Head & Shoulders pattern. The price has corrected up to the 38.2 Fibonacci level after this years drop from the highs seen at the end of 2020. Potential short back down the neckline and support around 95.
Ocado Group LSE Ascending triangle forming on the 50% fibonacci support from March 2020 lows of 990 to highs of 2900s. Directors dealings into correction could also add to probability of a move upwards. Stop losses or short orders under the 50% fibonacci support?
AAPL back at good level of previous support and resistance. Also lining up on uptrend support and good fibonacci support level. Ive taken the fibonacci from the 119 support Level. Keeping an eye on volume and RSI indicators for potential long entry.
After a break and retest from a descending wedge the pair broke into an uptrend. Price has come down to levels of support on new trend line. Currently looking at candle stick patterns on smaller timeframes for potential long entry.
Head and shoulders forming on the EURUSD daily chart. Price has fallen from upward channel at point of resistance. Now looking for a potential bear flag on a smaller time frame to a potential supply zone identified on the 30min chart for a short entry. Great risk/reward ratio.
After the pair failed to hold above the 110 level despite dollar strength, a continued move down to the 38.2 retracement level could see the bulls come back for another attempt at previous highs.