I see a broadening descending wedge between the pink lines. There is a rejection within the channel that porbably will take us to the 2225 level, but we will need some more time. For tomorrow is expected lady line arrives 2244 level that has been rejected before several times, and probably next week 2225 if USDOLLAR continue to fade. EP 2256 TP1 2244 or 2240 TP2...
The trading strategy for this one is the same as SP500 previously attached. EP 19720 TP1 19535 TP2 19233.
The pink lines are showing the channel rejection. Go bear below 2.546. Anyway in the long run we already have a double top adam and eve so the bear potential is huge. TP1 2.47 TP2 2.424
I dont know if you see the same channel I do. The one I´m trading is the the one in between the purple lines. We are just ready to sell when the line has persistenly touched the superior purple line in this channel and the line is below the inferior blue line. This pattern has been consistently repeated just after US presidential election .... what I mean is short...
I started this trade yesterday at 1.0760 and still is valid if you want to sell. At this moment we´re transiting a corrective flag so its a matter of time for lady line to continue the bear. The 1.05100 has shown to be a hard support for the EURUSD bears and still very unprobable to be surpased before FOMC next week. If you check this pair history you can see how...
November showed several surprices in copper. we had mayor peaks showing big impulse and then correction for both. Anyway, the pink line is showing us the upward trend to follow. After being rejected this trend line nov 30, today just after oppening was rejected again. We should expect lady line moves forward again and reach blue line. For this trade Entry was 2.6...
After US presidential election in the DXY index we experienced a sharp bullish impulse. After that, as expected we had a correction with a strong support in the 100.6 level forming a triangle that was touched at least 5 times over the past 2 weeks. Today I was surprised when that level was surpased bearish. but the interesting thing is that we found a new pattern,...
Since november we had been experiencing a correcitve channel. Today it was broken to the downside. For this trade to be valid, we should expect a flag correction, and then bear impulse. Entry Point .83100 TP1 .82350 SL .83554.
As in the SP500 index, the DJ30 has been making a soft correction. Within the pink lines we can se a triangle that need to be broken first. In this case, we will need to know which side does it break below or above orange lines. In both cases we should expect a flag after breaking orange lines. The bullish trend is still valid. If triangle broken downside the...
Bull trade is still active above 100.66. towards TP1 102.0, TP2 102.7 level, and TP3 104 level long term target. This is the 5 time lady line touches the 100.66 level and being rejected appearing as a big support obstacle for the DXY bear. The consolidation strucutre is still in motion. Also be aware that the angled pink line touching the short term trend is still...
The correction was expected and the entry point 2181 for the bear trade was never reached. What I see at this moment is the consolidation of a channel pattern. For the bull trade new entry 2198 after breaking structure. Be aware of the 5 times lady line has touched the pink line pattern. For this trade TP1 2204, then flag, and then TP2 2228 long term trade. Also...
If you´re used to trading patterns, in the 4H time frame there´s no doubt we find a Rising Wedge, and we´re supposed to be ready to go bear probably going back to 2150 or 2125 with an Entry 2181 bear. That is OK for the short term. If you´re used to SP500, you can recognize several times where you find those bear peaks and a fast pullback with a 1/3 plus return...
Just minutes ago this trade was openned after broken channel, then flag , and there is still a huge profit bull potential. My entry was 143.000 and my first TP is 145.413, SL 139.00. I don´t think any more comments are needed because tha chart talk itself. This trading idea is dedicated to Anil Mangal. Thanks Anil.
Just minutes ago this trade was openned after broken channel, then flag , and there is still a huge profit bull potential. My entry was 143.000 and my first TP is 145. 413, SL 139.00. I don´t think any more comments are needed because tha chart talk itself.
Last week I was ready to sell NZDUSD, and felt really sure about that trade but never arrived my entry point .69450 or formed a flag or nothing. Instead we had correction and was rejected near lower price action for this pair in june and july 2016. I was really surprised a couple of hours ago when the trade was opened bull, Why? In the Week time frame I see lady...
After a sharp bearish impulse experienced after US election, we´re experiencing the proper correction. As part of it we can see now a bearish harmonic pattern butterfly, as well as a triple top (pin line). Our trade confirmation is located at the 0.74240 level, and our first target TP1 will be 46% or 0.73950 an then continue to complete the bear harmonic pattern...
Since nearly 5 years we had been transiting a bearish correction channel. After US election we experienced a bullish impulse not yet corrected. Anyway we had already arrived Wave 4 and ready to bear back. Watch price action. If flag, then probable fast bull impulse. Be aware that price could be reaching 2.80 but after that ready to bear. If broken, new entry point...
After US election DXY channel correction was finished and structure was broken.Then we observed impulse with a small corection started last week. Now transiting upward channel just finished Wave 3 bear and ready to start Wave 4 bull. 100.60 has shown to be a strong support (double bottom). This idea will be invalidated if DXY below SL 100.10 returning to previous...