On the weekly we have a double bottom aswell as consolidation meaning the market could be making a reversal to the upside. Also we have a bullish engulfing for entry
Last higher low broken with a lot of momentum. price pulling back at a key level and we can expect shorts here. brilliant risk to reward
Looking for a third hit of resistance which coincides with the 59.000 key level. Oil is very volatile and moves quickly so a nice tight stop loss and moving stop loss at entry after 30 pips
Technicals aligning well. also across the board the aud is quite weak which can push this pair right down.
9 weeks of pure bullish action with no significant pullback. Major signs on various timeframes suggesting shorts on this pair as we are getting rejection multiple times off the .500 region with buyers struggling to push towards the 9000 level. We also see price is getting compressed into a triangle formation which means we are expecting a huge breakout very soon...
HEAD AND SHOULDER FORMATION LOOKING TO BUY UP TO THE HIGHS
THIS WOULD BE A HUGE MOVE WHICH LOOKS LIKELY. ON THE WEEKLY WE HAVE AN ASCENDING CHANNEL WHICH HAS NOW BEEN BROKEN. WE ALSO HAVE THE WEEKLY RESISTANCE IN CONFLUENCE WITH THE FIB LEVEL OF 71% MOMENTUM HAS SLOWED DOWN FOR THE CANDLESTICKS BIG FOMC MEETING TOMORROW FOR THE USD POTENTIAL REWARD OF 700 PIPS+ THIS HAS THE POTENTIAL TO BE TRADE OF THE YEAR IF EXECUTED CORRECTLY
TRIPLE TOP FORMATION BEARING IN MIND DRAGHI IS SPEAKING AT 6PM. THIS COULD HAVE A MASSIVE AFFECT ON ANY EURO RELATED CURRENCIES
brilliant risk to reward expecting a pull back and a continuation of the uptrend on the daily corrleation in certain pairs suggest longs may occur
audusd expecting longs around the 61,8/71. brilliant risk to reward following the trend
GAP IN THE MARKET NEEDS TO BE FILLED BRILLIANT RISK TO REWARD 3RD TOUCH TREND LINE ASWELL AS 61.8 FIB
US OIL SELL TREND LINE - MULTIPLE TOUCHES OF THE TRENDLINE STRUCTURE CANDLESTICK WEAKNESS
GOOD RISK TO REWARD GOOD MARKET STRUCTURE 3RD TOUCH ON TRENDLINE
EURUSD BREAK, RETEST AND CONTINUATION PATTERN. BLUE LINE IS A MAJOR DAILY RESISTANCE POINT IF WE LOOK LEFT. MULTIPLE REVERSAL POINTS TO THE LEFT
HIGH PROBABILTY OF A SELL AT THE 61.8 RETRACEMENT. RISKING 25 PIPS TO GAIN 100 PIPS
SELLING IN THE GOLDEN POCKET OF 61.8 SHOULD BE ABLE TO RISD ETHIS DOWN A GOOD 200 PIPS. LOOKING FOR WICK SELLING IN THE GOLDEN HIGHLIGHTED REGION
NFP could be a potential cataylst for buy positions on the right shoulder heading into a strong demand zone